Companies are increasingly hiring for artificial intelligence roles in the cards & payments sector, but some parts of the world are proving more attractive than others
Artificial intelligence is an area which has seen rapid growth across a variety of industries in recent years – not least among banks, payment providers, cards programmes and processors companies.
Figures show that the number of new artificial intelligence roles being advertised for these companies has increased in recent months – with firms across the industry looking to expand their capabilities.
The number of newly advertised roles stood at 6,736 in Q1 2021. That’s up from 4,451 in Q4 2020 and up from from 4,009 in Q3 2020.
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 artificial intelligence, 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.
Where are companies hiring for artificial intelligence careers in cards & payments?
Looking across key banks, payment providers, cards programmes and processors companies tracked by GlobalData, the US is currently seeing the largest number of artificial intelligence job advertisements. Last quarter the country saw 2,940 advertisements - up from 2,092 in Q4 2020 and 1,767 in Q3 2020.
On a city level, Bengaluru (India) had the most newly advertised artificial intelligence roles in Q1 2021 with 305, followed by Singapore, (Singapore) with 232, and Chennai, (India) with 189.
Where is seeing the most growth for artificial intelligence roles in cards & payments?
The biggest growth area has been in the US - which saw 2,088 job adverts for artificial intelligence in Q4 2020, increasing to 2,940 in Q1 2021.
In terms of cities, firms are increasing artificial intelligence hires in York - with 39 roles in the latest quarter - up from zero in the previous one.