Main UK digital challenger financial institution, Tandem Financial institution, has introduced it’s investing in a brand new workplace in Cardiff, with plans to create as much as 100 new roles because it continues to ship on its ambition to offer banking for a greener future.
As a part of the financial institution’s long-term strategic ambitions, Tandem’s funding plans in Cardiff embody:
- signing an settlement to open a brand new workplace in central Cardiff
- creating as much as 100 new jobs – which can improve the financial institution’s complete employment in Cardiff to over 170
- establishing Cardiff as the bottom for Tandem’s motor finance enterprise
- changing into a centre of excellence for the financial institution’s inexperienced residence enchancment lending operations and wider first cost mortgage operations.
Tandem at the moment employs roughly 500 colleagues throughout the UK.
In 2021, the financial institution was ranked as one of many UK’s high 20 fintech’s by Beauhurst.
Tandem’s funding plan in Cardiff will make it one among Wales’ main fintech’s, whereas additionally increasing its footprint throughout the UK, with main places of work and centres of excellence in Blackpool, Cardiff, Durham, London and Manchester.
Susie Aliker, CEO, Tandem Financial institution, stated:
“As we speak’s announcement is yet one more step Tandem is taking up its mission to be the UK’s greener, digital financial institution.
“Our new Cardiff workplace is an integral a part of the financial institution’s development plans, supporting our rising inexperienced lending enterprise, and changing into the house for brand new Tandem Motor Finance division.”
Supporting the funding in Cardiff, Councillor Russell Goodway, Cupboard Member for Funding and Growth at Cardiff Council, stated:
“I’m delighted Tandem Financial institution are organising a brand new workplace in Cardiff, creating 100 new jobs on high of the 70 already based mostly right here. Their resolution to speculate additional is a transparent endorsement of the digital abilities base within the metropolis and the enterprise infrastructure.
“Tandem might be becoming a member of a rising monetary companies cluster in Cardiff which incorporates a variety of Fintech companies who’ve made their residence within the Capital Metropolis and have established Cardiff as one of many UK’s quickest rising fintech centres.”
Tandem acquired Cardiff-based inexperienced lender Allium Cash in 2020, and earlier in 2022 acquired main client lender Oplo.
The financial institution is re-branding all three companies underneath the Tandem model, as a part of its ambition for Tandem to offer banking for a greener future.
The newly-enlarged group gives market-leading merchandise in financial savings, mortgages, inexperienced lending, private loans and a profitable Oplo motor finance proposition.
As a part of its continued development, the financial institution might be launching a newly branded Tandem Motor Finance division, constructing on the success of the present Oplo motor finance providing.
