Opening a new office and creating up to 100 new jobs are among the bank’s investment plans
Challenger bank and specialist mortgage lender Tandem Bank has announced it is investing in a new office in Cardiff, with plans to create up to 100 new roles as part of its long-term strategic ambitions.
Aside from opening a new office and creating jobs, Tandem plans to establish Cardiff as the base for its motor finance business.
The bank also aims for the Welsh capital to become a centre of excellence for its green home improvement lending operations and wider first charge mortgage operations.
Tandem currently employs approximately 500 colleagues across the UK. In 2021, the bank was ranked as one of the UK’s top 20 fintech firms by data platform Beauhurst. Its investment plan in Cardiff is expected to make it one of Wales’ leading fintech companies, while also expanding its footprint across the UK.
“Today’s announcement is yet another step Tandem is taking on its mission to be the UK’s greener, digital bank,” Susie Aliker, chief executive at Tandem Bank, said. “Our new Cardiff office is an integral part of the bank’s growth plans, supporting our growing green lending business, and becoming the home for new Tandem Motor Finance division.”
Read more: Tandem Bank appoints next CEO.
Supporting the investment in Cardiff, Russell Goodway, cabinet member for investment and development at Cardiff Council, said Tandem Bank’s decision to invest further is a clear endorsement of the digital skills base in the city and the business infrastructure.
“Tandem will be joining a growing financial services cluster in Cardiff which includes a wide range of fintech businesses who have made their home in the capital city, and have established Cardiff as one of the UK’s fastest growing fintech centres,” he said.