Dutch fintech firm to create 50 new jobs in Cardiff

Dutch fintech company Backbase is planning to create more than 50 jobs in Cardiff after receiving investment from the Welsh Government.

Speaking last week, Economy Secretary Ken Skates explained that the company is expanding its research and development facility in the Welsh capital. It already has offices in Europe, the US and Asia.

The company develops omni-channel banking software. One of its main products is a secure platform that lets banks and other financial organisations implement digital transformation plans.

Currently, Backbase works with over 100 large financial companies, including HSBC, Barclays and Metrobank. The firm said it “hopes that the growth of its Cardiff office will support its aim to be at the forefront of digital banking innovation”.

Backbase explained that it chose to launch its product development facility in Cardiff because the city has a reputable fintech sector. It wants to tap into local talent and help grow Welsh tech.

Last year, Backbase formally opened the facility and created 24 highly skilled jobs. However, it’s now planning to create more roles, which it believes is “instrumental in targeting the growing Wealth Management sector”.

It’s offering positions across areas such as software development, software testing and client support. Ken Skates praised the company’s commitment to Wales.

“I am delighted that Backbase will now be adding a further 50 recruits to its Cardiff workforce following a package of Welsh Government support,” he said.

“Cardiff’s reputation as a thriving fintech hub grows stronger by the month and we remain committed to working with companies in the sector to provide the skills and support they need in order to grow and expand their businesses.”

Chris Whitcombe, CTO of Backbase Wales, said: “The partnership with the Welsh Government was instrumental in bringing Backbase to Wales, not just in terms of making it easy but the relationships they have been able to introduce us to.

“The tremendous pool of talent in the fintech sector and the better work life balance available were also factors in our decision to invest in Wales.”