"Conneen, a seasoned fintech leader who helped scale personal loan provider Best Egg and spent 11 years at Oracle as an engineering architect, said the AI cycle is one of the most pronounced waves he has seen in his career. It's hard to find talent, he added. There are definitely people who will be very compensation-focused, and I don't begrudge them that. Conneen, however, said that in the reverse industry, what attracts people is the mission behind the business."
"On the classic dilemma of whether to build or buy a technology stack, FOA leans toward building tech in-house when it's a differentiator, while partnering with vendors for commoditized solutions. Things like our digital acquisition, we are building that ourselves in-house, using our talented team, Conneen said. But things like Salesforce Marketing Cloud, we partner with vendors and customize to our needs."
"Bill Packer, chief operating officer at Longbridge Financial, agrees that competition for AI talent is fierce across industries. Still, he believes Longbridge has an edge: The company is mission-driven, has a tangible impact on people's lives, and it's working on exciting projects with computer vision, automated underwriting and voice agents plus the opportunity to engage with leadership."
AI hiring is growing rapidly within fintech, creating intense competition for scarce engineering and data talent. Companies emphasize mission-driven impact and engaging AI projects to attract candidates who might otherwise prioritize compensation. FOA prioritizes in-house builds when they provide differentiation and partners with vendors for commoditized solutions, and it has developed an image data extraction program while remaining open to vendor efficiency. Longbridge leverages partnerships and focuses on computer vision, automated underwriting, and voice agents, expanding its tech team by 25% to 40 employees of a 488-person staff with continued strategic hiring planned.
Read at www.housingwire.com
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