Central banks struggle to retain fintech talent

Private sector competition lures employees away

Holding onto fintech staff is tough for central banks, no matter where in the world they are. The Fintech & IT Benchmarks 2021 found that 70% of institutions in emerging economies have difficulty retaining fintech staff, with 67% of those in advanced economies saying the same.

Issues identified by central banks as challenges to retention include competitive salaries elsewhere (cited by 31% of respondents), private sector opportunities (26%) and career progression (12%). Three banks stressed a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: