UK’s Fintech Faces Talent Crunch, Says Industry Guru

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.