Fintech has taken Poland by storm. From Revolut setting up a large office in Krakow to the recent investment into Poland by VISA. There is lots to talk about. And there are lots of people who need to be recruited too. Today’s story will focus on who the best fintech recruitment business is in Poland.
Fintech as a by-word has been with us since the global financial crisis in 2008. The crisis caused confidence in traditional banking institutions to drop. In turn opening the path for fintech solution providers. PayPal stands at the forefront of the early days of fintech, albeit the company has been around since 1998.
Over the years in Europe we have witnessed the rise of Stripe, Adyen, R3, Thought Machine, Backbase and a whole host of startups specializing in fintech solutions. Whether its payments, the core banking system, or banking-as-a-service, the solutions that are being created to improve the financial landscape are numerous. It’s important to highlight that disruption has taken place within retail banking in the first instance. This is why companies like N26, Nubank, Revolut, Robinhood, Chime, and others have had such a big impact on the market. Not only have these startups focussed on retail banking, but they have made banking more accessible too. Addressing a bigger problem. Banking the unbanked.
This all meant that during the pandemic, people were ready for change. They didn’t need to go to visit their local bank. Everything was already online.
Importantly, things in Poland have evolved differently.
Which Companies have Affected the Fintech Recruitment Market in Poland the Most?
Often one correlates Michael Page with banking and financial recruitment. This is also the case in Poland. However, Michael Page was not the most important recruitment business to support financial institutions in Poland. It was AMS, or Alexander Mann Solutions, with an office the company scaled in Krakow.
AMS moved the resourcing for much of the recruitment needed for Barclays Bank of England to Krakow. Barclays was used to this type of service as it had previously worked with REED. It just happened that with AMS opening a location in Krakow, the associated recruitment fees charged to Barclays were that much more competitive.
By the time the financial crisis hit Europe, AMS already had a team of hundreds of recruiters supporting the needs of Barclays across the UK.
Is Krakow the Most Important Fintech Hub in Poland?
With the presence of AMS in Krakow it was inevitable that the city would become a beacon for financial services. HSBC and UBS are just some of the financial institutions who have chosen Krakow as a nearshore destination. They have been joined by State Street, Universal Investment, OANDA, IG Group, Euroclear, Backbase, Revolut, HedgeServ, StoneX, Chatham Financial, Baillie Gifford, World Remit, and Superfund Technologies. Some have come and gone, like Bitpanda. Most importantly though, Krakow has its own fintech success story! Zen.com
The recruitment industry has tried to keep up. Recruitment players like Alten, Motife, Cox Fitzsimmons Wilkes or Goldman Recruitment have all established a presence in Poland’s second city. There is also the website Kariera w Finansach where both jobs and updates on individual employers are available to view.
In March 2023 the second edition of “How to do FinTech in Poland” was released with the support of Michael Page. The 113-page report gives an impressive overview of the fintech landscape in Poland.
Not to be outdone, in January of this year Antal, one of the leading recruitment businesses in Poland, also published a Fintech report. The report was specifically about the “Fintech industry in Warsaw”. It is 103 pages long. And is a very good alternative report to the one produced with the support of Michael Page.
One of the people quoted in Antal’s report was Weronika Chrzanowska, Head of Fintech Market Development and Management at ITCARD:
What this means for most observers is that there is a lot of information about fintech in Poland.
Which Recruitment Businesses Specialize in Fintech in Poland?
Michael Page and Antal have raised the bar on the recruitment market. Their teams clearly have the deep knowledge of fintech that clients need. Except for one small issue. The recent rise of all things ‘tokenization’.
At the beginning of 2024 the first Bitcoin ETF was accepted by the SEC in the U.S. On the back of this the more sophisticated investment banking space started to feel serious disruption. It has led to the tokenization of money market funds. Not to mention the rise in the popularity of ETFs in Europe. This has in turn led to companies like HSBC in Krakow adding blockchain specialists to their teams:
In 2023 the fintech sector was abuzz about all things artificial intelligence and machine learning. Today, this sector now seems to be embracing blockchain technology. Next stop Web3.
Verita HR has been at the forefront of helping clients with sophisticated investment banking and asset management roles. This has overlapped with many financial advisors suggesting that investment portfolios are now exposed to digital assets. It has been proven that bitcoin and other cryptocurrencies are a good hedge against inflation. Demand amongst investors has in turn also risen. So now the demand in Poland’ fintech hubs has also turned to blockchain specialists.
Why You Need to Attend CryptoThursday
Coming up later this month on Thursday the 29th of August is CryptoThursday. The event is jointly organized by Kryptonite and Verita HR. It takes place in Verita HR’s offices in Krakow. Admission is free:
Does your recruitment partner monitor the market? Do you want to talk to the specialists at Verita HR to find out more?
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Content at Verita HR News is brought to you in collaboration with the editorial team at Magazyn Rekruter. Magazyn Rekruter, a brand within Verita HR Group in Poland, is the longest standing recruitment and human resources industry magazine in Central Eastern Europe. The first issue was published in March 2010. Find out more at: Portal Branży HR i Biznesu (magazynrekruter.pl)
See Also:
Who are the People leading International Quant Teams in Poland? – Verita HR
Where do Quantitative Analysts work in Poland? – Verita HR
Who are the Most Influential Blockchain Leaders in Poland Today? – Verita HR
How Popular is Blockchain Technology in Poland today? – Verita HR
