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UK fintech hiring to rise 14% in 2026 as neobanks slow

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KAREN JOY BACUDO

Finance Editor

UK fintech vacancies are forecast to rise by close to 14% in 2026, according to research by Morgan McKinley and Vacancysoft, led by payments infrastructure, engineering and anti-money laundering roles.

The findings suggest recruitment is shifting away from consumer neobanks and towards more operational and compliance-focused parts of the sector. Vacancies rose 28% in 2025, and early May data showed first-quarter hiring was running more than 13% above the same period a year earlier.

London is expected to remain the centre of demand, accounting for 71% of all fintech hiring. Vacancies in the capital are projected to rise 18%, compared with growth of less than 1% elsewhere in Britain.

The sector appears to be entering a more selective phase, with firms focusing on engineering, infrastructure, compliance and payments rather than broad-based expansion. That marks a shift from the rapid hiring seen at consumer-focused fintech businesses in recent years.

Compliance shift

Within compliance and banking functions, the picture is mixed. Legal, Risk & Compliance vacancies are forecast to fall 4% in 2026 after rising by close to 22% in 2025, while banking-related hiring is expected to decline by 8%.

At the same time, some specialist roles are expanding quickly. AML risk and compliance vacancies are projected to rise 28%, while Credit Analyst hiring is forecast to increase by nearly 46%.

The report linked that trend to greater regulatory scrutiny of digital lending, payments and stablecoins. It also said hiring in financial crime and credit risk is expected to ease after unusually strong growth in 2025.

Technology roles

Technology remains the biggest driver of hiring across fintech. IT vacancies are forecast to rise by more than 13% in 2026, with London absorbing most of that demand.

IT infrastructure roles are expected to record the fastest growth among major technology functions, climbing by close to 31%. IT development and engineering vacancies are forecast to increase by nearly 19%.

By contrast, IT support roles continue to lose ground. Their share of fintech vacancies has fallen from 17% to 9% over two years, as automation, outsourcing and cloud-based systems reduce demand for traditional support work.

Neobanks slow

Company data in the report suggests payments firms and SME-focused platforms are gaining ground on consumer neobanks in hiring. Several neobanks are now moderating recruitment after years of rapid expansion.

Radius is forecast to increase hiring by more than 42%, while SumUp Payments is projected to increase vacancies by nearly 28%. Ebury is expected to post a 32.1% increase, while Wise is forecast to grow hiring by 14.6%.

Crypto-linked businesses are also expanding. Payward, the operator of Kraken, is forecast to increase vacancies by nearly 91% as firms prepare for the Financial Conduct Authority’s evolving cryptoasset framework.

By contrast, Starling Bank and Monzo are both projected to reduce hiring in 2026. The pullback underscores a broader shift across the sector, as recruitment moves from customer growth and product roll-out towards infrastructure, controls and specialist operations.

“The UK fintech sector is entering a more disciplined and structurally selective phase of growth. This is not a slowdown in momentum, but a reorientation of where growth is occurring. Growth is increasingly concentrated in IT infrastructure and engineering roles, as firms prioritise resilience, scalability and cloud-native architecture over pure product expansion. Most significantly, the centre of gravity within fintech is shifting. Payment infrastructure providers and SME-focused platforms are now outpacing consumer neobanks, many of which are beginning to moderate hiring after years of rapid expansion,” Mark Astbury, Director of Project & Change Recruitment at Morgan McKinley, said.



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Rosa’s Thai is giving away 4000 free Pad Thais to students

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Celebrating both GCSE and A-Level Results Days, the chain will offer the popular dish to students who buy one of its bubble teas.

The free offer is available at all 42 Rosa’s Thai restaurants across England and Wales.

To avail of the free noodles, students need to register on Rosa’s Thai website for a unique code, which they should present at the restaurant together with a copy of their results.

Rosa’s Thai has a new range of bubble tea flavours, including Ube-Taro, Matcha-Coconut, Mango Sticky Rice, and Milo Chocolate Milk, as well as favourites like Home-brewed Thai Tea with Tapioca, and Lychee Mango with mango boba.

Students can sign up for their free Pad Thai at rosasthai.com/result-day-free-pad-thai and find their nearest restaurant at rosasthai.com/locations.





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Historic coin company enters administration after 20 years

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The London Mint Office, which distributes commemorative coins and medals, appointed administrators on July 31 after 20 years in business.

The company’s website now displays a message confirming the appointment of Michael Magnay and Jonny Marston of Alvarez & Marsal Europe LLP as joint administrators.

A spokesman for Alvarez and Marsal said: “On July 31 2026, Michael Magnay and Jonny Marston of Alvarez & Marsal Europe LLP were appointed as Joint Administrators of The London Mint Office Limited in administration (the “Company”).

“Regrettably, the Company’s liquidity challenges have led to a number of immediate redundancies. We are supporting the affected employees through the redundancy process.


What Happens When a Company Goes Into Administration?


“The affairs, business and property of the Company are being managed by the Joint Administrators who act as agents of the Company and without personal liability.”

The announcement confirms that it is no longer possible to purchase coins or medals through the company’s website.

The London Mint Office operates a distribution centre in Tonypandy, Rhondda Cynon Taf, where it employs a significant number of people.

Administration is a formal insolvency process triggered when a business cannot meet its financial obligations.

An insolvency practitioner is appointed to manage the company’s affairs and may attempt to restructure the business or sell off assets to repay creditors.


What happens when a company goes into Liquidation?


Founded in 2006, The London Mint Office describes itself as “one of the UK’s most trusted suppliers of historic, commemorative, and collector coins.”

It is part of Samlerhuset AS, a Norwegian company based near Oslo and one of Europe’s largest distributors of commemorative coins and medals.

Samlerhuset’s website states that it offers “provide a wide range of coins from ancient to modern, originating from virtually every country in the world.”

The London Mint Office has advised anyone with an interest in the company’s assets to contact the administrators at INS_THLMOL@alvarezandmarsal.com.





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Warning of new rules for Aldi and Lidl after watchdog review

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The Competition and Markets Authority (CMA) has provisionally decided that both discounters should be added to the Groceries Market Investigation (Controlled Land) Order 2010, which currently applies to Asda, Co-op, Marks and Spencer, Morrisons, Sainsbury’s, Tesco, and Waitrose.

This order is designed to prevent large grocery retailers from using land agreements to block competitors from opening nearby stores, often through restrictive covenants or exclusivity terms.

Juliette Enser, executive director of competition enforcement and markets at the CMA, said: “We want everyone to have the best choice of supermarket and range of prices when buying their groceries.

“To ensure this happens, we put rules in place to prevent big supermarket chains blocking rival stores from opening nearby – and now we propose applying those rules to Aldi and Lidl too.

“This is about allowing shoppers to choose where they spend their money and levelling the playing field for all major supermarkets.

“Today’s proposals are provisional and we welcome views before deciding the best way forward.”

The CMA’s review found that Aldi, Lidl GB, and Lidl NI now meet the criteria of ‘Large Grocery Retailers’ (LGRs) due to their store footprint, nationwide presence, procurement model, and the breadth of their grocery range.

Aldi and Lidl were originally excluded from the 2010 order as ‘limited assortment discounters’, offering a smaller selection of products compared to traditional supermarkets.

However, the CMA’s provisional findings indicate that this is no longer the case.

All three now operate large grocery stores, each with more than 1,000 square metres of shop floor space, and offer a full range of products, though with less category choice than some competitors.

They also purchase goods directly from suppliers through integrated wholesaling.

With the UK grocery market estimated to be worth £215 billion, Aldi and Lidl are now ranked among the top five retailers by market share.

The CMA is seeking feedback from stakeholders before reaching a final decision.

Aldi and Lidl could join the other supermarket chains later this year.

The CMA is inviting views until 5pm on Monday, September 7, 2026, and will issue its final decision in the autumn after reviewing responses.

If the discounters are included under the order, they will be prevented from using land agreements to limit competition from other supermarket chains.

The CMA aims to ensure competition across the grocery sector to give shoppers more choice and competitive pricing by removing obstacles to new store openings.





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