How Steward Bank Is Trying To Disrupt Fintech And Freelance Industryies
Freelancers now make up 55% of the Zimbabwe workforce. By 2020, it’s expected to rise to 70% this all deepens on how the current crisis plays out.
There are numerous reasons for this. More and more employers are choosing to have more flexibility with their employees in favor of flexible labor costs. At Techuzipped we have taken this approach with some of our writing and it’s yielding great reasons.This is especially useful for startups and SMEs. Getting the financial plan wrong and trying to grow too fast can spell disaster for a new company.
As freelancers, daily work routine may seem a bit abnormal to working peers with a strict 9-to-5 workday. Freelancers typically have no need to wake up before the crack of dawn, only to join the inevitable standstill traffic that stretches on for kilometers.
Steward Bank today posted freelance job opening on twitter:
Calling upon all skilled developers in the diverse fields of software engineering. You could collaborate with our multi skilled team on exciting disruptive fintech projects as a freelancer.Sign up to find out more https://t.co/6g0K9ciHqF pic.twitter.com/0ySYFhmLOI
— Steward Bank (@stewardbank) November 17, 2017
Millions of Zimbabweans are employed under a system known as the “gig economy”. Econet seems to be pushing for a gig economy. Econet has two “gig projects” aimed at youths which are Elevate and Technites.
While freelancing obviously offers flexibility and potentially easier hours, there are also two downsides a lack of job security and, perhaps more worryingly for long-time investment bankers, no bonus.
Despite the popularity of cryptocurrencies like Bitcoin, most are not familiar with the underlying technology that has allowed disruptive concepts to emerge and flourish. As the RBZ is now researching cryptocurrency, it may not be a surprise that Steward bank will also be researching
Blockchain, while not a terribly sexy topic for most, is likely to be one of the most impactful technologies our society has bubbling beneath the mainstream.
The bitcoin frenzy isn’t about to die down anytime soon. While the RBZ’s reluctance about cryptocurrency stems from concerns over new technology, the growing number of users in Zimbabweans cannot be ignored and beckons regulatory intervention sooner than later.