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Some of the fastest growing financial technology firms in Wales are at risk of being held back by skills shortages, a leading specialist lawyer has warned.
Cerian Jones said so-called fintech companies have told her they are "chasing fish in the same small pool".
She said those firms not actually trying to fill a recruitment gap "are trying to retain staff so they don't go elsewhere".
Cardiff is facing competition from London and Bristol among other cities.
Ms Jones, a patents attorney and partner at UDL in Cardiff, said: "When I talk to software companies about what their biggest challenge is, nine times out of 10 it's recruitment.
"These are very skilled positions, needing skilled graduates with the right coding and development skills."
She said there was a lure of working in London and firms in south Wales were having to be creative in trying to entice people "in a candidates' market".
Some were finding it difficult, even when offering £60,000 salaries.
There you have it. You can code to make banks richer. In Cardiff.
(Score: 1, Interesting) by Anonymous Coward on Saturday November 18 2017, @08:53PM
I agree, they could pay more if they want more. My staring pay out of college was 20% higher than that, and they claim this is trying to retain workers? I make double that before stock, bonus and benefits. Its a competitive market. It easy to view your company failing to be profitable enough to hire staff as a staffing challenge, but its really just a struggling business (or the management is hording all the money). Either way I don't really see it as a staffing problem: which ever department is underfunded is going to have a problem, in this case staffing.