Hire Expert AWS Fintech Developers

Wondering why companies are rushing to hire AWS fintech developers? Fintech is rapidly transforming the banking and financial services sectors. Some of the fastest-growing startups in the world are fintech companies. Investors, like venture capital funds, continue to bet big on the fintech space. 

Fintech businesses owe a great deal of their growth to the intelligent blend of emerging and established technologies. Among these technologies, cloud computing is a huge player. Thanks to cloud computing, fintech companies can focus on their core business development instead of software infrastructure. As a leading cloud provider, AWS is a significant player helping to drive the growth and innovation of fintech businesses. 

AWS boasts robust cloud computing capabilities. It offers a large catalog of relevant cloud services to fintech companies. Whether your fintech organization needs big data, machine learning (ML), or analytics services, AWS can provide it. Naturally, more and more fintech companies choose AWS as their cloud platform to develop and support their innovative products. 

AWS fintech developers are in considerable demand. You need to plan well when hiring them. Hiring freelancers might seem like a good idea, however, you expose your project to considerable risks. Consider hiring AWS developers from a trustworthy software development company like DevTeam.Space instead. 

Before you choose a hiring approach, you need to understand the skill requirements for AWS fintech development. These are as follows: 

Primary skills for AWS fintech developers 

AWS fintech developers should have the following primary skills:

• Good knowledge of cloud computing platforms, e.g., IaaS (Infrastructure-as-a-Service), PaaS (Platform-as-a-Service), MBaaS (Mobile-backend-as-a-Service), etc.;
• Robust understanding of cloud computing delivery models, e.g., public cloud, private cloud, hybrid cloud, etc.;
• Proficiency with the AWS cloud platform;
• Knowledge of AWS platforms like AWS Elastic Beanstalk;
• Familiarity with AWS services like artificial intelligence (AI), machine learning (ML), analytics, big data, etc.;
• Unix or Linux administration skills;
• Knowledge of important relational database management systems (RDBMSs) and Amazon RDS (Relational Database System);
• Familiarity with Amazon ECS (Elastic Container Services) and Amazon EKS (Elastic Kubernetes Services);
• Skills in one of the important programming languages, e.g., Java, Python, JavaScript, etc.;
• Experience in using AWS cloud monitoring solutions like Amazon CloudWatch;
• Knowledge of AWS Lambda, a serverless computing platform from AWS;
• AWS database migration skills;
• Familiarity with AWS CI (Continuous Integration)/CD (Continuous Delivery) tools like AWS CodeDeploy.

Other software development skills needed by AWS fintech developers 

AWS fintech developers need the following additional skills:

1. Application security skills needed by AWS fintech developers

Fintech is a relatively new branch of the banking and financial services sector. We all know the stringent regulatory compliance requirements that banks and financial institutions must meet. Fintech companies must comply with these too. Data security and privacy constitute a large chunk of these compliance-related challenges. Therefore, you really need AWS developers with prior experience in developing secure fintech apps. 

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Fintech AWS developers need to know the following:

• How to implement modern solutions like multi-factor authentication (MFA);
• Utilizing data encryption;
• Implementing digital signature;
• How to use solutions like antivirus and firewall;
• Ensuring API security;
• Using AWS cloud effectively;
• Utilizing real-time threat intelligence solutions;
• How to mitigate application security risks;
• Supporting security and compliance testing efforts.

2. API development skills needed by AWS fintech developers

You might need API development in a fintech development project. Look for AWS developers with API development skills. They need to know the following:

• Choosing between GraphQL vs REST APIs;
• How to develop RESTful APIs;
• Using API development tools like Postman;
• Utilizing API documentation tools like Swagger;
• Hosting APIs using the AWS cloud platform;
• Designing API endpoints;
• Creating rules for API requests and responses;
• Securing APIs using authentication, encryption, etc.;
• API testing.

3. Fintech industry knowledge

Apart from technical skills, you need AWS fintech developers with industry domain knowledge. You don’t need them to be industry experts. However, they should know the following:

• Key characteristics of fintech development;
• Important technologies in the fintech space;
• Prominent fintech examples;
• Key trends in fintech, e.g., embedded finance;
• How the future of fintech might look like;
• The growing trend of partnerships between fintech companies and traditional banks/financial institutions.

4. Code review skills needed by AWS fintech developers

Fintech AWS development projects are custom software development projects where quality management is important. You need a thorough code review in addition to testing. You can then detect defects early in the lifecycle. Look for AWS fintech developers with extensive code review experience. They should know and implement the important code review strategies.

5. Software engineering and software development methodologies skills

AWS fintech developers should have expertise in software development and software engineering. They should know about DevOps, testing, coding best practices, etc. Fintech product managers often use the agile methodology for fintech app development, therefore, you need AWS developers that know it.

6. Software architecture skills needed by AWS fintech developers 

You need to develop a winning fintech app, and that needs more than just brand-new features. Your fintech app must offer performance, scalability, testability, maintainability, and security. Software architecture is key for this. You should look for AWS developers with good knowledge of architectural decision-making and architectural patterns.

7. Competencies needed by AWS fintech developers 

AWS fintech developers should have the following competencies:

• Empathy: Developers need to understand the requirements from the perspective of end-users. They need empathy for this.
• Teamwork: Developing a successful fintech app requires the active participation of an engaged team. You need AWS developers that can work effectively in such a team environment.
• Communication skills: AWS fintech projects typically involve several stakeholders. You need developers that communicate with the stakeholders effectively.
• Passion for excellence: The fintech industry is competitive. Your fintech app needs much more than new features to succeed in this market. You need to offer excellence. Therefore, you need AWS developers with a passion for excellence.
• Problem-solving skills: Fintech software development projects are complex. You need AWS developers that can solve project problems by working effectively with others.
• Commitment: The inherent complexities of AWS fintech projects introduce a degree of uncertainty. You still need to meet the project scope, budget, schedule, and quality requirements. You need AWS developers that are totally committed to the success of the project.

How to find the best AWS fintech developers? 

You now understand the AWS fintech developer skill requirements. You can start the hiring process now, which involves the following steps:

1. Decide the kind of platform to hire AWS developers 

The fintech space is highly competitive. You need to offer a fintech app that stands out of the crowd. Users must see real value in your app for that to happen. You need a top-notch software development team for AWS fintech projects. Choosing the right hiring platform improves your chances of getting top AWS developers. On the other hand, wrong hiring decisions can go on to derail your project. 

You might think it’s a good idea to hire freelancers. Freelance platforms do enable you to hire freelancers at a low hourly rate. While this option might work just fine for simple projects, AWS fintech projects are anything but simple, so why take the risk? 

Freelancers will only work part-time on your project. It’s hard enough to manage the work of part-timers, and it becomes harder with remote freelancers. Imagine yourself in Jersey City, managing the work of a part-time freelancer in south-east Asia who is only working part-time and you will get the picture. 

Note that freelance platforms provide no project management support. You are on your own after you have hired a freelancer on a freelance platform. If a freelancer leaves your project mid-way, then you need to find replacement developers.

We recommend you hire dedicated AWS developers from a trustworthy software development company like DevTeam.Space. Our full-time developers are highly skilled. They are experienced. DevTeam.Space developers are trained in our AI-powered agile development processes. 

We routinely encourage our developers to upskill. Therefore, they are highly motivated. We follow a stringent vetting process for our developers. We also provide project management support. Our dedicated account managers provide management oversight for the work done by our programmers. 

Fintech AWS projects are high-visibility, high-risk projects. Hire AWS developers from us to succeed in such projects.

2. Interview AWS fintech developers

You have chosen a hiring platform and posted a job ad. It’s now time to interview candidates. You can ask friends or colleagues for help. Alternatively, you can consult interview questions found online, e.g., our AWS interview questions.

Cover all technical knowledge areas when asking questions. Ask questions that help you evaluate the hands-on skills of candidates. Don’t ask theoretical questions only. 

Ask candidates about their past AWS fintech project experience. Check how they solved problems in these projects. Describe your project objectives and explain the high-level requirements. Ask how candidates would approach your project. You should expect to hear specific suggestions and not jargon. 

3. Onboard AWS fintech developers

Having found the right developer, you obviously want them to become productive quickly. Effective onboarding greatly helps with this. 

Meet the new developers and explain your project scope. Describe the business requirements. Share with them the relevant documents, e.g., functional requirements, non-functional requirements (NFRs), technical solutions, etc. 

Provide the necessary access to new developers. This would include access to code repositories and other project tools. 

Introduce your new developers to your existing team members. Explain the roles and responsibilities. Set up a communication process with the new developers. 

Describe your project plan. Explain the project schedule and milestones. You need to explain the work approval process to the new developers. Finally, you need to establish accountability.

Interviewing tips to hire AWS fintech developers

Consider the following suggestions when you hire AWS developers:  

1. Hire AWS fintech developers with a good breadth of experience

The scope of fintech is growing considerably. Your fintech app might offer multiple products and services. Look for AWS developers with a breadth of experience in this space. They should have experience in many of the following categories of fintech businesses: stablecoins, mobile payment apps, DeFi (decentralized finance), mobile wallets, stock trading apps, and portfolio management apps. 

2. Hire sufficiently experienced AWS developers 

Fintech projects are complex. You should hire sufficiently experienced AWS developers. Avoid hiring too many junior developers since you need a judicious mix of experience.

3. Hire an AWS development team from DevTeam.Space instead of individual developers from different platforms

Some fintech AWS projects are large. You will likely need multiple developers, and you might think of hiring individual programmers from different platforms. We don’t recommend you do this though. Developers hired separately will work in silos. Hire a complete development team from a software development company like DevTeam.Space since such a team will work cohesively.

Examples of interview questions when hiring fintech AWS developers 

Ask questions that help you evaluate the relevant skills of AWS developers, e.g.: 

1. Describe your experience of using AWS cloud services in past fintech projects. 

Answer:  

This is an open-ended question. You can expect AWS developers to talk about the different requirements they had to implement in past AWS fintech projects. They might have used AWS services in areas like AI, ML, analytics, big data, etc. to implement such requirements. Expect developers to describe how they utilized these cloud services.

2. Describe how you implemented customized requirements in fintech apps. 

Answer:  

In reply to this open-ended question, expect AWS developers to talk about the complex requirements they implemented. They might talk about features powered by AI/ML. Alternatively, they might talk about features with complex business logic, e.g., offering special discounts based on conditions. 

3. Talk about the industry domain-specific challenges faced during past fintech AWS projects.

Answer:  

Candidates might talk about specific challenges they faced in reply to this open-ended question. They might talk about security solutions, regulations-related complexities, DeFi-related complexities, difficulties in implementing algorithmic trading in a fintech app, etc. You should expect candidates to describe how they resolved these challenges.

Submit a Project With Zero Risk

AWS is a leading cloud computing platform, and several developers know it. However, AWS development for a fintech company can be hard. You need good developers to get it right. Why take the risk of hiring anything but the best AWS fintech developers?

DevTeam.Space is a community of experienced field expert software developers. All of our dedicated AWS developers have been vetted and trained in our unique agile software development process.  

We match only the most suitable developer or development team to your project specifications. If you would like to learn more, simply fill out our DevTeam.Space product specification form and one of our experienced account managers will get in touch to answer any questions you might have.