FinTech Futures Jobs: Three fintech careers to consider for 2023
While the recent tech layoffs around the globe are a cause for concern, fintech in the UK is booming.
Click on the image to see all the vacancies on the Fintech Futures Jobs portal
Recent data compiled by Deloitte as part of the government’s Kalifa Review shows that there are currently over 2,500 fintech companies across the UK. London has established itself as a “superhub” and is the second highest-ranking fintech ecosystem globally with the highest concentration of financial and professional services firms.
Deloitte also identified additional “established clusters” in Edinburgh, Glasgow, Manchester, Leeds and Birmingham and “emerging clusters” in Newcastle, Durham, Wales, Cambridge, Bristol, Reading and Northern Ireland, further strengthening the sector.
With wealthtech and paytech firms accounting for more than 50% of all UK fintechs, B2B is outperforming B2C four times over—according to Dealroom. Fintechs selling to businesses have attracted £11.5 billion in investment compared to £2.6 billion for fintechs selling to consumers, the lowest figure B2C has commanded since 2015.
B2B fintech is also less susceptible to external influences like rising inflation, central bank hikes and reduced consumer spending, while its infrastructural nature means companies focusing on the software that powers payment processes instead of the customers that will eventually use it organically cushions it from any kind of volatility in the neobanking sector.
Cloud and cybersecurity
The growing threat of security breaches means fintech companies are increasingly contingent on protecting digital data and creating the software required to protect financial institutions. Despite this growth in the cybersecurity sector, 43% of organisations globally are struggling to find top talent, meaning an even greater reliance on automation and managed security tools.
AI and machine learning
Fintech is increasingly relying on AI and machine learning to provide innovative solutions. One area in particular where AI has proved invaluable is regtech within the financial industry. AI technology can help with compliance costs, credit risk assessment and fraud detection. AI-powered personalisation is also another area that looks set to surge in 2023 and beyond as financial institutions turn to AI to help customers over automated chatbots or hard-to-reach customer helplines.
Blockchain
Experts predict that 2023 will see blockchain technology reach its technological tipping point and become one of the fastest growing sectors over the next decade to the tune of £5 trillion globally. While cryptocurrency has dominated the sector up to this point, the growing need for blockchain technology to power Web3 will bolster this new era of decentralised finance even further.
All of this information points to one thing: for tech workers considering a career change in 2023, fintech is ripe with opportunity, particularly in the fields of cloud, cybersecurity, AI and blockchain technology. So, if you’re looking for a way to transfer your skills into a career in fintech, check out the Fintech Futures Job Board, or check out the three roles below that are currently hiring.
Cloud Security Operations Analyst, GoCardless, London
As the global leader in account-to-account payments, GoCardless processes $24.5 billion of payments across more than 30 countries. It’s currently recruiting a Cloud Security Operations Analyst to participate in the design, development and implementation of cloud security architecture, strategy and standards. Working within a small, collaborative security and privacy team, you will be involved in the end-to-end process of security operations; from defining the company’s security use cases through to incident response. You will also work closely with the security operations manager to ensure GoCardless takes a data-driven approach to presenting its cloud security posture. See the full job spec here.
Senior Software Engineer (Backend), Peak AI, Manchester
Peak is growing rapidly following a £61.5 million Series C funding round led by SoftBank. Having just launched a new software category, Decision Intelligence, the Senior Software Engineer (Backend) will help bridge the gap between traditional software engineering and the emerging world of AI. Advanced knowledge of Node.js and TypeScript along with a solid understanding of microservices, event-driven architecture and distributed systems are also required. Find out more here.
Senior Engineer, Data Engineering, Ripple, London
Ripple is looking for a Senior Engineer to help build scalable data infrastructure. Data is core to everything that Ripple does and you will design and mentor the data engineers and data ops pods that will be at the centre of the firm’s data operations. You will incorporate best practices, learn about and leverage new technologies and work with an experienced team of engineers. Four years’ experience in cloud technologies like AWS, GCP and Azure is required. Apply now.
For thousands more opportunities in fintech, visit the Fintech Futures Job Board today.
