LHV UK, a banking service provider to 200 fintech companies, appointed risk and data science consultancy, Jaywing to help create its cloud-based data infrastructure.
Leveraging the consultancy’s experience in regulation and data management best practices, Jaywing will establish a data infrastructure and reporting suite in line with UK regulatory standards and optimise LHV UK’s AWS-based data infrastructure for regulatory reporting.
LHV UK, a subsidiary of the largest domestic financial group and capital provider in Estonia, LHV Group, is in the process of applying for a full UK banking licence. The application was submitted in March 2022 and is subject to regulatory approval by the Prudential Regulatory Authority and the Financial Conduct Authority.
Jaywing benefits from over twenty years of experience working with some of the UK’s leading lenders and new entrants to the market, including Virgin Money, Vanquis Bank, TSB, Close Brothers and Starling Bank.
Russell Fogg, Chief Information Officer, LHV UK, says
“We were originally looking for two contract data engineers to help us develop our data infrastructure. Jaywing provided a better solution - a flexible team of data engineers, DevOps and regulation experts with the right skills to meet our ambitious deadline. We are delighted to be working with the consultancy and support other UK fintech companies in the process.”
Inderjit Mund, Data Management Practice Director, Jaywing, commented
“Jaywing’s data engineering specialists are always thrilled to support organisations launching businesses in the UK. We are excited to work with the ambitious team at LHV UK and provide them with the data infrastructure they need to successfully operate in the UK.”