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  1. Analysis
July 22, 2022

North America is seeing a hiring boom in payment 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 payment industry companies in the three months ending May.

The number of roles in North America made up 70.6% of total fintech jobs – up from 64.1% in the same quarter last year.

That was followed by Europe, which saw a 1.7 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 payment industry?

The fastest growing country was the United States, which saw 57.2% of all fintech job adverts in the three months ending May 2021, increasing to 62.2% in the three months ending May this year.

That was followed by Canada (up 1.5 percentage points), the UK (1.5), and Singapore (0.9).

The top country for fintech roles in the payment industry is the United States which saw 62.2% of all roles advertised in the three months ending May.

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

Some 5.5% of all payment industry fintech roles were advertised in Austin (US) in the three months ending May.

That was followed by Bengaluru (India) with 4.8%, Foster City (US) with 3.5%, and Singapore (Singapore) with 2.8%.

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