Fintechs in the UK and Singapore are struggling to recruit talent against incumbent banks and big tech companies:
in graduates with the required tech skills in the sector moving to the UK, while a net migration of these graduates to the EU has been witnessed by UK hiring personnel and recruiters.
This issue is likely fueled by the fact that fintechs often have to compete with larger companies, such as incumbent banks and big tech firms, for talent. As incumbent banks look to digitize their businesses and big tech companies move deeper into the finance world, they're increasingly competing with fintechs for the same talent.
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