FinTech Futures Jobs: Demand for tech workers is strong, putting employees in the driving seat

Despite the onslaught of tech layoffs from some of the biggest and most financially stable organisations across the globe, fintech on the whole remains robust, especially in the UK thanks to London’s position as a superhub.

Click on the image to see all the vacancies on the Fintech Futures Jobs portal

The capital is the second highest-ranking fintech ecosystem globally with the highest concentration of financial and professional services firms.

In fact, recent analysis conducted by Deloitte shows that there are currently over 2,500 fintech companies across the UK, with Edinburgh and Glasgow, Manchester and Leeds, and Birmingham being positioned as “established clusters”. Newcastle and Durham, Wales, Cambridge, Bristol, Reading, and Northern Ireland have been identified as “emerging clusters”, further bolstering the sector.

So what does this mean for tech workers hoping to change jobs, or indeed find something new as a result of redundancy? According to data compiled by ManpowerGroup, IT and tech businesses across the UK plan on increasing their collective headcount by 49% overall.

The changing face of fintech

With wealthtech and paytech firms accounting for more than 50% of all UK fintechs, the B2B fintech sector is outperforming its B2C counterpart four times over. That’s according to Dealroom, which found that fintechs selling to businesses have eclipsed those selling to customers to the tune of a collective £11.5 billion versus £2.6 billion, the lowest figure B2Cs have commanded since 2015.

This is despite the fact that compared to other European countries, the UK has a higher-than-average consumer adoption rate when it comes to fintech products and services, according to data from Statista.

However, B2B fintech is less fragile when faced with external influences like central bank rate hikes, rising inflation and reduced consumer spending.

It’s clear to see that companies focusing on the software that powers payment processes instead of the customers that will eventually use it are putting themselves in a much stronger position.

This means that for those looking for longevity in their career, B2B fintech provides more security than B2C, which saw the likes of Stripe and Klarna lay off thousands of workers 2022.

Cybersecurity

With financial crime and cyberattacks on the rise, cybersecurity is also a growth area for tech workers looking to future-proof their careers.

According to a survey of financial institutions by financial crime and fraud risk detention firm ComplyAdvantage, 100% of UK financial compliance professionals are re-evaluating their approach to financial crime risk and 62% of UK compliance teams are preparing for a rise in financial crime.

The research also highlighted that cybercrime, investment scams, and identity theft are the top offences UK firms are screening for, meaning those who can provide the necessary technical support will be more in demand than ever.

Ready to capitalise on the UK’s strong market position and find your next role? Below we’re detailing three fintech companies that are currently hiring, and you can find hundreds more on the Fintech Futures Job Board.

Ripple

Ripple is on a mission to enable payments via blockchain technology. Its rapidly growing network of financial institutions means it is increasing economic inclusion for more people, in more places around the world, and as such is hiring extensively for its London office.

Whether you’re leading a team, advancing product infrastructure, or using data to enhance products, there are several ways you can get involved.

Discover opportunities at Ripple here.

GoCardless

Not only does GoCardless let businesses send and receive domestic and international payments directly between bank accounts, it also wants to make open banking more accessible to customers.

Used by 75,000 organisations and responsible for processing more than £24 billion of payments across 30 countries, the London-based fintech company also has offices in Riga, Paris, Melbourne, and New York.

Employees enjoy a values-led culture including equity in the company, extensive parental leave, flexible working hours, and the ability to work anywhere in the world for up to 90 days per year.

Find out more about a career at GoCardless here.

Starling Bank

Whether you’re an engineer or a product manager, Starling Bank’s aim is to build a new kind of bank that harnesses technology to help people spend, save, and manage their money more efficiently.

Although a fully licensed UK bank, Starling describes itself as a fast-moving, disruptive tech company and currently employs more than 2,300 people across its London, Southampton, Cardiff, and Manchester offices.

Discover open roles at Starling Bank here.

For hundreds more opportunities across fintech, visit the Fintech Futures Job Board today.