Fintech awards | |
---|---|
Awarded for | Financial technology |
Country |
FinTech Awards are several award ceremonies, most of them unrelated, which are held worldwide to recognize excellence in financial technology as assessed by either a public vote or panels of judges. There are typically many categories, winners and prizes. Hundreds of companies, including several fintech startups, participate as candidates.
Major fintech award ceremonies are held on an annual basis in India, Australia, Canada, Italy, United Kingdom, and United States. Other jurisdictions such as Luxembourg run these awards on a less regular basis. Some ceremonies are not national but continental, such as the Africa FinTech Summit, the Asia Fintech Awards and the European Fintech Awards.
The first African FinTech Awards and Conference was be held at the Finance Indaba Africa conference and expo in Johannesburg on 13 - 14 October 2016. It gathered Africa's leading FinTech entrepreneurs, bankers, investors and advisors. [1] In 2018, the Africa Fintech Summit was created, running regular award events. The 2024 event is being held in Nairobi, Kenya on 4 - 6 September 2024. [2]
The Asia FinTech Awards are organised by FinTech Intel. These awards were developed to celebrate the burgeoning FinTech community throughout Asia, and the achievements and successes of those companies. [3]
The Singapore FinTech Festival (SFF), the world's largest FinTech festival, has hosted the annual festival and awards ceremony annually, since 2016. [4]
Fintech65, is organized by Fintech Nation, in collaboration with Elevandi and Singapore Fintech Association, annually since 2022.
The 1st Annual Australian FinTech Awards was held on 23 June 2016. The awards were given in thirteen categories. The project, product, research paper, campaign, or activity that is entered must have been created, developed or released in the 18 months before the awards to be a valid entry. [5]
Since 2016, the event has been held every year. The 9th edition happened in Sydney on 21 March 2024 and had fourteen categories. [6]
The Canadian FinTech Awards were created in 2015 by the Digital Finance Institute, [7] a prominent global think tank for financial technology created in 2013. [8] The Canadian FinTech & AI Awards were first held in Toronto to celebrate Canadian innovation.
A Dubai edition of FiNext Awards was run in 2018 by the InternetShine Corporation, [9] a financial technology development company based in the US. The FiNext Conference Awards were first held in Las Vegas. The Dubai event received coverage by the online edition of the Entrepreneur magazine. [10]
Helsinki Fintech Farm is the FinTech hub of Helsinki operated by HUB13. The hub is responsible for the award Best Finnish Fintech company of the year, which aims to recognise innovation and scalability in Finnish fintech companies. [11] Enfuce Financial Services was the winner in 2018. [12]
The Europe FinTech Awards are organised by FinTech Intel. These awards were developed to celebrate the burgeoning FinTech community throughout Europe and their achievements. [13]
The European FinTech Awards is an organization that aims to disrupt traditional financial intuitions by providing a platform for fintech entrepreneurs to collaborate with one another. [14] Like the Dutch and African awards, the European awards are the result of an initiative of Alex van Groningen BV, a Dutch financial publisher. [15]
The awards start with the European FinTech 100, a selection of innovative companies with ground-breaking ideas and technologies. The wide batch is chosen by the vote of more than 55,000 fintech enthusiasts from all over Europe (as of 2016). Then a panel of fintech experts reduces the selection to one hundred companies. The one hundred, in turn, are the pool from which the finalists are chosen. The finalists have the opportunity to pitch during the conference. [16] [17]
The first European FinTech Awards & Conference was held in Amsterdam on 14 April 2016. 413 companies from 34 European countries were nominated. 30% of all nominees were from United Kingdom. [18] [19]
Behaviosec was the winner of the award for the Best European FinTech Company 2016. Winners in the 9 sub-categories were: Monese (Challenger Banks), Funding Circle (Alternative Finance), Ebury (Payments), Wikifolio (PFM), Everledger (Blockchain), Kreditech (Financial Inclusion), Knip (InsurTech), Backbase (Innovative Banking Software), and Behaviosec (Risk, Intelligence & Security). [20]
FinTech Awards is an event organized by the India FinTech Forum along with several startup accelerators. The winners are decided by a panel of industry stalwarts. The event focuses on actual working product demonstrations to encourage innovation and entrepreneurship. [21]
The Italian Fintech Awards originated from the Grand Prix for Italian startups, held in 2014. The Grand Prix and the Fintech Awards were both organized by CheBanca!. The 2016 edition had a call for submission until 31 March, with 12 finalists being chosen among the candidates. [22]
The winner was awarded 25,000 euros, personalized workshops with startup coaches, and a visit to a startup bootcamp in London. In 2016, the co-winners of the ceremony in Milan were Ovalmoney and eXrade. [23]
As at 2024, the annual fintech award events in Italy are run by ItaliaFintech. [24]
The first Fintech Lion Awards, in Luxembourg, were held on 21 June 2016. Among the candidates, 15 start-ups from Luxembourg were chosen to pitch their projects at the semi-finals in May. Ten of them were chosen for the finals, which were held under the patronage of Prime Minister Xavier Bettel. [25]
The FinTech Awards MENA are organised by FinTech Intel. The Awards were developed to recognise the achievements of fintech companies and individuals operating within the region. [26] Categories include FinTech of the Year alongside categories focused on RegTech, Blockchain, InsurTech and Payments.
The first Dutch Fintech Awards took place at the headquarters of host ABN AMRO in Amsterdam in 2015. A 40-member jury gave awards in seven categories. [27] The awards were attended by some 400 national and international fintech investors, companies, experts and executives. [28]
In 2015, Adyen was the overall winner, receiving the award for a lasting breakthrough in the current payment industry. The winners in particular categories were: AcceptEmail (Payments), Five degrees (Banking IT), Bux (Personal Finance), Bitonic (Bitcoin), Sparkholder (Intelligence & Analytics), Symbid (SME). [28]
The call for submissions for the first Swiss Fintech Award was published in October 2015. Any company founded by a Swiss citizen or headquartered in Switzerland could participate. A jury of 16 experts chose the top ten enterprises that would be trained in boot camps. The second round was a speed dating event with the jury and award sponsors in early February 2016. The three finalists pitched their ideas at the financial and economic forum Fintech 2016 on 31 March 2016. The winner won a cash prize and a stay at the Accenture Fintech Innovation Lab in London. [29]
The UK FinTech Awards are organised by the platform FinTech Intel and were developed to celebrate the UK's burgeoning FinTech community and their achievements. The categories are designed to cover the full spectrum of fintech, and submissions are judged by an independent panel of experts. The awards culminate in a black-tie ceremony and dinner, held in London. The 2024 winners included Wise and Aviva. [30]
The first AltFi Awards ceremony was held in 2014. The awards recognised achievements across the global financial technology industry and had Zopa, Monzo and Funding Circle amongst its winners. [31] There were annual AltFi Awards until 2023, when the company had to close alleging “severe headwinds.” [32]
Another notable fintech awards in the UK are the FinanceFeeds Awards, [33] which had their inaugural edition in 2023 and had CMC Markets [34] and TradingView [35] amongst the winners.
The US FinTech Awards are organised by FinTech Intel. These awards were developed to celebrate the US fintech community and their achievements. The categories are designed to cover the full spectrum of fintech, and submissions are judged by an independent panel of experts. The awards culminate in a black-tie ceremony and dinner, held in New York City. [36]
The Benzinga Fintech Awards take place in New York. There are 25 awards and any fintech company can be nominated, with the eligibility not being limited to US companies. [37] The 2023 Benzinga Fintech Awards had Coinbase and E-Trade among its winners. [38]
The Efma Fintech Awards highlight the best in class fintech solutions in several categories, with a panel of experts voting on the best solutions. In 2016, the winners were announced at Efma's Distribution Summit on 14 April 2016. [39]
The FiNext Awards were created in 2018 by the InternetShine Corporation, a financial technology development company. The FiNext Conference Awards were first held in Las Vegas to celebrate American innovation in Finance.
Daizy is an artificial intelligence firm that conducts long-term research in the field of generative AI for investment transparency.
Kriya is a British business finance lender, specialising in invoice finance, business loans and embedded finance. It is described as a FinTech company.
LendInvest is a British non-bank mortgage lender which provides a property lending and investing platform. As an alternative fintech lender in the property market, LendInvest provides finance to property professionals and small and medium-sized businesses (SMEs) around the UK. It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team.
Kantox Ltd is a multinational fintech company that offers Currency Management Automation software for corporate clients. Their software automates the pre-trade, trade, and post-trade stages of the corporate foreign exchange (FX) workflow.
Fintech, a portmanteau of "financial technology", refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as cryptocurrencies. Fintech companies include both startups and established technology and financial firms that aim to improve, complement, or replace traditional financial services.
Financial technology is an industry composed of companies that use technology to offer financial services. These companies operate in insurance, asset management and payment, and numerous other industries. FinTech has emerged as a relatively new industry in India in the past few years. The Indian market has witnessed massive investments in various sectors adopting FinTech, which has been driven partly by the robust and effective government reforms that are pushing the country towards a digital economy. It has also been aided by the growing internet and smartphone penetration, leading to the adoption of digital technologies and the rise of FinTech in the country
Funding Societies is a Southeast Asian digital financing platform for small and medium-sized enterprises (SMEs), headquartered in Singapore. It was the first such platform in Singapore to engage an escrow agency to independently and safely manage investors’ funds. In Indonesia it is known as Modalku. Since its launch, it has disbursed more than US$2.6 billion in business financing to MSMEs through more than 5.1 million loan transactions.
Pocketbook is a Sydney-based free budget planner and personal finance app launched in 2012. The app helps users setup and manage budgets, track spending and manage bills. Pocketbook is the first personal finance app in Australia to offer users the ability to manage their money through linking their bank accounts. As of 2016 Pocketbook claims to support over 250,000 Australians, in January 2018 that number was 435,000.
Fintech Valley Vizag is an initiative of the Government of Andhra Pradesh to promote business infrastructure in the state, and attract investors and multinational corporations to set up offices. Fintech Valley was founded by N. Chandrababu Naidu then Chief Minister of the Andhra Pradesh state in December 2016 with the goal of enhancing Visakhapatnam City as a financial technology capital in Andhra Pradesh.
PayU is a Netherlands-based payment service provider to online merchants. The company was founded in 2002, and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. As of 2018, the service is available in 17 countries. The firm is owned by the Naspers Group, which also owns a stake in one of its sister companies, Tencent.
Nium is a Singapore-headquartered cross-border payments company. Initially founded by Prajit Nanu and Michael Bermingham, and launched as a consumer-remittance platform Instarem in 2014. In 2016, the company introduced its B2B payments platform and rebranded as Nium in 2019, subsequently elevating Pratik Gandhi to co-founder in 2021. However, Gandhi left Nium in October 2023, around the time Nium's Chief Product Officer also left the company and Nium announced a layoff of over 10% of its global staff.
Solaris SE is a credit institution licensed in Germany, with headquarters in Berlin and branches in London, Paris, Milan, Madrid and Vilnius.
Scripbox is a Bengaluru-based digital wealth management service founded in 2012.
Freetrade is a UK-based financial technology company which offers a freemium share dealing service. The company was founded in 2016 and launched an iOS app in October 2018, followed by an Android version in April 2019. In October 2021 the company surpassed one million registered users, with quarterly trading volumes as of March 2021 of over £1 billion. As of November 2021 Freetrade has over £1 billion of assets under administration.
ComplyAdvantage, founded in 2014, is a RegTech company that provides software to help detect and manage risks associated with AML and Fraud. The company uses artificial intelligence, machine learning and natural language processing to help regulated organisations manage risk obligations and counteract financial crime.
Zilch Technology Ltd., known as Zilch, is a direct-to-consumer ad-subsidised payments network. Headquartered in London, Zilch combines payments and advertising to offer customers flexible payment solutions for online and in-store transactions, with the vision "to eliminate the cost of consumer credit. For good".
Mangopay is payments company providing modular infrastructure technology for e-commerce platforms, particularly online marketplaces and platforms, such as Vinted, Chrono24, Rakuten, and La Redoute.
Qupital Limited is a financial technology company backed by Alibaba that develops a platform for cross-border e-commerce financing. The company is headquartered in Hong Kong and has offices in Shanghai and Shenzhen. In 2018, Alibaba Group partnered with Qupital Limited for SMB financing.
Atlantic Money is a London-headquartered financial technology company that offers international money transfers for a fixed fee. The firm was founded in 2020 and officially launched in 2022 by two Americans, Neeraj Baid and Patrick Kavanagh, both early employees of the listed US financial services company Robinhood.
TransferGo is an international online money transfer service that provides direct currency conversion at a fixed rate. Founded in 2012, Transfergo is headquartered in Vilnius, Lithuania, with additional offices in London, Kaunas, Warsaw, and Kraków.