FinTech is a highly-competitive sector, so how do companies like Finyard, an innovative software solutions provider that helps global brands offer their clients cutting-edge applications, carve out a place in such an ever-evolving market?
According to Finyard CEO, Dmitrij Pruglo, the human element is one of the most important differentiators a brand can leverage. Dmitrij feels so strongly about it in fact, his entire leadership philosophy is built around this human-centric approach.
Read on to discover the five core principles of this philosophy that have helped Finyard grow and achieve success since being founded over half a decade ago.
Principle #1: always put your people first
“Employees are the ones who actually build a company, whereas a leader is just responsible for orchestrating and directing operations”.
This quote from Dimitrij clearly shows how vital to the success of Finyard he believes their people to be. In the relentless world of FinTech, employee churn, although unfortunate, is something most companies accept as a cost of doing business – but not Finyard.
Instead, there is great importance placed on getting to know each employee, as well as caring about their individual circumstances. By understanding their needs and their dreams, the company’s leadership is able to tailor working conditions and the overall atmosphere, to get the most out of each and every talent on the team.
Principle #2: intellect and passion trump experience
Experience is always something that’s considered during the hiring process at Finyard, but Dimitrij says that he and other leadership figures tend to give more weight to intellect and passion.
While experience can mean that a new hire is familiar with what they are tasked to do, leading to a quicker uptake in responsibility, it can also lead to people becoming complacent, or unwilling to step out of their comfort zones.
According to Dimitrij, by focusing on hiring people that are inherently intelligent, and extremely passionate about what they do, you can lay stronger foundations that, in the end, propel you to greater heights in the long run.
Principle #3: prioritise interesting challenges over routine
People enjoy creating and promoting interesting and exciting things, whether that be products, services, or anything else. It’s difficult to be passionate about a project, and give it your best, if it doesn’t interest you in the slightest.
That’s why, at Finyard, the team ensures that every project they take on, however large or small, poses an interesting challenge to overcome. The company encourages employees to approach projects in creative ways, promoting out-of-the-box thinking, and offering people complete flexibility as to how they tackle tasks. This includes idea labs, or group brainstorming sessions ahead of any project, to ensure all ideas are heard, and that everyone pulls together and really cares about what they’re doing.
This approach is one that Dimitrij and the leadership believe helps remove creative shackles, allowing their talented team to do their best work.
Principle #4: aim for the moon
“Aim for the moon. If you miss, you may hit a star.”
This quote from American businessman, William Clement Stone, is one of Dimitrij’s favourites, and one he has adopted at Finyard. The idea is, if you dream big, and set the highest possible goals for you and your team, it will act as inspiration and ultimately lead to success.
The companies that go down in history as “great” aren’t ones that play it safe. They’re ones that work hard to achieve outlandishly ambitious goals, together.
Principle #5: have fun and celebrate successes
On average, a person will spend roughly 90,000 hours at work during their lifetime. While that may seem daunting, when you enjoy what you do, it never really feels like work, does it?
Dimitrij believes this is another factor that has led to Finyard’s success, as hiring team members that love what they do, helps build a supportive working environment, where creativity flourishes.
Similarly important, is the practice of celebrating successes as a team. No matter how large or small the success in question, ensuring each and every one is celebrated, helps build morale, and leads to a more effective and efficient team.
Anyone interested in a role with Finyard, can check out the vacancies they currently have open. For more information about Finyard and the services it offers, visit their website, or send an email to [email protected].