London is outgunning Berlin in terms of the number of fintech jobs being posted, and the rate of fintech employment market growth, despite the UK’s move to exit the EU. German recruitment outfit Joblift reports that 3,370 fintech jobs were advertised in the UK capital in the 12 months to April 2017, compared to just 1,458 in Berlin.
“Berlin has been touted as London’s major competitor for the title of Europe’s finteh hub, given uncertain Brexit effects and Berlin’s expanding start-up scene,” says Joblift. “However, our research shows that London trumps the German capital.
However, those numbers do need caveating, given that recruitment levels likely reflect some investments planned prior to June 2016 – the Brexit effect may yet kick in, especially as the UK government has since adopted a particularly hard line with the rest of the EU. In fact, UK fintech association Innovate Finance recently reported that $783 million was invested in UK fintech last year, down steeply from $1.2 billion in 2015.
However, fintech types with a penchant for city buzz and wellness might well want to head to Berlin, which tops Savills rankings compiled along those two parameters, just edging out London.
And what is a ‘well’ city? according to Savills. “The most successful cities in the tech age have an element of ‘urban noir’ counter to traditional measures of quality of life,” the firm says. “For a true measure of a ‘well city’, we set physical factors (green space, pollution, crime, etc), as well as cost of living against measures of city vibrancy or ‘buzz’ (culture, nightlife, entertainment).”