Re:Ask HN: I got let go this morning. What should I do next?
by BRitterbeck on Friday January 30, 2015 @11:34PM
(#8975898)
Is your background more tech or more finance?
Re:Ask HN: I got let go this morning. What should I do next?
by tonyhb on Saturday January 31, 2015 @01:08AM
(#8976054)
Not to discredit your question which is important in context... I feel like Both of them overlap and there are some really, really interesting problems in finance which most people don't have the balls to solve. There's a reason fintech startups are few and far between in comparison to the rest.
Re:Ask HN: I got let go this morning. What should I do next?
by BRitterbeck on Saturday January 31, 2015 @02:42AM
(#8976178)
I was asking because I used to work in a bank, participated in two fintech startups, and have returned to banking due to circumstances with my family. I was going to target my advice based on the answer; however, after thinking this over some more, my advice would be the same for either answer. Stay in banking. There are a lot of problems in banking that need to be solved, and I think being on the inside of the bank gives one the best chance at solving those problems.
Take a look at...
Dwolla: they are out to destroy the Automated Clearing House industry. Bitcoin: banks need to know how to interface with that! Micropayments: same deal. Mobile: OCR for check deposits! Data science/analytics ("big data"): obvious.
Banks that fail to adopt a hacker culture because IT is a "cost center" (despite the fact that all operational units of any business are) will crumble.