Contractors have the edge on fintech projects

Freelance and contract IT workers appear to have their edge over their full-time counterparts in the nascent but maturing skills market of fintech, found Sonovate.

The recruitment finance provider said that quarter-on-quarter adverts by fintech firms for contract personnel were up by 64%, compared with a rise of 57% for permanent staff.

Contractors seem to be ahead in the pay stakes too, as the average advertised rate stands at £430 a day, whereas the average advertised salary is just shy of £60,000 a year.

But whether permanent or temporary, the IT opportunities at fintech firms offering the most money are IT Security, ERP and Technical Architecture (up to £600 a day for contractors).

“2015 was a crucial year for UK fintech,” says Sonovate’s co-CEO Richard Prime. “[But in 2016] we’ve seen clear increases in the industry’s overall investment, growth, and economic contribution.”