Every year, the tech talent shortage is exacerbating. The competition for candidates is intense. Thus, filling open IT positions is becoming challenging for more Fintech companies. The hiring process becomes strained and expensive. This report shows the size of the talent shortage problem, particularly in terms of attracting software engineers to the Fintech industry.
In this situation, many Fintechs chose one of the opportunities:
Both cases lead to missed opportunities and lost competition.