In keeping with a 2022 examine by ANIS (Employers’ Affiliation of the Software program and Providers Trade) the Romanian IT market is dynamic and continuously rising, now reaching roughly 220.000 pc science and engineering specialists. Other than their
robust tech abilities, the Romanian workforce additionally demonstrates superb enterprise acumen and understanding of market wants and challenges. It’s no shock that Romania is shortly turning into an attraction for organizations around the globe trying to construct the
subsequent prime fintech firms and merchandise.
With massive our bodies reminiscent of Amazon, Microsoft, Intel, Google, and Oracle attracting and hiring a big portion of the expertise accessible, and new worldwide gamers coming into the sector, Romania’s market and its potential are steadily rising.
On the lookout for top-notch tech providers and help? Right here’s why you need to select Romania
Turning to outsourcing has change into the brand new norm in designing and implementing revolutionary options and providers for the fintech market. We have now recognized 5 most important causes that make Romania the very best supply of wonderful professionals to fulfill your online business wants.
1. Nice tech know-how and schooling
The Romanian workforce is among the many most well-prepared and versatile within the area. The technical experience of the IT professionals covers all mainstream programming languages (Java, C#, C++, JavaScript). On the identical time, their specialised
data in areas reminiscent of net, cloud and cellular improvement additionally permits engineers to face out.
Moreover, within the newest years, we’ve got seen a rise within the variety of younger programmers specializing in newer applied sciences and fashionable areas of software program improvement, reminiscent of DevOps, blockchain, machine studying, large knowledge and prolonged actuality (XR).
Nonetheless, if legacy applied sciences like COBOL or different area of interest ones are what it’s essential to keep or develop your product, Romania continues to be the place the place you’ll discover expert software program engineers that may assist you to.
Increasingly more pc scientists are graduating yearly from Romanian universities and they’re eager on taking up the world of software program improvement and making their mark within the fintech business. Most of them are wonderful English audio system and
have ranked very excessive at worldwide math, science or engineering Olympiads throughout their faculty years.
As well as, tech communities in Romania are very lively and are continuously organizing native or worldwide hackathons, meetups, and conferences, creating alternatives for professionals to share experiences and study from one another.
2. Robust business acumen
IT professionals in Romania usually are not solely good technical folks, additionally they have a robust understanding of enterprise wants and market challenges. They’ve a great basis in monetary and banking ideas, regulation and enterprise administration that make
them totally ready to construct revolutionary and user-friendly fintech options that additionally meet the present regulatory necessities (together with PSD2, GDPR, open banking and so forth.). Moreover, numerous them have already labored or are working in multinational firms
within the monetary business, gaining invaluable expertise and publicity to the newest applied sciences and enterprise practices.
3. Creativity and adaptableness
Having the fitting instruments (tech experience) and understanding what and why to construct with them (business data) are solely half of the components for creating a profitable fintech product. Creativity and adaptableness are the salt and pepper of this combine,
and our software program professionals have them each.
Romanian engineers, product homeowners, enterprise analysts and designers – to call only a few of the roles concerned in designing and deploying a fintech product – are open, curious and at all times in search of new methods to handle challenges. You’ll completely discover
them wanting previous the plain and going the additional mile to take your resolution from good to wonderful. They’re additionally versatile and may adapt simply to new contexts and necessities, which is essential for fintech firms that goal to disrupt the monetary house
but in addition adjust to regulatory adjustments.
4. Cultural compatibility
Understanding, and most significantly accepting, one another’s methods of working and cultural specifics contribute to a fruitful collaboration which in flip results in stability and long-term partnerships. The life-style and dealing habits of Romanian people
are fairly appropriate with Western professionals, making it simpler to speak effectively. And even when sure challenges come up, Romanian folks have the required means to adapt and construct a seamless collaboration.
5. Total openness to digitalization
Though a 2019 nation report on Romania revealed that within the public sector we’re nonetheless in a decrease place amongst EU Member States on the subject of digitalization, within the personal one there have been a number of notable initiatives for the time being. Coupled with
the accelerated progress within the digital house as a result of pandemic, the digital sector has seen a optimistic improvement over the past years.
A very powerful issue right here is that folks in IT are tech-savvy, open to digitalization and eager on contributing to constructing revolutionary, digital options within the nation and everywhere in the world. This not solely permits Romania to maneuver ahead but in addition makes
the workforce extra in tune with the present financial and digital context in Europe and the remainder of the world, contributing to a transparent understanding of the fintech house.
Based mostly on our personal expertise designing profitable fintech options for our shoppers, we imagine these 5 traits of the Romanian workforce are probably the most essential ones when selecting your fintech associate. After all, there are numerous different causes amongst
which we are able to embrace aggressive charges, appropriate time zone, government-backed investments, tech-savvy shoppers and on-line banking adoption, however none of those will matter in case your group doesn’t have sufficient tech experience, a eager eye for business particulars and
out of the field concepts to make your product distinctive.
Due to this fact, in case you are looking out for a whole group of execs that can assist you design, implement and launch a state-of-the-art fintech resolution, look no additional than the Romanian market.
