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How can you develop resilience as a leader in Financial Technology?

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Resilience is the ability to cope with stress, uncertainty, and change, and to recover from setbacks and challenges. As a leader in financial technology (fintech), you need to develop resilience not only for yourself, but also for your team, your customers, and your business. Fintech is a fast-paced, competitive, and innovative sector that requires constant adaptation and learning. How can you develop resilience as a leader in fintech? Here are some tips to help you.

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Maurizio Raffone

Fractional CFO for Tech Companies | Finance, Capital Markets, Venture Capital and much more
Jenny Campbell

I help you and your organisation build healthy, high performance, and the work ensures we don’t take ourselves too…

1 Understand your purpose

Having a clear and meaningful purpose can help you stay focused and motivated in the face of difficulties and disruptions. As a leader, you need to communicate your purpose to your team and align it with your vision, values, and goals. Your purpose should answer the questions: Why are you in fintech? What problem are you solving? How are you making a difference? By understanding your purpose, you can inspire yourself and others to overcome obstacles and pursue opportunities.

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Maurizio Raffone

Fractional CFO for Tech Companies | Finance, Capital Markets, Venture Capital and much more
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Your purpose is often exemplified via a strong mission statement. Avoid jargon and buzzwords and focus on why you are doing what you are doing. A strong mission statement (the "why") is best supported by an equally strong and clear vision (the "how"). Together, these two high-level propositions can help leaders create clarity of purpose across the whole organization.

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2 Embrace change and learning

Fintech is constantly evolving and changing, which means you need to be flexible and adaptable to new situations and demands. As a leader, you need to embrace change and learning as opportunities to grow and improve. You need to be open to feedback, new ideas, and different perspectives. You also need to foster a culture of learning and innovation in your team, where mistakes are seen as lessons, not failures. By embracing change and learning, you can enhance your skills, knowledge, and creativity.

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Jenny Campbell

I help you and your organisation build healthy, high performance, and the work ensures we don’t take ourselves too seriously!
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Learning IS a direct enabler of resilience. And again, only if you have capacity. It kicks in only when your Resilience Capacity is greater than the Resilience Demand upon you. That means don't expect yourself to learn if you are struggling. Give yourself a break, rest and recover, then boost that Being Present and Energy piece first. If you are ready to Learn. Then consider not WHAT but HOW you learn. That's the big ticket for transformation. Included in this is asking for help - one of the key tricky areas for Fintech brilliant minds who consider they need to 'know'. You can't know everything, asking for help is cool and groovy. And leads to a release of capacity and great relationships also.

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3 Build relationships and support

Resilience is not a solo effort. You need to build relationships and support networks that can help you cope with stress, share experiences, and offer advice. As a leader, you need to connect with your team, your peers, your mentors, and your stakeholders. You need to trust and empower your team, and give them recognition and feedback. You also need to seek and offer support when needed, and collaborate with others to solve problems and achieve goals. By building relationships and support, you can strengthen your emotional and social resources.

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4 Manage your energy and emotions

Resilience is also about managing your energy and emotions effectively. You need to balance your work and personal life, and take care of your physical and mental health. As a leader, you need to be aware of your own emotions and how they affect your decisions and actions. You also need to regulate your emotions and cope with negative ones in healthy ways. You need to practice self-care, such as exercise, meditation, or hobbies, and recharge your energy regularly. By managing your energy and emotions, you can improve your well-being and performance.

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Jenny Campbell

I help you and your organisation build healthy, high performance, and the work ensures we don’t take ourselves too seriously!
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So my last comment. Energy is a direct driver of resilience. The more quality energy, the more quality resilience - and that means being able to adapt successfully to change, whilst maintaining your integrity and purpose. Think about your physical, emotional, mental and spritual (what inspires you) energy. What makes a difference? And for Fintech colleagues out there especially, think quality sleep. When's the last time you really invested in getting the best sleep ever. It's the killer app of energy!

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5 Cultivate optimism and gratitude

Resilience is also about having a positive and realistic outlook on life. You need to acknowledge the challenges and risks you face, but also focus on the opportunities and solutions. As a leader, you need to cultivate optimism and gratitude in yourself and your team. You need to express appreciation for what you have and what you achieve, and celebrate the wins, big and small. You also need to encourage yourself and others to see the bright side of things, and to have hope and confidence in the future. By cultivating optimism and gratitude, you can enhance your happiness and satisfaction.

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6 Develop a growth mindset

Resilience is also about having a growth mindset, which means you believe that you can learn, improve, and overcome challenges with effort and perseverance. As a leader, you need to develop a growth mindset in yourself and your team. You need to embrace challenges as opportunities to grow, and not be afraid of failure or criticism. You also need to set high but realistic expectations, and reward effort and progress, not just results. By developing a growth mindset, you can increase your motivation and resilience.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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How can you develop resilience as a leader in Financial Technology?

1

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3

4

5

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1 Understand your purpose

2 Embrace change and learning

3 Build relationships and support

4 Manage your energy and emotions

5 Cultivate optimism and gratitude

6 Develop a growth mindset

7 Here’s what else to consider

Financial Technology

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How can you develop resilience as a leader in Financial Technology?

1

2

3

4

5

6

7

1 Understand your purpose

2 Embrace change and learning

3 Build relationships and support

4 Manage your energy and emotions

5 Cultivate optimism and gratitude

6 Develop a growth mindset

7 Here’s what else to consider

Financial Technology

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