Payments Awards

PSD2 drives Fintech demand

Written by Mark Evans
29/03/2018

The second Payment Services Directive (PSD2) is being held responsible for a surge in demand for fintech skills.

Vacancies for roles requiring fintech skills have risen by over 73 per cent year-on-year over the last six months, and the financial services industry is facing potential shortfalls in certain areas.

With PSD2: The second directive has shaken up the industry, enabling third parties access to customer data which has seen a huge rise in skills needed such as API development (70 per cent), API testing (83 per cent) and API integration (107 per cent).

Bitcoin has seen increases in demand for roles jump 246 per cent, and cryptocurrencies in general have demand increasing 340 per cent. Related to this, Blockchain is the specialist expertise most in demand, with vacancies up by 348 per cent. However it is Ethereum that has shown the greatest interest, with roles increasing by 970 per cent.

The results, from money transfer company Xpress Money, paint a rather optimistic picture of the UK’s technology sector.