1. Analysis
July 26, 2022

Europe 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

Europe was the fastest growing region for fintech hiring among retail industry companies in the three months ending May.

The number of roles in Europe made up 20.7% of total fintech jobs – up from 3.4% in the same quarter last year.

That was followed by Asia-Pacific, which saw a 3.2 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 Kingdom, which saw 2.3% of all fintech job adverts in the three months ending May 2021, increasing to 20.7% in the three months ending May this year.

That was followed by India (up 9.5 percentage points), Singapore (1.9), and Hong Kong (0.9).

The top country for fintech roles in the retail industry is India which saw 34.8% of all roles advertised in the three months ending May.

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

Some 18.5% of all retail industry fintech roles were advertised in Stevenage (United Kingdom) in the three months ending May.

That was followed by Bengaluru (India) with 17.4%, Gurgaon (India) with 9.8%, and Singapore (Singapore) with 6.5%.