City AM: UK fintech job vacancies surge as investors flock back to London

City AM highlighted Vacancysoft’s latest report on UK Finance Labour Market Trends, created in collaboration with Morgan McKinley.

Fintech is dominating the UK financial services sector in 2024, emerging as the top-performing category for job openings. London is at the forefront of this growth, experiencing a significant 61% year-on-year increase in fintech job vacancies from January to April. The technology sector is also thriving, with a notable 41% rise in vacancies, primarily driven by development and engineering roles. Conversely, IT security recruitment has seen a modest growth of 8%, indicating a slower pace compared to other tech roles.

Victoria Walmsley, managing director at Morgan McKinley said:

“As we navigate through 2024, the fintech sector is experiencing dynamic shifts in recruitment, driven by technological advancements, regulatory changes, and evolving consumer behaviours.

Companies seek expertise in AI, machine learning, and data analytics, along with compliance and risk management. The continuous push towards digital banking and heightened cybersecurity threats are key drivers of these trends.

Looking ahead, emerging technologies like blockchain and the internet of things will drive further demand for specialised talent. The fintech sector is poised for sustained growth, with opportunities for remote and internationally diverse talent.”

Read the full article in City AM.

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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