AutoRek to hire a further 30 positions
Scottish fintech Autorek, is growing its team to cope with an unprecedented level of demand for it financial control and regulatory reporting solutions. The company has already recruited 40 people in 2022 and is looking at filling 30 more positions across the U.K.
This rise in demand can be attributed to a need for more integrity and accountability across the financial services sector, leading to increased regulation, especially across the payments and asset management industries. The FCA’s new Consumer Duty, which was introduced on 27th July, is the most recent example of this market shift.
AutoRek’s CEO, Gordon McHarg comments:
“We currently have 140 employees, and we’re projecting this number to rise to 170 by the end of the year to keep up with the demand from clients and prospects. We’re extremely proud that the average tenure of employees is currently four years - more than double the sector norm for most fintechs, with almost 40% of these employees playing a huge part in the growth journey with four years or more as part of the AutoRek team.”
“The demand for greater automation is at the centre of our need to continue hiring. Within the payments, asset management and insurance sectors, the increasingly complex regulatory landscape is forcing firms to automate to keep pace with their competitors and their own customers’ expectations. Therefore, we have a particular focus on hiring SMEs in each of our sectors, with a number of positions available in insurance. As we look to expand our services internationally and focus on growing software engineering, professional services and sales, we expect this growth to continue as the global business world embraces the benefits of automation.”