Authors: Yllka Hysaj*, University of Bristol, Jonathan Beaverstock, Professor, Gregory Schwartz, Senior Lecture
Topics: Economic Geography, Business Geography, Europe
Keywords: Fintech, Talent Mobility, London
Session Type: Paper
Presentation File: No File Uploaded
The difficulties defining the exact scope of FinTech makes it challenging to quantify the size of the market. Nevertheless, 76,500 people work in FinTech UK-wide, a number that is set to grow to 105,500 by 2030 according to an Innovate Finance/WPI Economics joint report in 2018. Yet there are no studies and primary data in relation to the nature of the Fintech labour market characteristics in comparison to its business model, products and regulation. The competitiveness of Fintech depends on its talented employees, whether in ‘fin’ or ‘tech’. In this paper, we will introduce the significance of talent to Fintech and bridge the gap between the global talent mobility phenomenon and its implications in the London FinTech sector. The originality of this study is the focus on talent in Fintech, and its contribution to future economic development and competitiveness of the London district.