Equiniti opens innovation centre in Cardiff

Source: Equiniti

Equiniti, a leading specialist in technology, finance and administrative services, today opened the doors to its brand new Fintech innovation centre in Cardiff’s newly developed ‘Capital Quarter’.

The centre will serve as an exciting hub from which Equiniti will continue to develop its core offering of innovative FinTech solutions. These currently include multi-lingual platforms and device agnostic portals for employee share plans, online applications for investment platforms and web/mobile applications for pension products.

With Cardiff University also announcing a £300m investment in four research centres, Cardiff is now a city of choice for companies looking to expand or relocate. This is further underpinned by the Welsh Government’s commitment to develop on of the largest financial and professional services sectors outside of London.

• The FinTech hub will be home to EQ Xanite, Equiniti’s platform offering front to back office solutions for the financial services sector. The software provides custody services for £18.7bn of assets and plays a key role in Equiniti’s growing direct-to-customer business
• Hazell Carr - the resourcing arm of Equiniti - will also located in the new centre. The firm provides specialist interim resource to help firms operating within regulatory markets manage complex remediation and rectification projects

Equiniti’s leading technology offerings also include:
• EQ Sirius, the share registration platform which manages records of 18.7 million shareholders making payments of £39bn each year for nearly 50% of the FTSE100.
• EQ Compendia, the pension administration and payroll platform that manages records and payments for millions of UK pension scheme members and streamlining customer engagement with their pension
• Fairmoney, the leading comparison website of loan products from certified fair lenders, also based in Cardiff, is powered by Equiniti Pancredit’s loan decision engine. This innovative platform utilises Smart Search Technology to profile applicants without leaving a credit footprint.

With current regulatory demand placing pressure on financial firms to develop smart technology that puts consumer interests at the heart of what they offer, the business is focused on adding capabilities that address their clients’ problems in the digital age. This has led to significant investment in Equiniti’s 25 group-wide technology platforms. Uniquely, Equiniti owns all of the technology required to run its core operations, which gives it the flexibility, robustness and control of ownership required to quickly respond to change.

Guy Wakeley, Chief Executive stated: “As regulatory changes drive advancements in financial technology, the group is dedicated to fairness for the 27 million end customers that we serve. We see this new centre as a great opportunity to push forward with our commitment to providing technology that ‘makes the complex simple’. Equiniti is going beyond the traditional role of a ‘service provider’ and is focussed on developing brand new technologies. The group helps its clients to harness this technology and ultimately make life easier for the end customer”

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