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  1. Analysis
July 26, 2022

North America is seeing a hiring boom in private banking industry fintech roles

Some parts of the world are investing more heavily in fintech roles than others

By Data Journalism Team

North America extended its dominance for fintech hiring among private banking industry companies in the three months ending May.

The number of roles hiring in North America made up 77% of total fintech jobs – up from 65.9% in the same quarter last year.

That was followed by Europe, which saw a 1.2 year-on-year percentage point change in fintech roles.

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include fintech, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels - and importantly where the market is expanding and contracting.

Which countries are seeing the most growth for fintech job ads in the private banking industry?

The fastest growing country was the United States, which saw 57% of all fintech job adverts in the three months ending May 2021, increasing to 63.2% in the three months ending May this year.

That was followed by Canada (up 5 percentage points), Germany (0.8), and Colombia (0.7).

The top country for fintech roles in the private banking industry is the United States which saw 63.2% of all roles advertised in the three months ending May.

Which cities and locations are the biggest hubs for fintech workers in the private banking industry?

Some 2.5% of all private banking industry fintech roles were advertised in Toronto (Canada) in the three months ending May.

That was followed by Singapore (Singapore) with 1.6%, San Francisco (United States) with 1.4%, and Charlotte (United States) with 1.3%.

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