UK fintech firms are gearing up for a surge in recruitment, with professional hiring expected to jump by 32 percent. Despite lingering economic uncertainty and a cautious investment climate, companies are pressing ahead with growth plans, driven by mounting compliance demands and the need to bolster cybersecurity.
The latest fintech report from Morgan McKinley and labour market experts Vacancysoft highlights a shift from an early, fast-paced start-up phase to more mature, regulated models focused on revenue generation. Even with venture capital funding below historical norms, fintechs are adjusting their strategies towards product development, operational expansion, and an increasingly complex compliance landscape.
Key Points
- Fintech hiring is projected to increase by 32% this year, driven by compliance and cybersecurity needs.
- Technology roles, particularly in cybersecurity, are expected to see a 39% rise in hiring.
- Hiring for financial crime specialists could soar by 50%, reflecting the pressure from evolving regulations.
- Firms like FNZ, Wise, and Deel are ramping up hiring between 40% and 120%, fuelling global expansion and product demand.
- The focus is shifting towards high-impact roles in compliance, product engineering, and cybersecurity, while generalist roles face cuts.
Why should I read this?
If you’re in the fintech space or just keen on keeping up with industry trends, this article is a must-read! It’s not just about numbers; it’s about the real challenges fintechs face today. Understanding the hiring boosts in compliance and cybersecurity roles can help you grasp where the industry is headed. Plus, it gives you a heads-up on the skills that will be in high demand. So you might want to take a moment to dive into these insights!
