Skills-Based Organisation Journey at Finastra

This whitepaper outlines Finastra's approach to becoming a skills-based organisation, detailing their journey and the lessons learned along the way. It begins by explaining the importance of skills in the competitive fintech industry and how Finastra recognized that many of their business challenges were fundamentally related to skill gaps. The document describes the pragmatic framework developed by Simply, which emphasizes aligning employee skill development with business objectives while maintaining existing job structures. It highlights the introduction of pilot programs to test various approaches for skill activation and development. The whitepaper also discusses the importance of collaboration among business leaders to ensure that skill development aligns with strategic goals. By focusing on critical skills and fostering a culture of continuous improvement, Finastra aims to enhance employee engagement and retention while driving business success. The document serves as a guide for other organizations looking to implement similar strategies in their workforce development efforts.