Innovation in treasury management is just one of the categories awarded recognition at last night’s second annual Fintech Innovation Awards, where 500 of the best and brightest innovators in finance packed out The Brewery in central London.
At the Awards, whose media partners were GTNews and sister websites bobsguide and paymenteye, WalletSizing by Vallstein won the innovation in treasury prize, while other notable winners from the night were Azimo for innovation in money transfer and Zopa CEO Giles Zopa for fintech leader of the year.
The awards were hosted by Julia Streets, founder and CEO of Streets Consulting who welcomed Rt Hon Matt Hancock MP, Minister for the Cabinet Office and Paymaster General as a guest speaker.
The evening also featured a keynote presentation from Dan Ariely, bestselling author and Professor of Psychology and Behaviour at Duke University who talked about our relationship with money and how it affects decisions about our finances. He also pointed to the choice that entrepreneurs ultimately have in finance right now: building technology that exploits the mistakes people make with their finances or technology to help people improve their relationship with money.
After the buzz that has surrounded fintech startups in the past couple of years, the emphasis is now moving toward building sustainable businesses and the talk is notably shifting from antagonism with incumbents to an atmosphere of collaboration and partnership. Speaking at the event, Dan Cobley, former head of Google UK and now a partner at fintech venture capital investor Brightbridge Ventures, said that while some of the “froth” might be coming out of fintech investment as investors start zeroing in on unit economics, right now the UK financial tech sector is as exciting and vibrant as ever.
The FIA’s saw 15 of the most exciting and innovative people and projects in FinTech received awards. The list of winners includes:
Innovation in Corporate Banking
Winner: Idea Cloud by Idea Bank SA
Highly commended: Cashplus Business Current Account by Advanced Payment Solutions
Innovation in Insurance
Winner: Bought By Many Platform by Bought By Many and Ping An Insurance
Innovation in Treasury Management
Winner: WalletSizing by Vallstein
Highly commended: Citi Working Capital Analytics by Citi
Innovation in Wealth and Asset Management
Innovation in Risk Management
Winner: Imagine Software
Innovation in Trading Systems
Winner: FX Connect from State Street Bank
Highly commended: Babel by Bravura Solutions
Innovation in Cyber Security
Winner: GlobalGateway by Trulioo
Innovation in Lending
Highly commended: SalaryFinance
Innovation in Money Transfer/FX
Innovation in Data Solutions
Winner: Nomis Solutions
Innovation in Payments
Winner: Zwipe Payment by Zwipe
FinTech Start-up of the Year
Marketing Campaign of the Year
Winner: Cashless on the Catwalk at London Fashion Week by The 10 Group and Visa Europe Collab
Highly commended: Taking fingerprint payments to the world by MagnaCarta Communications for Zwipe and MasterCard
FinTech Leader of the Year
Winner: Giles Andrews, Executive Chairman and Co-Founder, Zopa
FinTech Innovation of the Year
Congratulations to all of the winners, a massive thank you to all of the sponsors and attendees and don’t forget to enter next year!
To discuss partnership opportunities and secure your table at next year’s awards, get in touch with Stephen McMaugh or call +44 (0) 208 080 9164
Far and away, the largest financial market on the planet is the foreign exchange currencies market, where on average individuals and organisations trade more than $5 trillion daily. In the FX world, the ability to master the market isn't considered a luxury for treasury officers–it's a necessity.
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
When it comes to corporate innovation, debates on technology and sponsoring commercial activities have a limited value threshold if it is not coupled with innovative actions, Omeed Mehrinfar, Plug & Play, told an audience of treasurers.
Using data for predictive analytics is the future of banking success, argued Jean-Laurent Bonnafé, CEO of BNP Paribas, in his session on how the bank is reinventing its approach to innovate with and for corporates.