London is seeing a marked resurgence in fintech growth, according to data released this week. Figures from recruiter Morgan McKinley show a Fintech job vacancies up 61% year-on-year in the city between January and April.*
Commenting on the results, Vijay Ray, Managing Partner at audit, tax and advisory firm RSM UK, said: “This data is further evidence that London is experiencing a resurgence as a fintech capital in Europe. RSM’s own data revealed that tech incorporations in the UK recently hit a record high, up 22% nationally and 26% in London Last year, London was losing ground as a financial hub, with the pandemic and Brexit leading to an exodus to the capital. The UK’s economic instability has seen the financial services sector move to other European financial centres such as Frankfurt, Paris and Geneva. With the UK now attracting more investment in fintech startups, London is once again cementing itself as Europe’s leading fintech hub, and this huge increase in vacancies shows that there are plenty of opportunities for those with the right skills. Until recently, there were growing concerns about a ‘brain drain’ of fintech skills from the UK, so it’s great to see this surge in fintech opportunities attracting skilled people back to the capital.