Blockchain surge driving recruitment demand

Half of financial services directors in the UK have already implemented blockchain and nearly a third plan to invest in this area in the future, driving up demand for finance professionals with technology skills, according to research from Robert Half Financial Services

The recruitment consultancy’s poll of over 100 finance services leaders found 52% had adopted blockchain, due to the ability to facilitate transactions combined with the speed and cost benefits. Nearly a third (30%) are planning to invest in in the future and 14% admit they should be considering investment despite having no plans for it at the moment.

As a result, organisations are seeking out financial services professionals with a deep understanding of the principles surrounding blockchain systems listing technology trading (51%) and programming (47%) as the skills most in demand.

Overall, 85% of financial services executives believe blockchain will have made a genuine impact on the financial services industry by 2022. Those that have implemented blockchain report already experiencing benefits including empowered users (54%), increased transparency (54%) and faster transactions (42%).

Matt Weston, director at Robert Half Financial Services, said: ‘Automation is changing the face of business, and particularly so within the skills and roles within the financial services industry.

‘With financial crime and compliance high on the priority lists for many senior leaders in financial services, attracting skilled specialists to support the implantation is key.’ 

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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