The British sector Fintech experienced a 44% increase in vacant positions in 2024, driven by venture capital investment and AI, according to a report by recruiter Morgan McKinley.
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Fintech vacant posts reached 12,519 last year, against only 8,672 in 2023, according to the report, produced by Morgan McKinley with analysts of the Vancancysoft market.
The increase was motivated by an increase in funding for venture capital, a generalized adoption of AI and automation, and the continuous fragmentation of the sector, which favored the emergence of new businesses. Fintech has become a magnet for talents, especially in commercial roles.
Wise recorded a 225% increase in vacancies, reaching 335 roles, while Ebury Partners posted an increase of 148% to 286 roles. Business development and sales roles have dominated, representing 1,277 vacant positions – an increase of 54% in annual slipping and 10% of all openings.
Unlike fintech, banking posts decreased by 11% in 2024 to 37,901, reflecting current restructuring and regulatory challenges.
The roles of risk and conformity, which have traditionally dominated hiring, experienced a sharp decline of 20%, reflecting a reduced regulatory activity. However, IT operations and development have shown more resilience, increasing by six percent and two percent.
The main players such as Natwest and Barclays displayed a sharp drop in job offers, with reductions of 51% and 45%, reflecting continuous restructuring at the industry level. Lloyds Banking Group reported a lower drop by 19%.
The accounting sector rebounded in 2024, with a 29% increase in vacant posts, reaching its highest request in five years, representing 54% of all openings