Majority of SG fintech firms cite business growth as top hiring drivers

Change in Business Priority was cited as having the most impact.

Over the next year, the primary factors influencing financial technology hiring strategies are Change in Business Priority and Business growth and expansion, with a clear majority—70% for each factor—reporting a moderate or high impact, according to a Singapore Fintech Association report.

Specifically, Change in Business Priority was cited as having the Most Impact by the largest share of respondents at 39%.

Budget constraints or cost optimisation is also a major concern, with 69% rating its impact as moderate or high, and notably, 54% cited it as Moderately Impacted.

Whilst a combined 54% reported that Geopolitical shifts and macroeconomic changes will moderately or most impact their strategy, this factor's influence is notably lower than the top three.

Conversely, Talent availability or skills shortages is seen as the least critical driver; only 8% cited it as having the Most Impact, and overall, only 39% rated its impact as moderate or high.

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