Central banks hired more fintech staff in 2020
Over half of central banks worldwide hired more fintech staff in the last 12 months, as they continued to build out their technology capabilities. Only 3% said they reduced fintech headcount, while 45% said staffing stayed the same.
At the average central bank, there were 46 dedicated fintech employees. However, fintech staffing numbers range from 0 to 600 across the sample. Fintech staff as a share of central banks’ total personnel ranged from 0.1% to 11.1%, and made up 1.5% on average.
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