Scotland-based RegTech AutoRek has revealed it plans to add 30 more positions across the UK as the company seeks to meet growing demand for its solutions.
The company has already grown its team by 40 people this year and is working to meet the accelerating demand for its financial control and regulatory reporting solutions.
According to Digit News, this demand has largely been driven by the FCA and other financial institutions’ push for greater integrity and accountability across the financial services sector, which has led to increased regulation – especially in areas such as payments and asset management industries.
AutoRek CEO Gordon McHarg said, “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.”
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