Fintech vacancies surged to 12,519 in 2024, up from 8,672 the previous year, driven by increased venture capital funding, AI adoption, and industry fragmentation, according to a report by Morgan McKinley and Vacancysoft.
Nearly two-thirds (63%) of UK financial institutions now invest in AI, up from 32% in 2023, according to a new market trends report by Morgan McKinley and Vacancysoft
With former President Trump moving to implement his policy agenda, initial measures have already been set in motion. He has declared a state of emergency at the border, leveraging his executive powers to impose tariffs on Canada, China, and Mexico, with the European Union (EU) now in his sights.
Amid a wave of announcements, the most disruptive to the international order is arguably the president’s declaration that global taxation frameworks must be reformed. Specifically, he plans to double taxes on foreign nationals and companies that engage in discriminatory practices against U.S. businesses.
The announcement by the Labour party regarding increasing investment into AI will be welcome news for the industry. Similarly, with over 1,300 AI companies already established in London The UK tech sector overall is now worth £1 trillion and with VC firms are scaling up their funds, indicating that 2025 is set to be a bumper year for investment as UK-based venture capital firms raised $11.3bn in dry powder, a 59% increase from last year.
