The UK’s fintech sector is at risk of a talent shortage as there is a growing discrepancy between the demand for digital skills and the supply of talent, according to Charlotte Crosswell, chair of the Centre for Finance, Innovation and Technology (CFIT). Tech firms across the country are experiencing a severe labor shortage, which has been exacerbated since Brexit hindered the free movement of talent from Europe. Crosswell emphasized the need for closer collaboration between the fintech industry and academic institutions to bridge the skills gap. UK ministers have been actively working to attract global talent to the tech sector, introducing programs such as the ‘High Potential Visa’ and the Global Talent Visa to facilitate the movement of highly skilled workers to the UK.
Related Posts
Bitcoin: Shaping Fintech and Broadly Transforming the Economy
- Richard Skip
- December 16, 2023
- 0
Bitcoin is reshaping the fintech industry with its decentralized nature, global acceptance, and secure infrastructure. The cryptocurrency offers benefits such as financial inclusivity, efficient cross-border […]
SpyCloud: Ex-FBI Agent Reveals Hidden Strategies of Cyberworld
- Richard Skip
- December 15, 2023
- 0
In an interview with FinTech Magazine, Trevor Hilligoss, the Vice President of SpyCloud Labs, and a former FBI agent, identified common cyber threats and advised […]
Hot off the press: The Bank of 20XX in The Fintech Magazine!
- Richard Skip
- December 21, 2023
- 0
Key Points: Banks are at a pivotal point of change and must choose between being commoditised by fintech players or embracing a strategy of co-opetition […]