FinTech: Driving transformation in financial services
FinTech (Financial Technology) is a cross-disciplinary area that combines Finance, Technology and Innovation Management. FinTech has been one of the most revolutionary forces for driving transformation in financial services and bringing convenience to people across the world.
In 2017 Wrexham Glyndŵr University was proud to launch the UK’s first Financial Technology Management undergraduate programme.
Right in the heart of the Wrexham campus, the FinTech Innovation Centre aims to enhance Wales’ capabilities to be an international and leading FinTech hub in the world. The Centre conducts FinTech related research, consultancy and training projects for the industry, provides support to start-ups, facilitates exchanges among local and overseas experts, and offer FinTech education for students, financial personnel and the public.
The FinTech Innovation Centre works closely with various strategic partners, such as Finexkap in France. Founded in 2012, Finexkap had raised £19.85 million in finance for small and medium-sized enterprises (SMEs) in its first two years. The company was the fastest growing start up in France and one of the five fastest growing start-ups in Europe in terms of revenue in 2016, seeing a 3,500 per cent growth. Cedric Teissier, Finexkap’s co-founder, is well-known in the field and is a member of the Fintech Advisory Group in the World Economic Forum and a founding member and Vice President of France Fintech.
Another strategic partner is FinTECHTalents, organiser of the annual biggest and most important FinTech festival in the country.
The FinTech Innovation Centre has received sponsorship from parties including the Association of Chartered Certified Accountants (ACCA). In addition, the centre is also a training centre of Sage courses – Sage is the third largest ERP system provider in the world.