The FinTech Five – 10th February 2023
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. FinTech Wales is hiring a Head of Business Development
First this week, we’re looking for a Head of Business Development to join our amazing FinTech Wales (FTW) team.
Reporting to the CEO, the Head of Business Development role will lead revenue generation across FTW.
2. Credas and Creditsafe UK Partner to Enable Moure Firms to Streamline Their AML & ID Checks
Under the agreement, Creditsafe UK will resell Credas technology through its platform. The partnership aims to help businesses stay compliant with anti-money laundering regulations, while also streamlining the process of obtaining client information.
The partnership will also allow Credas’ clients to access Creditsafe’s business data within its platform as a “plug n play” data provider.
“We are thrilled to partner with Creditsafe UK to bring our cutting-edge compliance technology to businesses in the UK,” said Tim Barnett, CEO of Credas.
“By partnering with Creditsafe, businesses will be able to manage their risk and compliance, including AML checks, together through one unified platform.”
Both Creditsafe UK and Credas are based in South Wales, and the partnership is expected to have a positive impact on the local economy.
3. Driverly achieves UK first for dynamically priced insurance as it receives direct authorisation from the Financial Conduct Authority (FCA)
Next this week, Cardiff-based Driverly – provider of a unique, app-based car insurance service – is delighted to announce it has received direct authorisation from the Financial Conduct Authority (FCA) to sell car insurance after a thorough review of its processes and governance structure. This is believed to be the first successful FCA application centred solely around a monthly, dynamically priced proposition. It marks one of the final stages for Driverly in its mission to deliver its disruptive car insurance service to the UK.
The Driverly app monitors and records dozens of different driving criteria for users to build an accurate picture of their driving habits, which can directly benefit them financially in the form of rewards and discounted premiums.
Armin Kia, CEO of Driverly commented:
“For many startup companies, particularly in the insurtech field, authorisation comes via an Appointed Representative route by piggy backing another company’s regulatory permissions. But Driverly is directly authorised by the FCA, which is testament to not only the way we have built our tech offering, but also our processes and corporate governance.
4. de Novo forms partnership with University of South Wales to launch Digital Technology Degree Apprenticeship Scheme
Next, A pioneering tech company headquartered in Langstone, has formed a new and exciting partnership with the University of South Wales to deliver an innovative Degree Apprenticeship Scheme for young people across South Wales aspiring to develop a career in digital technology. Officially launched in 2021, de Novo Solutions is a specialist SME digital technology consultancy which has honed a niche in the experience economy by ‘re-imagining the world of work’ through the delivery of data driven personalised experiences over standardised business processes using Oracle SaaS Cloud and ServiceNow technologies.
In partnering with the University of South Wales, de Novo Solutions is committed to offering young people the opportunity to ‘learn while they earn’ through an exciting degree apprenticeship scheme, which will provide them with a comprehensive introduction to technology consulting – ranging from insight into the latest technology and ‘the experience economy’, through to the use the understanding of analytics and back-office enterprise business systems.
Discussing the introduction of the new Digital Technology Apprenticeship Scheme, Mark Sweeny, Founder and CEO of de Novo Solutions, said: “We founded de Novo Solutions with a clear vision to disrupt traditional digital consultancy and hone a niche in the experience economy.
We believe that as part of our growth and development over the coming years – particularly in South Wales – it’s important to aid the training and development of young, aspiring tech professionals within the local community, who will not only gain valuable insight into the tech sector from our senior leadership team but will also have the opportunity to make a real difference in building the de Novo brand; all while obtaining a valuable university degree!
5. The CCR business conference for sustainable SME success
Last but not least this week, Cardiff Capital region have announced their business conference for sustainable SME success, taking place on the 26th April 2023 at the ICC Wales.
Unleash 2023 brings together the latest business thinking and best practices, geared to helping the SMEs of CCR build sustainable success.
It’s ‘Your Day’, if you’re a business of any size and sector, looking to future proof your enterprise and maximise your potential.
Confirmed Speakers include:
- Vaughan Gething MS, Economy Minister, Welsh Government
- Rhian Elston, Wales Investment Director, Development Bank of Wales
- Lee Jones, Senior Partner, Microsoft
- DR Wil Williams, CEO, Alacrity Foundation
- Sarah Williams-Gardener, CEO, FinTech Wales
- Eamon Tuhami, CEI, Hwyl Ventures
Plus many more.
Seize this day. Unleash your ambitions and optimise your growth.
Until Next Time
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.