FinTech will 'struggle to fill vacancies' amid 182% job growth

The global FinTech industry has experienced a 182 per cent hike in tech job growth during the first quarter of the year, but the industry might struggle to fill new vacancies.

The growth has been charted by the Robert Walters’ Global FinTech Talent Report, which highlights how the industry is one of the fastest growing sectors post-pandemic, with three times the growth of the wider market.

The top eight FinTech “mega-hubs” of the US, Japan, Spain, Australia, Singapore, the UK, China and the Netherlands account for over 90 per cent of all new jobs advertised worldwide, said the recruitment firm.

However, according to Robert Walters, the sector will face “major hurdles” this year, as an “acute” tech talent shortage around the globe threatens to “halt the FinTech growth machine”.

“The forecast for organisations working in the global FinTech market is a very positive one, however, their growth will be dependent on their ability to recruit and retain the right tech talent,” said Toby Fowlston, chief executive of Robert Walters. “As the adoption of FinTech products continues to grow at an exceptional rate, the concern is whether there is enough of the right tech talent to keep up with the growth.”

The UK is behind only the US when it comes to FinTech funding, attracting $4 billion in the past year, said the report.

Also in the UK, FinTechs are hiring “predominately” at the senior-end of the market, to “accommodate the fast-scaling nature” of the industry.

    Share Story:

Recent Stories


Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.