UK fintech firms are gearing up for a surge in recruitment, with professional hiring expected to jump by 32 percent. Despite lingering economic uncertainty and a cautious investment climate, companies are pressing ahead with growth plans, driven by mounting compliance demands and the need to bolster cybersecurity.
That’s the picture painted by the latest fintech report from Morgan McKinley and labour market experts Vacancysoft. The research notes how fintechs are shifting from their early, fast-paced start-up phase to more mature, regulated models focused on revenue generation.
While venture capital funding is still below historical norms – particularly for fledgling start-ups – fintechs are pushing ahead strategically. New hires are being driven by product development, operational expansion, and the increasingly complex compliance landscape.
Fighting fraud
Technology roles are expected to see even sharper growth, with hiring forecast to rise by 39 percent. Cybersecurity in particular is emerging as a top priority, alongside roles in engineering, development and IT management.
A month on since a major cyberattack against retail giant Marks&Spencer became front page news, risk and compliance are firmly in the spotlight with hiring in these areas projected to rise by 29 percent in 2025.
The demand for specialists in financial crime is set to soar by 50%, while roles focused on fraud are expected to double. This surge is a clear sign of the intense pressure fintechs face to keep pace with evolving regulatory standards and to protect against growing financial threats.
A divided fintech jobs market
Hiring trends across the sector are far from uniform. Companies like FNZ, Wise, Deel and Ebury Partners are driving headcount up by anywhere between 40 percent and 120 percent, leveraging global expansion and strong product demand. Others, meanwhile, are tightening the reins, focusing on cost control and adopting a cautious approach to recruitment amid tighter fundraising conditions.
Where firms are hiring, they’re doing so with precision. Investment is being channelled into high-impact areas such as compliance, product engineering and cybersecurity, while generalist roles are seeing little to no growth – and in some cases, are under review for cost efficiency.
Mark Astbury, Director at Morgan McKinley UK, said, “Despite geopolitical tensions and cautious investor sentiment, the UK fintech sector is showing remarkable resilience. A projected 32% increase in professional hiring – led by London but reflected nationwide – points to a market that’s moving from rapid scaling to more strategic growth, especially in compliance, cybersecurity and engineering.”
This, he added, is no hype-fuelled hiring spree, but rather a “considerate response” to real challenges.
“The surge in fraud risk and compliance roles, along with double-digit growth in IT security and engineering, highlights an industry that’s maturing – not just growing for growth’s sake, but adapting to both challenges and opportunities.”
