New Chief Commercial Officer at Legado

Scottish fintech firm Legado announced it had appointed Colin McKay as its first Chief Commercial Officer.

Colin McKay has over 25 years of experience in senior roles in the UK and global banking sector.

McKay was a partner in several firms, including K Legal/KPMG Law, Eversheds, and Shepherd & Wedderburn and he also held a variety of management roles and responsibility for various key institutional accounts.

More recently, Colin spent over 5 years as CCO of Almis International  a growing financial technology company in the UK banking market, with responsibilities including both sales and account management.

Josif Grace, CEO & founder of Legado said:

“Colin understands the potential ”“ and increasing need ”“ for personal data storage within the digital experience offered by financial institutions, having worked in both the finance and technology sectors both domestically and internationally. We are delighted Colin has decided to take up this role and help us scale the business, laying the groundwork for continued success.”

Colin McKay said:

“The team has already demonstrated an ability to develop a scalable product and close early enterprise deals, and the market’s clearly starting to open up. So it’s a very exciting time to be coming on board….”

Bearer and Trace announce industry partnership

Bearer, the Data security risk platform, has partnered with Trace, a privacy, data security and data governance expert solutions company, to help companies leverage the best of services and software and build a connected compliance programme.

The Trace team brings decades of experience in working with companies to build their data security and data governance capability and apply a proactive Privacy by Design approach. And at Bearer, the team are innovating data risk assessments to build intelligence and stack visibility – meaning customers can scale inventories and surface critical data risks.

Together the teams bring the best blend of human and tech capabilities to help progressive organisations connect the dots for joined up data security, privacy and risk programmes.

“We have been working with Sorcha, and Trace for a number of months now and from the outset, what struck us was her deep expertise in the field while at the same time a fresh perspective that immediately connected with what we do at Bearer. By working together we believe we can offer the industry a very different outlook and bring together a new direction for data security in general.”

Guillaume Montard, CEO Bearer

“Holistic is a word much used – and abused – in this area, but we really are taking that as our North Star in creating this partnership. Together with Bearer, we’re on a mission to break privacy, governance and security out of the silo and help build connected compliance across the ecosystem. We’re going to help organisations properly embed data protection compliance properly so that it informs and enriches everything they do.”

Sorcha Lorimer, Founder Trace

Trace and Bearer’s partnership will kick-off with a complimentary clinic where attendees can pose real life dilemmas to our lead experts. This is ideal for FinTech leaders looking for a fresh perspective on data risk and compliance.

A white paper proposing solutions to some of the most pressing data compliance issues facing organisations will follow, sponsored by the Bearer Data-Sec Lab and community.

Clearwater Analytics’ IPO Fuels Global Expansion

Clearwater Analytics is on a mission to revolutionise the world of investing.

For more than 15 years, Clearwater Analytics has provided a true SaaS solution for investment accounting and reporting that’s now trusted by more than 1,000 clients worldwide, including institutional investors in insurance, asset management, corporate treasury, the public sector, and more.

In September, Clearwater took an important step in furthering that mission through an IPO. The company is now listed on the New York Stock Exchange under the ticker symbol CWAN.

Although this is an exciting achievement for the company, in many ways it’s business as usual at Clearwater. Clearwater has always prioritisedinvesting a large share of profits ”“ 25%+ back into research and development to ensure the continual improvement of the Clearwater solution and to meet evolving market needs. That commitment continues.

In recent years, Clearwater has also committed to a global expansion that enables the company to grow and support clients around the world. Going public helps support that expansion in Europe, a major part of Clearwater’s global team, where the company recently opened offices in Paris and Frankfurt, in addition to existing offices in London and Edinburgh. Clearwater also operates in the U.S., India, and Singapore.

“Clearwater has rapidly expanded our European client base, including adding some of the largest European financial institutions as clients”, said Colin Clunie, Head of EMEA Operations at Clearwater. “This shows the exciting opportunity we have to continue to grow in the region and deliver to our clients at a local level. It also enables us to attract the highest calibre of diverse talent to support our growth, foster innovation, and create solutions for tomorrow’s challenges.”

The Edinburgh operations centre which serves as a key operations hub for Clearwater has grown by 30% so far in 2021, and that’s expected to continue. Clearwater is building out capabilities at all levels ”“ from recent graduates to senior industry professionals. Further, the European team alone speaks 22 languages. This means Clearwater has the depth and expertise to provide world-class service tailored to the individual needs of its growing client list, regardless of location.

Clearwater’s SaaS solution automates and simplifies the complex tasks associated with investment accounting and reporting while providing clients with a complete and validated investment data set across their portfolios daily. For global teams, Clearwater’s multi-basis, multi-currency solution is accessed simply through a web browser, making it easy to work from any location and trust the entire team has access to a secure, single source of truth for investment data.

Scottish fintech Legado partners with MoneyHub

Today, Scottish fintech Legado announced a new partnership with open finance company Moneyhub.

Moneyhub customers will benefit from Legado’s encrypted personal Digital Vault services , enabling them to store their pension, life insurance and mortgage statements and policy documents securely and electronically.

By holding all those documents from different providers in one place, Moneyhub users can get a clearer picture of their financial histories and plan for the future. They will also be able to securely share those documents with selected third parties, such as advisers, friends and family. Each user will receive their own personal, portable and access-controlled vault, with features including after-death sharing and data integrations.

Legado is backed by UK insurer M&G and Edinburgh-based global platform-as-a-service provider FNZ, both part of the FinTech Scotland cluster.

Sam Seaton, CEO of Moneyhub said:

“As an Open Finance and Open Banking leader, Moneyhub truly is a hub for money, offering connections to pension and wealth management accounts, banking, insurance and investment, and more. And one thing all the various account types have in common is paperwork, which is why we have partnered with Legado to offer our clients a market-leading digital vault solution.”

Josif Grace, CEO & Founder of Legado said:

“As two technology leaders focused on helping businesses create exceptional digital experiences and consumers better prepare for the future, this partnership made a lot of sense. We are delighted to be working with the team at MoneyHub to create a world-class proposition.”