It is reported that the UK fintech industry is poised for significant growth. Hiring is projected to rise by 32% in 2025. This is due largely to increased demand for risk and compliance roles. The result of the series of cyber-attacks on major retailers that we are all aware of. A spokesperson for Morgan McKinley UK, said: “This isn’t a hype-driven rebound, it’s a grounded response to real-world pressures.” It is predicted that there will be a 29% increase in risk and compliance staffing this year. This will be accompanied by a 50% surge in demand for financial anti-crime professionals. Overall, fintech employment is expected to grow by 19.4% in 2025. Companies expected to lead the charge in new hires include the likes of Deel, Starling, and Monzo.
iBOSS Comment:
Talking to cyber security experts recently it is undoubtedly the case that this continues to be a major concern to many companies. One problem is that, to-date, it appears that the ‘Hackers’ have managed to keep at least one step ahead of the security teams. Having insurance is all very well, but it does not compensate for the inability to satisfy customer needs. Without doubt it will become increasingly expensive in the future. We at iBOSS are most definitely not IT security experts, but we know people who are! So, if you are having problems finding someone to talk to on this, then give us a call. Contact us either on 07876 503830 or complete the enquiry form on our web site www.theiboss.co.uk . We will be happy to see if we can point you in the right direction.