Business Money: UK fintech boom: Technology vacancies soar in 2024, driven by London’s dominance

Business Money highlighted Vacancysoft’s recent report on UK Finance Labour Market Trends, created in collaboration with Morgan McKinley.

Fintech has emerged as the top-performing segment in financial services this year. If the current recruitment trends persist, fintech job vacancies in 2024 are projected to be 37% higher nationwide compared to the previous year. Technology roles dominate the recruitment landscape within the fintech sector, making up 41% of all job vacancies. Data from the first four months of this year indicates a 41% rise in vacancy volumes compared to 2023, with London outpacing the rest of the UK.

Victoria Walmsley – managing director – Morgan McKinley comments:

“As we navigate through 2024, the fintech sector is experiencing dynamic shifts in recruitment, driven by technological advancements, regulatory changes, and evolving consumer behaviours. The demand for tech-savvy professionals has increased, reflecting the sector’s digital transformation. Companies seek expertise in AI, machine learning, and data analytics, along with compliance and risk management.”

Read the full article in Business Money.

The labour market data used in this press coverage was extracted from Vacancysoft Analytics. For more information or to book an interactive workshop, click here.

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