Katharine Adlard, director at PwC and chief of the PwC monetary providers tax staff within the West & Wales, has labored with companies within the monetary providers (FS) sector for greater than 18 years.
On this Q&A, Matt Hyde, managing director at Fintech Awards South West, chats to Adlard to be taught extra about working within the fintech business and supporting monetary providers companies.
Inform me about your function and description your agency’s involvement within the fintech business.
PwC is pleased with our full-suite native FS specialist staff working throughout tax, offers, audit and consulting, with specialists advising on FS issues in all sectors of the business primarily based in our Bristol and Cardiff places of work.
I primarily advise and audit established, regulated FS companies, corresponding to insurance coverage corporations and retail banks / constructing societies, however am more and more being known as upon to assist new FS startups.
I’ve been concerned in FinTech West since its inception, the place PwC was a founding associate. I’m proud to now sit on the FinTech West advisory board – facilitating classes via our partnership, sharing perception within the business and contributing to thought management.
PwC performs a pivotal function inside the business, working with fintechs at each stage of their evolution, being properly positioned to deliver related gamers collectively from giant incumbents to early-stage fintechs. Whereas the panorama is advanced and more and more crowded, we imagine that there’s vital worth available for each incumbents and innovators from the cautious curation of fintech partnerships, and vital funding and worth creation alternatives for a variety of traders.
What impressed PwC to develop into a sponsor of Fintech Awards South West?
We’ve been sponsors of The FinTech Wales Awards since their inception and have discovered them to be of nice profit to the enterprise – and to the broader market. So when the chance got here round to sponsor the South West equal, we have been extraordinarily eager to be concerned.
PwC sees each the fintech and broader know-how sectors as key sooner or later success of the South West. We need to recognise and encourage the unbelievable entrepreneurial companies and people who deliver to life the big selection of options offered by fintech, together with a variety of disruptors and artistic drawback explorers, which is why we really feel that the Awards are such an important match with our technique right here at PwC.
The ‘Rising FinTech Star’ class which we’ve sponsored since supporting the inaugural Wales Awards resonates with our imaginative and prescient and group ethos to develop and develop one of the best upcoming expertise.
Are you able to share examples of profitable collaborations between PwC and fintech corporations which have resulted in modern options or providers for purchasers?
PwC launched the fourth InsurTech Scale programme in September 2023. The 12 week programme is a platform to scout and join one of the best fast-growth Insurtech scale-ups, for PwC and our giant purchasers and to create industrial alternatives. The Scale | InsurTech programme is an accelerator programme that connects business leaders and resolution makers in insurance coverage organisations, to merchandise from B2B InsurTech scale-ups with the goal to create mutual industrial alternatives for scale-ups and organisations alike.
Extra regionally, via our hyperlinks into FinTech West and FinTech Wales, and our continued assist of the Awards on either side of the Severn Bridge, we’re offering assets, expertise and perception to the fintech ecosystem and group, and helping in coaching the expertise of the longer term via native and nationwide initiatives such because the MSc in Cybersecurity & Expertise, which is collectively curated with Cardiff College.
The fintech sector is characterised by fast modifications and regulatory concerns. How does PwC help fintech startups in navigating advanced regulatory landscapes whereas sustaining their modern spirit?
Whether or not a fintech is simply beginning out or a longtime monetary providers supplier, partnerships and collaboration are elementary to the power to scale. Placing the correct assist round an organisation, connecting with regional networks, and discovering alternatives to collaborate – with different fintechs with incumbents, and even with the regulator – are just a few examples of the foundations for fulfillment that PwC helps.
How does PwC leverage its numerous experience to assist fintech corporations in growing holistic and sustainable enterprise methods?
Supporting modern start-ups is one thing we’re doing an increasing number of right here within the South West. With devoted native useful resource supporting each Personal Enterprise and Monetary Companies, we deliver a novel mixture of specialists who can discuss to all of the complexities of start-up enterprise in a monetary providers and regulatory context.
Since November 2022, PwC has offered Cardiff Capital Area Metropolis Cope with assist in establishing and launching its Innovation Funding Capital fund, and has suggested and offered operational assist to Capricorn Fund Managers within the sourcing of funding and screening and reviewing potential investee corporations. Because the fund’s Various Funding Fund Supervisor, Capricorn Fund Managers present portfolio and danger administration providers. The fund is sector-agnostic and has obtained purposes from a variety of sectors together with fintech, medtech, client, vitality and atmosphere, development and synthetic intelligence, amongst others. Additional investments are anticipated within the coming months, which is able to assist to catalyse regional development via new employment alternatives and accelerated financial growth.6. The Fintech Awards South West supplies alternatives for networking and knowledge-sharing. How does PwC see its involvement within the occasion benefiting each the corporate and the fintech group within the South West area?
Being concerned within the Awards in Wales has given us nice perception into how our involvement with The FinTech Awards South West will profit PwC and the broader group within the South West. From the excessive variety of introductions and connections the sponsorship has introduced us via to the status of the Awards night time itself, it’s been a extremely useful alliance for us.
Our continued funding within the Awards – alongside all the different companions – helps to construct a momentum of vitality and buzz, whereas bringing fintech individuals collectively. It will solely improve the fintech community within the South West and allow our regional successes and story to be showcased extra extensively.
Lastly on a private stage what has helped or impressed you essentially the most in your profession and what recommendation would you give to others?
I’d advise others to:
Help and collaborate with others willinglyBe daring along with your nice concepts and search assist in your journeySome of one of the best tales have been borne out of problem and even failure, so don’t be afraid of that and present ardour, dedication and resilience to permit you and your concepts to develop.