The FinTech Five – 29th September 2023

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Welcome to the FinTech Five, where we take a fortnightly look at the best articles, news, insights and features from our FinTech Wales members and the Financial Services industry in the UK. 

1. Wealthify Introduces Future Skills; a free financial resource for young people

Financial education in UK schools is not up to scratch, which is why Wealthify have teamed up with Young Enterprise to create Future Skills: a free online resource that helps teachers help 16 to 18-year-olds form positive lifelong financial habits.

Through Future Skills, Wealthify is raising awareness of Child Trust Funds (CTFs), a savings account that many young people may not realise they have.

Click here to read more or to download the free resource. 

2. Yorkshire Water and IE Hub Join Forces to Improve Customer Financial Wellbeing

In an exciting new collaboration, Yorkshire Water has partnered with IE Hub, the innovative financial wellbeing platform. The move is aimed at streamlining financial processes and bolstering financial support for customers when managing their water bills.

As households across the UK face growing financial challenges, Yorkshire Water has taken a proactive step to ease the burden on its customers. Through its partnership with IE Hub, customers will have access to an intuitive platform. Here they can efficiently manage their budgets, share their financial information, and gain insights into how they can navigate their bills more effectively.

In response to the new partnership, Dylan Jones, IE Hub CEO, stated:

“We are thrilled to be partnering with Yorkshire Water. They are a company that truly values their customers’ financial wellbeing. Our mission at IE Hub is to make financial management more accessible and less stressful. By teaming up with Yorkshire Water, we’re taking a significant step in ensuring customers have a smoother experience when it comes to their water bills.”

Click here to read more about the partnership. 

3. Admiral Group recognised as one of Europe’s Best Workplaces

Admiral Group plc has been recognised as one of Europe’s Best Workplaces in a list published by Great Place To Work®.

Of the 3,350 participating companies only 150 Best Workplaces in Europe have been selected. Admiral Group, which has offices in France, Italy, Spain and the US, is ranked 14th Best Multinational in Europe.

The Great Place to Work list is based on colleague surveys that are designed to gain insight into how people feel about their employer and their work environment, with a focus on respect, recognition, transparency and camaraderie. Winning workplaces were those that received higher survey scores around flexibility, fair pay, and well-being.

Costantino Moretti, Head of International Insurance, Admiral Group:

“At Admiral we recognise our people are the key to our success. I’m always so proud of the many ways our colleagues come together and work hard to support our customers and each other every day. Being recognised as a Great Place to Work in Europe is a testament to our people’s dedication to fostering a culture where everyone can thrive.”

Click here to read more. 

4. Akamai Expands World’s Most Distributed Cloud Network with New Core Compute Regions Across Asia, Europe, North America, and Latin America

Akamai Technologies (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced seven upcoming new core compute regions across Europe, Asia, North America, and Latin America.

The locations in Amsterdam, Netherlands; Jakarta, Indonesia; Los Angeles, California; Miami, Florida; Milan, Italy; Osaka, Japan; and São Paulo, Brazil, are the third instalment of Akamai’s rollout of new core compute regions since its acquisition of Linode last year, and represent a key step in Akamai’s push to redefine how the cloud operates.

“The need for companies to provide a better user experience increasingly exposes the limits of the legacy centralized cloud model,” said Adam Karon, chief operating officer and general manager, Cloud Technology Group, Akamai.

“We’re solving this challenge for customers by flipping the script. With Akamai Connected Cloud, we’re taking an outside-in, distributed-first approach built on a commitment to cloud-native technologies and the same network many of the world’s largest companies have relied on for more than two decades. It’s an approach focused on a future where scale becomes as much about the size of the network as it does the size of the data center.”

Click here to read more about Akamai’s recent expansion.

5. LexisNexis Risk Solutions Wins Datos Insights AML Impact Award for its Financial Crime Screening Solution 



LexisNexis® Firco™ Continuity has been honoured with the Best Sanction/Watchlist Screening Innovation award by the 2023 Datos Insights (formerly Aite Novarica) AML (Anti-Money Laundering) Impact Awards. The AML Impact Awards recognise industry leaders pioneering new and disruptive financial crime products and capabilities whose innovations bring the financial services industry one step closer to triumph in the fight against fraud, money laundering and other illicit activities.

“Financial crime compliance has become increasingly challenging to keep up with as sanctions and watchlists are rapidly changing, putting financial institutions at risk,” said Becki LaPorte, strategic advisor for fraud and AML at Datos Insights. 

“Firco Continuity addresses these concerns by providing an efficient and effective real-time transaction screening solution to detect and flag potential risk of illicit financing.”

Click here to read more. 

Until Next Time

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 news highlights from across our FinTech Wales membership.