Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the shift in recruitment within the financial technology sector towards payments infrastructure, engineering and operational resilience roles.

The UK has a long history as a powerhouse of financial services innovation, which has made the UK one of the most attractive locations worldwide for Fintechs to start, scale, list, and stay. The Financial Services Growth and Competitiveness Strategy set out a comprehensive package of reforms to maintain the UK’s global leadership in Fintech.

The Government is committed to ensuring the UK is at the forefront of transformation, so that consumers and businesses benefit from faster, cheaper and more seamless financial technology. This includes in sectors such as payments, where the Government is implementing its National Payments Vision.

Hiring decisions in the Fintech sector are ultimately a matter for individual firms.