Backspace to launch its UK R&D centre in Cardiff

Backspace, a leading omni-channel digital banking company, has announced plans to launch its new UK research and development centre in Cardiff.

On announcing the news, the company praised Wales for quickly becoming an important region for technological development, with new tech hubs, events and firms constantly emerging.

With the support of the Welsh Government, it hopes to contribute to the growth of the industry by offering roles for local tech professionals and by attracting new talent to the area.

The company’s new office, which is based in the Atlantic Wharf area of the city, will be officially opened at a ceremony on March 23rd. Local delegates will be invited to the opening.

Once the centre is up and running, Backbase will look to double the number of employees by the end of the year, something it believes is big opportunity for the flourishing Welsh tech industry.

Over the past few years, Backpase has become the market leader in omni-channel banking software, with offices in Europe, the US and Asia. It works with the likes of Metro Bank, Barclays, CheBanca!, Hiscox, ING, KeyBank, Societe Generale and Westpac.

Chris Whitcombe, VP of software design at Backbase, commented on the announcement: “We are delighted to be joining the flourishing tech community in Cardiff.

“The region is showing great potential and has experienced fast growth in the last two years. We look forward to discovering its local treasures as well as its local tech talents.”

First Minister of Wales Carwyn Jones said: “Welcoming a business headquartered in Amsterdam to our capital city is a vote of confidence in the Welsh economy and shows that, despite the uncertainty caused by Brexit, Wales is a great place to invest and do business.

“I was pleased to hear Backbase, which serves to some of the largest financials across the globe, chose to invest in Cardiff because of the region’s strong technical skill set.

“Cardiff was recently ranked in the top ten for growth and retention in the Global Competitiveness Index for Talent and Technology – and this investment, which will create a further 24 well paid, high quality jobs, will only add to our growing reputation as a leader in the field.”