Fintech has become the fastest growing sector in our economy. London has positioned itself as a global hub for fintech startups, on course to be on a par San Francisco, the current global leader in this space.
In a landscape that has faced political, financial and regulatory challenges, this is a welcome success story. Fintech created a 61% increase in jobs last year in London and a further 18% outside of the capital. The growth is set to continue with a prediction that over half of payment servicer providers will be solely digital in the UK by 2020.
While the roles vary across IT, business support, marketing, HR, accounting, insurance, sales and banking, there has been a 40% increase in legal roles and we have seen a substantial increase in technical generalist compliance (including financial crime) contracts coming to market.
With the speed in which fintech is growing, we are seeing subsequent growth in the demand for consultancy support. We have access to many talented consultants with fintech experience and skillsets for firms that need more hands-on deck or specialist expertise. If you would like to bolster your team’s capabilities, please get in touch.