North America extended its dominance for fintech hiring among retail banking firms in the three months to May.
The number of jobs in North America accounted for 71.8% of total fintech jobs, up from 64.4% in the same quarter last year.
This was followed by Europe, which saw a year-over-year change of 1.8 percentage points in fintech roles.
The figures are compiled by GlobalData, which tracks the number of new job postings from key companies in various sectors over time. Using textual analysis, these job postings are then categorized by topic.
GlobalData’s thematic approach to industry activity aims to group key company information by topic to see which companies are best positioned to weather the coming disruptions in their industries.
These key themes, which include fintech, are chosen to cover “any issue that keeps a CEO up at night.”
Tracking them through job postings allows us to see which companies are leading the way on specific issues and which are dragging their feet – and more importantly where the market is growing and contracting.
Which countries are experiencing the fastest growth in fintech retail banking job openings?
The fastest growing country was the United States, which saw 57.1% of all fintech job openings in the three months ending May 2021, rising to 62, 9% in the three months ending May this year.
Next come Canada (up 1.5 percentage points), the United Kingdom (1.4) and Singapore (1).
The top country for fintech roles in retail banking is the United States, which saw 62.9% of all advertised positions in the three months ending May.
Which cities and locations are the biggest hubs for fintech workers in retail banking?
Some 5.5% of all retail banking fintech jobs were advertised in Austin (US) in the three months to May.
Next come Bengaluru (India) with 4.8%, Foster City (United States) with 3.5% and Singapore (Singapore) with 2.8%.