Last night, bobsguide and PaymentEye FinTech held the FinTech Innovation Awards 2015 (FIAs) at The Brewery, London. With over 400 industry experts and delegates in attendance, the awards honoured the highest achievements from the global financial and payments technology industries over the past year, celebrating teams and individuals who are leading within the sector.
The awards ceremony, which featured live music, a champagne reception and three-course dinner, was hosted by Julia Streets, Founder and Director of Streets Consulting, who addressed the “brightest and best of financial services and technology”, with help from the voice of the National Lottery and Strictly Come Dancing, Alan Dedicoat. Sponsors on the night were Investec, Treasury Express, Yodlee Interactive, Bright Bridge and Wex.
Some of our first round winners were Bellin for best treasury management system, Yoyo dominated in mobile banking and commerce and Handpoint won in the mobile point-of-sale category. Cashcloud won best the mobile wallets category, Jumio got the award for best anti-fraud/security initiative and SimCorp came out on top in the asset management system category.
INETCO topped the data solutions category, and AxeTrading received an award for its contribution to trading systems on the buy and sell side. Rhydian Lewis, founder and CEO of RateSetter was named FinTech Leader of the Year and as of last month, the peer-to-peer lender had lent half a billion since its launch in 2010. Ratesetter’s rapid growth is partially due to a number of strategic partnerships with firms such as the British Business Bank.
Online savings and investment management service Nutmeg won the award for top FinTech Start-up and Early Stage Company. As a new online, cheap and transparent investment management company, Nutmeg has attracted 40,000 users in three years and launched its first personal pension last month to disrupt the UK pensions sector.
Barclaycard bPay won the award for top contactless payment initiative, Panamax’s Mobifin took the award in the emerging market’s category, and SafeCharge came first in risk management systems.
Design Studio won the FinTech Marketing/PR Campaign of the year award for Nutmeg’s “Investing without the bankers” campaign. It targeted London commuters during ‘ISA season’, and was featured across the London Underground network, rail and on billboards on roads into London.
British Business Bank Investments won the award for the top alternative finance debt funder. Funding Circle, RBS and Santander took the award for FinTech Deal of the Year. The deal means that the banks refer small business customers looking for a loan to Funding Circle, where they are placed to help. Funding Circle has lent £494m since its inception four years ago, including £40m from the Government’s British Business Bank.
Fiserv's ANZ won the award for best project implementation team.
Finally, the award for FinTech Innovation of the Year was given to next-generation insurance intermediary Bought by Many, which helps communities or groups buy insurance on better terms than they could access alone. A full list of the winners can be found here.
Keynote speeches on the night were held by legendary English former rugby union player and coach, Sir Clive Woodward, Founding CEO of FinTech incubator Brightbridge and former Google Managing Director, Dan Cobley and independent consultant and previous VP, Technology and Research, Visa Europe, Andrew Vorster.
During his keynote, Woodward told the audience about his mantra, “Whoever wins in IT tends to win” which he installed into the England rugby team before they went on to win the 2003 Rugby World Cup Final. Woodward said he gave the team laptops to learn IT skills (which he followed up with a clip of an awkward looking bunch of rugby players figuring out how to use a computer) and also invested in software which enabled the team to analyse their performance during matches and view the game in a different way. Woodward said that the software, which held data on each and every player, really made them understand the game and play better. His advice for the companies within the financial technology sector is to enable the whole organisation to use new software and encourage them to comment on it.
Cobley told the audience that he believes “London is the best place in the world to be a FinTech leader right now.” He said that he made the move from Google into fintech because some of the best and brightest people are choosing to go into the $130bn a year fintech industry and he wanted to be part of an industry where so many other talented people are.
During his keynote, Vorster told the audience about his expensive six month round-the-world trip, after which he was surprised to receive an email from his bank offering him discounts on activities that were not relevant to him. Vorster showed a quote that said, “Once you realise you deserve better...letting go is easy” which he said sums up his relationship with his bank which he is leaving for a new non-bank entrant.
The FIAs were a breath of fresh air for the industry, because they didn’t feature the usual event speakers and provided an opportunity for companies to learn from and recognise those who are already thinking outside of the box when it comes to financial technology.
If you missed the awards ceremony, dont worry here is a sneak peek of the event: