The FinTech Five – June 4th 2021 – Featuring Wealthify, Currencycloud, Trust Payments, CCR, & FinTech Awards Wales
Welcome to the FinTech Five, the part of the week where we take a closer look at the best articles, news, and features from across our FinTech Wales members.
1.Tink and Wealthify Enter Partnership for Investment Payments
Penarth based investment platform Wealthify has partnered with open banking platform Tink for payment initiation services, that will transform the way its investors transfer money into their investment accounts.
The partnership, which is already live, sees Tink’s payment initiation service (PIS) technology embedded in the Wealthify app. This enables investors to seamlessly transfer an initial investment sum during the onboarding process, and make additional payments to top-up their accounts.
Previously, this was a manual process where people had to initiate the payment separately, by going to their own bank’s app or web service. Now, investors can consent to connect to their bank account in the Wealthify app or web page, and complete their payment in a few steps.
Simon Holland, Chief Product Officer at Wealthify commented: “Open Banking is a fantastic opportunity to deliver seamless payment experiences for our customers that are quicker and more competitive than traditional card payments. The customer response has already been brilliant, and our partnership enables us to make more of our customers’ money work harder, by maintaining our market-leading low fees.”
Listen to the brilliant 11FS FinTech Insider podcast team discuss with Daniel Kjellén, Tink Founder & CEO how this partnership represents a positive step for both companies and user experience. ( Skip to 3.22)
2.Cardiff Capital Region Shares Welsh FinTech Focused Digital Magazine
Cardiff Capital Region has been sharing a series of excellent Welsh FinTech Focused articles over the past few months.
These articles have highlighted everything from the environment in Wales that has provided a formula for success, to the future for Welsh FinTech and the ambitious plans of its community.
If you haven’t had the chance to read any of the excellent FinTech insights revealed in the series, the articles have now been put together into a beautifully arranged digital magazine which can be found on the Cardiff Capital Region website here.
3. Currencycloud to Host Live Superhero Spotlight Series Event
Currencycloud has announced their Superhero Spotlight Series, a week-long event live from the 7th to 11th of June, packed with articles, research reports and LinkedIn and YouTube live-streamed interviews with over 30 of Fintech’s finest superheroes.
The week will be packed with expert articles, research reports, live-streamed interviews and forum discussions shining a spotlight on some of the most innovative leaders, influencers and peers in the Fintech space.
Hosted and simulcast on both Youtube and LinkedIn, the event is open for all to attend and access. However, Currencycloud encourages those interested in attending the live-streamed interviews to register to receive email reminders the week of the event with a detailed agenda so they don’t miss out.
4.Trust Payments and HDS Partner to Offer the Hospitality Industry an Integrated POS Solution
Trust Payments, the global unified payments group, has partnered with Hospitality Digital Services (HDS) to offer TRU Link which enables fast and easy integration with the HDS POS system, ConciergeHub, and Trust Payments’ card machine terminal. The integration will see HDS UK customers benefit from an enhanced customer experience, enabling them to:
– Cut queues and turn tables faster. The cashier will not need to enter the amount on the POS card terminal as this will be updated automatically. Customers wait less time to pay, and queues can be cleared faster.– Eliminate errors. As the POS system is directly linked to HDS’s technology there is no room for error in keying the wrong amount into the card terminal.– Offer mobile ordering and payments. Offer customers the option to order and pay within an app-less solution, reducing the need for social contact between customers and staff and turning tables faster.
Jonathan O’Connor, Chief Commercial Officer at Trust Payments said: “We believe TRU Link will make life easier for hospitality merchants in the UK. TRU Link connects the payment channels and POS setup, integrating into the merchant’s existing software, allowing them to work together. Whether a company is taking a payment online, from a card machine or from a mobile device, the data can be synchronised, reconciliations are seamless, and we can help the retailer save time and money.”
5.FinTech Awards Wales Shortlist Announced
First this week, the announcement of the FinTech Awards Wales shortlist, which we are delighted contains plenty of representation from our FinTech Wales membership.
The FinTech Awards Wales was created to recognise the achievements of the thriving FinTech sector across the country, bringing Wales’ leading innovators and digital experts together in an evening of celebration as – Matt Hyde, MD FinTech Awards Wales, explains.
“The growing FinTech sector is one of the jewels in the crown of business in Wales. The Awards will place the spotlight fully on the emerging and established tech companies and entrepreneurs who are helping millions of customers with technology-enabled financial products.”
Now that the shortlist has been announced let’s take a quick look at which FinTech Wales members are nominated ahead of the September awards ceremony.
Best Advisory Firm
of the Year
- Capital Law
- Harrison Clark Rickerbys
- GS Verde Group
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.