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May 10, 2022updated 09 May 2022 10:34am

South & Central America is seeing a hiring boom in offshore industry fintech roles

Some parts of the world are investing more heavily in fintech roles than others

By Data Journalism Team

South & Central America was the fastest growing region for fintech hiring among offshore industry companies in the three months ending March.

The number of roles in South & Central America made up 25% of total fintech jobs – up from 0% in the same quarter last year.

That was followed by North America, which saw a -1.1 year-on-year percentage point change in fintech roles.

The figures are compiled by GlobalData, which tracks the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries. These key themes, which include fintech, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements, it allows us to see which companies are leading the way on specific issues and which are dragging their heels – and importantly where the market is expanding and contracting.

Which countries are seeing the most growth for fintech job ads in the offshore industry?

The fastest growing country was Brazil, which saw 0% of all fintech job adverts in the three months ending March 2021, increasing to 5% in the three months ending March this year.

That was followed by Portugal (up 5 percentage points), Singapore (5), and Poland (2.8).

The top country for fintech roles in the offshore industry is Poland, which saw 25% of all roles advertised in the three months ending March.

Which cities are the biggest hubs for fintech workers in the offshore industry?

Some 25% of all offshore industry fintech roles were advertised in Wroclaw (Poland) in the three months ending March.

That was followed by Taguig (Philippines) with 25%, Maplewood (US) with 10%, and Itapetininga (Brazil) with 5%.

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