Last night, over 500 of the best and brightest fintech innovators gathered at the second annual FinTech Innovation Awards.
Held at The Brewery in central London, the awards were hosted by Julia Streets and welcomed Rt Hon Matt Hancock MP, Minister for the Cabinet Office and Paymaster General as a guest speaker. The evening also featured a fascinating keynote presentation from Dan Ariely, bestselling author and Professor of Psychology and Behaviour at Duke University.
Dan captivated the audience with several anecdotes that crystallized a lot of ideas we have about payments. One notable story involved how our view of money is relative: if a shop assistant at a stationer’s that sells a pen for £30 tells us that a shop further down the road sells the exact same pen for £8 less, we would more often than not go to the second shop. But if we go to buy a suit for £1500 and the shop assistant tells us that a shop down the road sells the exact same suit for £8 cheaper, we would probably stay in the first shop. The £8 is the same, but everything around that is different.
The attendees’ laughter showed how the payments and fintech industry as a whole would do well to heed Dan Ariely’s advice and start thinking more about the psychology of payments.
And now to the reason why were all suited and booted last night: the winners of the awards.
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 secure your table at next year’s awards or discuss partnership opportunities, get in touch with Stephen McMaugh or call +44 (0) 208 080 9164
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