Future Finance
Fintechs Ramp Up Hiring as Big Banks Cut Jobs
- With 61% jump in slots, industry was London’s fastest growing
- Salaries rising to attact talent to U.K. amid Brexit worries
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As many of Europe’s biggest financial firms trim staff and brace for Brexit, their emerging competitors are charging ahead at full speed.
Fintech, a broad category encompassing businesses from mobile banks to peer-to-peer lenders, hired aggressively in the first quarter in the U.K., Europe’s fintech hub, according to Ollie Sexton, a principal at recruitment consultancy Robert Walters. That follows a 61 percent increase in new fintech roles in 2018 that made it the fastest-growing part of London’s pre-Brexit economy, according to a report this week from Robert Walters and Vacancysoft, which provides data on recruitment.