Report highlights tech skills shortage

The financial services sector faces a potential shortage of skilled technologists and data analysts over the next five years, according to as recently published report.

  4 Be the first to comment

Report highlights tech skills shortage

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The Luxembourg for Finance agency looked at changing trends in financial services and the new jobs that might emerge. It concluded that there is a "notable mismatch between current skillls and those required in the next five years".

This mismatch is most acute for roles requiring advanced data analysis and mathematical skills. 

The report, entitled Future Skills and Jobs in Finance, predicts that roles linked to automation will be in high demand but this will require not only "significant reskilling and upskilling on an industry level" but also a shift in education strategy. 

This means a greater focus on leadership skills and other social and emotional skills as well as financial literacy and technological know-how. 

The onus is not solely on new recruits, states the report. Financial institutions will also have to create a more personalised work experience for its employees if they are to attract top talent, something which is already stretching existing operating models. 

Want to see more fintech opportunities? Visit the Finextra Job Board for hundreds more roles, and bookmark the link for regular check-ins.

Sponsored [Webinar] Unifying Card Programmes: The cost-reduction imperative

Comments: (0)

[On-Demand Webinar] Solving the KYC challenge with end-to-end processesFinextra Promoted[On-Demand Webinar] Solving the KYC challenge with end-to-end processes