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The Fintech Job Report 2021

As the world’s first Fintech job report, we highlighted the key findings in the FinTech industry, the potential job roles, and relevant employability skills needed to aid with future job creation and opportunities for governments, regulators, employers, and candidates.

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Released

The Fintech Job Report 2021

As the world’s first Fintech job report, we highlighted the key findings in the Fintech industry, the potential job roles, and relevant employability skills needed to aid with future job creation and opportunities for governments, regulators, employers, and candidates.

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Fintech employs more people than financial centres

Technology is eating finance

Understanding of the Fintech job market will allow smoother processes in equipping with skills, hiring and working in the Fintech industry for governments, regulators, employers, and candidates thus the creation of this report by CFTE.

The main goals of the Fintech job report are to:

  • Identify the different job roles within Fintech,
  • Provide insights into the transformation of jobs in financial services and
  • Uncover the skills required for these Fintech jobs in line with the trends from the Fintech industry.

The report analyses findings on these key issues:

  1. The growth of Fintech,
  2. The jobs in Fintech,
  3. The skills in Fintech

Explore the report

In the News

FinTech is not destroying or even disrupting banking. I think it is changing and evolving banking into something else. It is creating a new banking market based upon choice and service. It is lowering the access to banking so finance can be offered to all, and it is extending finance into every niche and corridor it is needed. In other words, the valuations of FinTech firms are not displacing the old banks; it is adding new layers and levels to banking, and the valuations reflect the digital reach and vision, rather than the industrial past…

Speaking at the festival, CFTE co-founder Huy Nguyen Trieu said the report, which analysed jobs found in 225 of the largest fintech firms, revealed a huge need for talent across fintech.

He noted that the surveyed fintech start-ups collectively employ more than 300,000 people globally and are looking to hire an additional 40,000 people. He further estimated that these companies could likely end up recruiting as many as between 80,000 and 100,000 people this year.

However, the research was challenging from the get-go, due to the lack of job taxonomy in fintech, unlike in traditional financial services. Nguyen Trieu, a former Citi managing director, explained that this is because jobs in fintechs are not as well defined and standardised as those at large banks, which have been around for a long time…

CFTE analysed the 225 largest Fintech companies, representing $2.7T of market capitalisation, and identified 40,000 jobs offered by these companies. The research found that jobs in Fintech are much closer to jobs in tech companies rather than financial services, leading to the conclusion that “technology is eating finance” both in the innovation and recruitment trends. It also showed that Fintech provides an opportunity for many individuals to create, start, grow and pivot into the industry…

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