Central banks face challenges in hiring and retaining fintech staff

Over half of institutions recruit fintech professionals internally

Recruitment and retention of fintech talents are some of the challenges confronting most central banks, the Fintech Benchmarks 2024 finds.

Nearly two-thirds (63.6%) of 33 respondents say they struggle to recruit fintech talent. Only 12 (36.4%) institutions say they do not. 

Twenty-eight central banks answered the question on fintech talent retention. Of these, 19 (67.9%) say they struggle to retain staff. Nine (32.1%) central banks are without these issues. 

Among the 32 respondents to the

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