Fintech sector to swell to more than 100,000 employees by 2030

The UK fintech sector is set to grow to more than 100,000 employees by 2030 while the number of companies is expected to double to 3,300 by the same year, research reveals.

Calling on the UK to champion a flexible immigration system, Innovate Finance and WPI Economics, which conducted the research, said the sector was “highly dependant” on global talent, with 42 per cent of the 76,500 fintech employees hailing from outside the UK and 28 per cent from the European Economic Area.

The two bodies warn that a more rigid immigration policy could lead to losses of £361m to the sector and “harm the attractiveness of the UK as a place to do business”.

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