As part of a new interview series, Matt Hyde, Director of the FinTech Awards Wales, talks to a whole host of professionals in and around Wales’ thriving FinTech Sector.
This week Matt caught up with Emma Peterson Director at Recruit 121 (Finance, Technology and Executive) and host of the awards.
1. Now I am sure most have heard of Recruit 121 (Finance, Technology and Executive) but maybe you can give us some background to your time there your current role and the areas you specialise in.
After spending over 16 years working for a large global brand, I decided to take the leap and set up Recruit 121 (Finance, Technology and Executive) with the vision of providing a more personal and bespoke service. My time at the global firm gave me invaluable experience and insights into the finance, technology, and executive recruitment sectors, but I recognized a gap in the market for a more tailored approach that truly puts people first.
Our focus is on quality over quantity, and we pride ourselves on our deep industry expertise and our ability to build long-term relationships. By setting up Recruit 121, I wanted to create a company that truly listens to both clients and candidates, looks beyond the obvious, and delivers exceptional results by matching the right talent with the right clients.
2. What was the motivation behind Recruit 121 (Finance, Technology and Executive) hosting Fintech Awards Wales?
Recruit 121 hosted the Fintech Awards Wales to support and showcase the talent and opportunities in Wales, recognize and celebrate local achievements, and position Wales as a strong fintech hub to attract more startups and talent to the region. By celebrating the achievements of local professionals and companies, we aimed to demonstrate the depth of expertise available in Wales.
Most importantly we wanted to show Wales as a strong fintech hub to attract more startups and talent to the region. The awards event served as an opportunity to spotlight the numerous business and career opportunities within the Welsh fintech sector. By bringing attention to successful startups, established companies, and innovative projects, the event showcased Wales as a fertile ground for fintech growth. This helped to raise awareness among potential investors, entrepreneurs, and job seekers about the vibrant ecosystem in the region.
Through the Fintech Awards Wales, Recruit 121 sought to position Wales as a competitive fintech hub on both a national and international level. This was part of a broader strategy to enhance Wales' reputation as a leading fintech destination, which in turn would contribute to the region's economic growth and development.
3. How does hosting the Fintech Awards align with Recruit 121’s mission and objectives in the finance, technology, and executive recruitment sectors?
Hosting the Fintech Awards Wales aligns seamlessly with Recruit 121's mission and objectives in the finance, technology, and executive recruitment sectors by reinforcing the core values and approach that define our company's identity.
In summary, hosting the Fintech Awards Wales is a natural extension of Recruit 121’s mission and objectives. The event showcases our dedication to putting people first, understanding sector-specific needs, and building long-term, genuine relationships with both clients and candidates. It aligns with our commitment to exceptional delivery, leveraging our extensive experience to support and grow the fintech community in Wales.
4. How does Recruit 121 (Finance, Technology and Executive) engage with the Fintech industry beyond hosting the awards?
We engage with the fintech industry in a variety of meaningful and impactful ways beyond hosting the Fintech Awards Wales, demonstrating our deep commitment to supporting and shaping the fintech landscape across the UK.
We are not only active participants in regional and national fintech initiatives but also play leadership roles that influence the sector’s direction. Our involvement in board activities, collaborations with key regional fintech organisations, and exclusive recruitment for significant entities like CFIT, all demonstrate our deep commitment to supporting and advancing the fintech industry across the UK.
5. What advice would you give to Fintech start-ups and established companies about building a strong team?
Building a strong team is crucial for both fintech startups and established companies, as the success of your business often hinges on the quality, collaboration, and resilience of your team.
Hire for both skill and cultural fit. Ensure that candidates have the technical expertise and industry knowledge required for our roles. In fintech, this might include a deep understanding of finance, regulations, cybersecurity, and emerging technologies like blockchain or AI.
Building a strong team in fintech requires a deliberate and thoughtful approach. By focusing on the right mix of skills, cultural fit, continuous development, and a supportive, innovative work environment, you can create a team that not only excels in our roles but also drives your company toward long-term success. Whether you’re a startup or an established company, investing in your team is one of the most important strategies for achieving and sustaining growth in the competitive fintech industry.
6. Can you share any highlights or notable moments from past Fintech Awards that you are particularly proud of?
Over the years, the Fintech Awards have been a remarkable platform for celebrating innovation and success within the fintech sector, and there have been several highlights that stand out for me.
One of the most rewarding aspects has been witnessing the growth and progression of companies like Finalrentals, Credas, and Sonovate. These companies have not only demonstrated exceptional innovation and leadership but have also become key players in the fintech industry, both in Wales and beyond. It’s been incredibly gratifying to see how the recognition they’ve received at the Fintech Awards has contributed to their continued success and expansion.
7. How is the judging process different to many other awards and why?
The judging process for these awards is distinct from many others due to its highly personal and interactive approach, which emphasizes direct engagement and in-depth evaluation rather than relying solely on written submissions.
Unlike many awards that rely on written applications or nominations, each successfully shortlisted individual or company in this process is invited to participate in a personal interview with a panel of credible and highly regarded professionals. This adds a layer of credibility and rigor to the process.
This direct interaction allows the judges to gain a deeper understanding of the applicants beyond what can be conveyed on paper.
The process involves meeting applicants mostly face-to-face, which adds a personal touch and allows the judges to better assess the authenticity, confidence, and interpersonal skills of the applicants. This face-to-face interaction creates a more dynamic and engaging evaluation process compared to purely written assessments.
8. Finally favourite book you have read and why?
The Nightingale by Kirstin Hannah Beautifully written book, very descriptive to the point you can smell and feel the environment, about the 2nd World War and the role women played in it. It shows the resilience, bravery, courage and heroism of women at the time.