London
13 July 2017
Reporter: Stephanie Palmer

Financial institutions seeking blockchain buffs


The increased use of blockchain technology in financial services is leading institutions to seek new recruits with skills in the technology, according to research from recruiter Robert Half.

In the survey of financial services executives, 52 percent said said they have already invested in blockchain projects.

A further 30 percent said they are planning to invest in the technology, and 14 percent said that, although they think they should be considering investment, they have no plans to at the moment.

According to the survey report, this means there is a growing demand for employees with the skills to help firms get the best of the technology.

Particularly, 51 percent of respondents said they are seeking professionals with understanding of blockchain for trading technology, and 47 percent said they are looking for those with blockchain programming capabilities.

Blockchain-based analytics and portfolio management skills were also desirable for 44 percent and 43 percent, respectively.

Of those that have already implemented the technology, 54 percent said they have seen increased transparency as a result, and the same number said they have seen increased empowerment for users.

Some 42 percent said they have already seen faster transactions.

Further, a vast majority of all respondents, 85 percent, said they think blockchain will have made a “genuine impact” on the financial services industry by 2022.

Matt Weston, director at Robert Half financial services, said: “Automation is changing the face of business, and particularly so within the skills and roles within the financial services industry.”

He added: “With financial crime and compliance high on the priority lists for many senior leaders in financial services, attracting skilled specialists to support the implantation is key. To keep up with the rapidly changing skill and role development, companies who adopt a flexible recruitment strategy will be best placed to adapt their resource requirements during this change.”

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