What led to the launch of Fintel?
We sought to find a brand which was fresh, exciting and reflected our aim and vision. The vision of Fintel is bold yet simple; we will inspire better outcomes by enabling retail financial services to operate more effectively.
To achieve that vision, our mission is clear. We will simplify and improve UK retail financial services by acting in the best interests of the market, connecting and enabling advisers, providers and customers through technology, people and insights that help inspire better outcomes for all.
How will the new structure be beneficial?
As a house of quality brands, the defining purpose of Fintel will be shared - each brand growing from strength to strength as a part of Fintel.
SimplyBiz will continue as the foremost brand in outsourced compliance and business services to directly authorised advisers in the UK. Defaqto will continue as the Uk's leading financial information business, helping financial institutions, advisers and consumers make better informed decisions.
And, as Fintel, we will continue to grow organically within our existing quality brands, as well as seek the appropriate opportunities to add further brands that fit our vision and our mission.
What does this mean for me, as a Partner of Fintel?
When it comes to the delivery of our Distribution Solutions to our product provider partners, our strategy is clear.
We will continue to help you build better products and distribute them more effectively. We will use our unique market insight and understanding - powered by our fintech footprint and financial information in Defaqto - and introduce you to appropriate advisers through SimplyBiz and its underlying intermediary service propositions, such as Compliance First, Signature and SimplyBiz Mortgages.
We will inform your product design strategy with real adviser and end consumer data. We will connect you to the right target market of intermediaries through technology integration and highly targeted marketing based on your specific requirements.