1. Analysis
May 9, 2022

Asia-Pacific is seeing a hiring boom in retail industry fintech roles

Some parts of the world are investing more heavily in fintech roles than others

By Data Journalism Team

Asia-Pacific extended its dominance for fintech hiring among retail industry companies in the three months ending March.

The number of roles in Asia-Pacific made up 43% of total fintech jobs – up from 27.6% in the same quarter last year.

That was followed by Europe, which saw a 1.5 year-on-year percentage point change in fintech roles.

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include fintech, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels - and importantly where the market is expanding and contracting.

Which countries are seeing the most growth for fintech job ads in the retail industry?

The fastest growing country was the United States, which saw 27.6% of all fintech job adverts in the three months ending March 2021, increasing to 36.7% in the three months ending March this year.

That was followed by Singapore (up 6.3 percentage points), India (5), and Hong Kong (3.8).

The top country for fintech roles in the retail industry is the United States which saw 36.7% of all roles advertised in the three months ending March.

Which cities are the biggest hubs for fintech workers in the retail industry?

Some 15.2% of all retail industry fintech roles were advertised in Bengaluru (India) in the three months ending March.

That was followed by Gurgaon (India) with 10.1%, Seattle (United States) with 8.9%, and Singapore (Singapore) with 6.3%.