The FinTech Five – 18th February 2022

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Welcome to the FinTech Five, the part of the week where we take a closer look at the best articles, news, and features from over the past week from our FinTech Wales members.

1. We’re Hiring! Two new exciting roles with Fintech Wales: Head of Operations & Head of Marketing. 

Do you want to work with one of the most exciting organisations in Wales that has a great board and panel with an outstanding forward thinking CEO? Then you’re in luck! 

We’re looking to add to our Senior management team a Head of Operations and Head of marketing. 

To discuss these new roles get in touch directly via [email protected] or to apply below: 

Head of Operations –

2. ‘Investing in Future Wales’ event will highlight the entrepreneurial ecosystem of Wales during Wales Week in London

Next, as part of the Wales Week London programme, ‘Investing in Future Wales’- a panel discussion and pitching event – will spotlight the entrepreneurial ecosystem of Wales on Monday the 28th February, 16:00 – 18:30 GMT. 

​​It will include a panel discussion with key stakeholders sharing their insights on the prospects of business growth in Wales and its highly supportive ecosystem. This will be followed by presentations from 8 innovative, high growth businesses showcasing the investment opportunities available.

This is a fantastic opportunity for investors and advisors to connect with leading Welsh players and to find out more about Investing in Future Wales.

Following the event there will be an opportunity to network and connect with global business investors and advisors.

The event is hosted by British Business Bank in partnership with Welsh Government, The Lord Mayor of the City of London and the Department for International Trade.

Register for the event here. 

3. APS Bank Partners with Trust Payments to Offer Merchant Acquiring Services

Next this week, APS Bank customers will now have the opportunity to offer merchant acquiring and eCommerce services and solutions through a new partnership with payment technology leaders Trust Payments.

The Bank’s business customers will be able to accept card payments through a POS terminal and other forms of electronic payments, with the funds being deposited into their APS Bank account. They can also benefit from Trust Payments’ innovative eCommerce platform which equips merchants with easy-to-use tools to build, scale and sell online.

Steve Grech, CEO of Trust Payments Malta commented: 

“This is a great opportunity for us to work together with APS Bank, a reputable long-established and fast-growing local bank, to help their business customers to access acquiring and eCommerce services and solutions quickly and easily.”

Anthony Buttigieg, Chief Banking Officer, APS Bank added: 

“We are constantly working to continue improving our service for business customers. We have decided to partner up with Trust Payments as our merchant services provider, because of their trusted, well established and easy to use service, account management and around the clock technical support.”

Read the full announcement on Trust Payments’ website here. 

4. Admiral named 4th on UK’s Best Workplaces™ for Wellbeing list

Next, Admiral has been named as the 4th best workplace for wellbeing by Great Place to Work®, the global authority on workplace culture. 

Having been named a Great Place to Work® for over 20 consecutive years by the Great Place to Work® Institute, they’ve recognised Admiral again specifically for its approach to wellbeing. 

To determine the UK’s Best Workplaces™ for Wellbeing list, Great Place to Work’s culture experts analysed thousands of colleague surveys, assessing people’s holistic experiences of wellbeing at work by asking colleagues to comment on how their company supports their work-life balance, sense of fulfilment, job satisfaction, psychological safety and financial security. 

Head of People at Admiral, Rhian Langham said:

“Wow, what an achievement! Colleagues’ wellbeing is always our top priority. We pride ourselves on having a happy, supportive and productive workplace and are delighted to be recognised one of the UK’s Best Workplaces™ for Wellbeing.  

“2021 was a challenging year and I’m proud that our wellbeing and workplace support teams have continued to work tirelessly to support colleagues and equip our people with tools to manage their health and wellbeing. Our evolving approach to wellbeing offerings means we’ve seen a great variety of activities take place. From engaging online support and our employee assistance programme to mindfulness sessions and physical health initiatives. I’m excited to see what we can bring in 2022!”  

Read the full article on Admiral’s website here. 

5. Open GI to Deliver Broker Intelligence from LexisNexis Risk Solutions

Last but not least this week, in a move designed to help brokers take advantage of some of the most powerful data available to the insurance market, Open GI have become the first major software house to offer access to Broker Intelligence from LexisNexis® Risk Solutions, the data enrichment solution designed specifically for small to medium brokers. 

The point of quote enrichment solution from LexisNexis Risk Solutions has been created to make data enrichment faster and easier for brokers, with access to specially selected attributes that will be of most value to their business.

Broker Intelligence enables brokers to access a deeper level of data intelligence for a better understanding of their customers, which could, in turn, help reduce fraud risk. It draws on policy history data such as cancellations and gaps in cover, no claims discount validation, public records, financial sanctions records and other unique data to build a more complete picture of an individual, all at the point of quote. A trusted data provider for the insurance industry, LexisNexis Risk Solutions offers extensive coverage of U.K. motor policies and insights from policy transactions, including cancellations and mid-term adjustments.

James Burton, senior director of product management, Insurance, U.K. & Ireland, at LexisNexis Risk Solutions, said: 

“Too much information can be just as harmful as too little, so we listened to what brokers wanted and designed Broker Intelligence to ensure speed of access to the high-volume, near real-time data they need, at the point of quote. We are kicking off a new year and with it will come a new set of challenges for the broking community, so the availability of Broker Intelligence through Open GI could not be better timed.”

Read the full announcement on LexisNexis Risk Solutions’ website 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 next week 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.