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July 27, 2022updated 25 Jul 2022 12:38pm

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 extended its dominance for fintech hiring among offshore industry companies in the three months ending May.

The number of roles in South & Central America made up 55.9% of total fintech jobs – up from 0% in the same quarter last year.

That was followed by Europe, which saw a 14.7 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 Chile, which saw 0% of all fintech job adverts in the three months ending May 2021, increasing to 29.4% in the three months ending May this year.

That was followed by Poland (up 11.8 percentage points), Peru (8.8), and Brazil (5.9).

The top country for fintech roles in the offshore industry is Chile, which saw 29.4% of all roles advertised in the three months ending May.

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

Some 17.6% of all offshore industry fintech roles were advertised in Taguig (Philippines) in the three months ending May.

That was followed by Wroclaw (Poland) with 11.8%, Lima (Peru) with 8.8%, and Maplewood (US) with 5.9%.

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