The global fintech sector employs over 300,000 people, more than the number of employees in some cities.
In an analysis of a report from the Centre for Finance, Technology and Entrepreneurship, MoneyTransfers.com said the fintech sector employs more people than the cities of Zurich (97,000) and Frankfurt (83,000) combined.
The money transfer provider found that North America is the continent that has the highest number of fintech employees (160,000) and job openings (20,000).
This was followed by Asia with 70,000 employees and 9,000 openings, with Europe and South America close behind with 40,000 and 20,000 fintech employees respectively.
The fintech sector now makes up 38 per cent of banks, up from three per cent in 2010, and within the fintech industry, 80 per cent of the jobs are tech roles.
Fintech companies in the blockchain and buy-now-pay-later sectors have the largest share of technical jobs, with the majority in the engineering department.
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“The fintech industry has been growing by leaps over the last few years, as new technologies like blockchain take the world over by storm,” MoneyTransfers.com said in a blog on its website.
“The emerging innovations bring about numerous opportunities, including job opportunities for many people globally.”