FinTech Five: 12th August 2022
Welcome to the FinTech Five, where we take a fortnightly look at the best articles, news, insights and features from our FinTech Wales members.
1. Chetwood makes the 2022 Wales Fast Growth 50 list
Chetwood Financial announced that it has been named as one of Wales’ fastest growing businesses in the 24th Annual Fast Growth 50 list. The accolade comes hot on the heels of their inclusion in the list of 101 Fastest Growing Fintech Startups by Fintech Energy.
With their inclusion in the list, Chetwood has been shortlisted for awards as the ‘Fastest Growing Financial and Professional Services Firm in Wales’ and ‘Fastest Growing North Wales Firm’. Winners will be announced at a prestigious event at the Mercure Hotel in Cardiff on the 21st October 2022.
More information on the Fast Growth List Here
2.Wealthify Analysis of What’s Impacted the Markets in 2022 so Far.
Great summary of the challenges that have faced the market this year so far from Wealthify, covering topics such as covid, inflation, interest rates, energy prices, Ukraine and more. This thorough analysis gives an insightful view of the year so far and looks ahead to the rest of 2022 and what it potentially holds for the markets.
“In January, we provided an update talking about how financial markets had a bumpy start to the year. However, the extent of this turbulence caught many investors by surprise, and unfortunately, it doesn’t look like this volatility will be ending any time soon.
That’s because there are still multiple risks and uncertainties currently upsetting the markets, which we’ll talk about here…”
Read the full article here.
3. Validient – Defence Against Money Laundering
Excellent quick read by Validient on how businesses protect themselves against money laundering, the technology in play to do so, and how Validient are tackling this problem on behalf of their customers.
“With money laundering becoming a growing threat and criminals becoming more creative with ways to elude detection, how can businesses combat this and have a strong defence against money laundering? You would assume that screening every client and monitoring them long-term would be a time-consuming and complicated task. Well, for those who do it manually it is, but with advancements in software that automates these tasks staying safe, compliant, and adhering to the highest levels of due diligence is easier than ever.”
Read the full article here
4. Sonovate announces new partnership with Demica as it continues to redefine embedded finance for the contingent workforce
Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, today announced a new partnership with Demica, the market-leading trade finance fintech, to enhance its reporting processes so it can continue to support thousands of business customers globally.
The partnership between Demica and Sonovate was key to the recently announced securitisation deal worth £165 million with BNP Paribas and M&G Investments. Additionally, Sonovate will integrate Demica’s powerful reporting tools into its own systems, further enhancing its operations, finance, and credit control processes.
Sonovate co-founder and co-CEO Richard Prime said, “At Sonovate we’re committed to building an ecosystem of integrated fintech services that will revolutionise funding and payments for our business customers and serve their exacting, unique needs. We’re excited about this partnership with Demica, whose solutions boost many of our financial and operational processes, as well as allowing us to deliver more flexible funding and increase capacity for export financing.”
Read the full article here
5. One Month Left to Enter the 2022 Wales STEM Awards
There’s just one month left to enter the 2022 Wales STEM Awards with entries closing on 9th September.
Following the success of the inaugural awards, the Wales STEM Awards 2022 is back to shine a spotlight on the organisations and individuals making a difference to the STEM agenda in Wales.
The awards will celebrate those leading the sector in Wales, those businesses creating an impact on the Welsh economy, those addressing the STEM diversity gap and skills shortage, and those inspiring and raising aspirations of the next generation.
There are fourteen categories to enter: Innovation in STEM, sponsored by CEMET, STEM Start-Up of the Year, STEM Scale-Up of the Year, STEM Educational Programme of the Year (Public Sector), STEM Educational Programme of the Year (Private Sector), STEM International Business of the Year, STEM Sustainability, STEM Ambassador of the Year, STEM Rising Star of the Year, sponsored by CSI Catapult, STEM Woman of the Year, sponsored by Development Bank of Wales, STEM Entrepreneur of the Year, STEM Company of the Year (under 50 employees), sponsored by Linea Resourcing, STEM Company of the Year (over 50 employees), sponsored by Cardiff Metropolitan University, and COVID-19 Impact Award.
Shortlisting will take place in September before the awards ceremony on 27th October 2022 at the Mercure Cardiff Holland House Hotel, where the winners will be crowned.
Co-founder of the awards Liz Brookes, said: “There’s just a month left to get entries in for the 2022 Wales STEM Awards. The awards are open to organisations in both the public and private sector and there are categories to celebrate both individuals making an impact, and organisations as a whole. We know there’s some amazing stuff happening across Wales which we’re looking forward to recognising and celebrating.”
The Wales STEM Awards are being jointly organised by Grapevine Event Management and communications agency jamjar.
The inaugural awards saw winners including CGI IT UK take home STEM Company of the Year (251+ employees), Louise O’Shea from Confused.com take home STEM Leader of the Year and Hazel Thorpe from the IPO take home STEM Woman of the Year.
Enter now here.
Until Next Week
And that’s it for the FinTech Five this week. Thank you for reading, and don’t forget to join us fortnightly for more of the best content from across our FinTech Wales membership.
If you want to join our dynamic FinTech Wales community, then click here to learn more about the exclusive benefits FinTech Wales membership has to offer.