Huddersfield-based The SimplyBiz Group has announced a new name to “inspire better outcomes” for UK retail financial services.
It will now be known as Fintel PLC, as it seeks to demonstrate its “drive towards digitisation.”
“In a new era of financial services, fuelled by increasing regulatory change and rapid digital adoption, we have evolved to become Fintel. As we accelerate our reach with a digitised offering, we will continue to work in the best interests of the market to connect and enable product providers, intermediaries and consumers. We are committed to offering market-leading technology, expertise and insights, underpinned by a drive to simplify and improve retail financial services,” explained Matt Timmins Joint CEO of Fintel.
“The established brands within Fintel combine the UK’s largest provider of support services to financial intermediaries in SimplyBiz with the UK’s leading financial information, ratings and fintech business in Defaqto. It is our ambition to give the market the insights, interconnectivity and support it needs to adapt and evolve to its greatest potential. We are excited to evolve to become Fintel. We are Fintel.”
The company provides technology, compliance and regulatory support to intermediary businesses as well as data and targeted distribution services.
“In 2019, we acquired Defaqto and have recently set out an ambitious digital growth strategy for the medium term. The time is now right to evolve our Group brand into Fintel and harness our knowledge, influence and excellence to help the market and our clients operate more effectively and inspire better outcomes for all,” added Ken Davy, Chairman of Fintel.
