Welsh tech firm to create 20 jobs in Newport
W2 Global Data, a technology firm that offers software as a service, has confirmed it’s to create 20 highly skilled jobs in Newport over the next few months.
After relocating to the Welsh city at the start of the year, the company said it’s doubled in size and is now looking for new talent to achieve further growth.
It develops a plethora of identity verification products that businesses can use to identify online fraud and stop potential money launderers in their tracks.
The solution compares customer transactions to thousands of credible government and commercial sources from across the world, ensuring they’re legitimate.
Warren Russell, CEO of the firm, said companies are increasingly investing in its technology to fight financial crime and expects demand to keep growing.
“The rapid growth of online fraud and subsequent strengthening of the regulatory environment is putting real pressure on online retailers to verify their customers’ identity as part of their risk management and business continuity strategy,” he said.
“Demand for our services has far outgrown our earlier projections and we have doubled our headcount over the past year as a result.”
Russell explained that there’s a great source of talent in Newport. He said it is “the perfect location for the next phase of W2 Global Data’s growth and development”.
He continued: “There is a strong skills base in Newport, and we are keen to develop our relationship with the National Software Academy to increase our staff numbers and enhance the financial ecosystem and technology profile of the South Wales area.”
Thanks to a £2 billion regeneration programme announced by Newport City Council and the Welsh Government, the city has become an attractive place for businesses. Russell agrees.
“Locating ourselves in Newport provides W2 with an opportunity to leverage such software expertise produced by the NSA – be that through the hiring of the trained and skilled graduates or through a collaborative working partnership with the NSA,” added Russell.