The winners of the FDATA Open Finance Awards have been announced, with UK based Fintech app MoneyHub standing as one of the winners. The company was awarded the “most innovative new product feature using account aggregation as a force for making consumer lives better.” Other winners are saving app GetChip, open banking solutions SaltEdge or Credit Kudos, among others.
The Awards, which are in their second year, have been established to recognise organisations and institutions actively engaged in creating policies and delivering innovations that empower customers to leverage their financial data so that they can make better-informed decisions and take fuller control of their financial lives.
The winners were chosen by a panel of independent industry experts on their ability to demonstrate that the work they are doing to deliver open finance to their clients and consumers is being done in the best interest of those that it directly affects. The Awards recognise excellence in providing innovative financial applications and services to empower customers to make better decisions and take fuller control of their financial lives.
FDATA Global Chairman Gavin Littlejohn said: “We have celebrated the very best of financial innovation being carried out by industry leaders who are committed to delivering open finance to consumers across the globe. In the stunning setting of the National Museum of Scotland, we had a room full of organisations and individuals who are among the world’s most innovative and forward-thinking operating in the open finance domain.
The winners were revealed at a prestigious Awards dinner at the National Museum of Scotland in Edinburgh as part of a two-day global open banking summit on 4&5th December, bringing together key regulators and policy makers from around the world to discuss and debate the delivery of open finance. The summit was held in the city’s iconic McEwan Hall.
“Not only is this a success story for our winners but it is a success story for the sector as we showcase exactly what can be achieved for improved customer outcomes through data enabled innovation. FDATA is proud to be at the forefront of this global movement encouraging collaboration on standards around the world which empower consumers to have more control in managing their finances,” Gavin Littlejohn continued.
– Most innovative new product feature using account aggregation as a force for making consumer lives better: MoneyHub
– Best new innovation in consumer savings or wealth journey using account aggregation: GetChip
– Best new innovation in driving frictionless digital financial distribution: Credit Kudos
– Best new innovation in third party payment initiation for consumers: Truelayer
– Best use of applied data science using account aggregation as a force for good: Tully
– Best new innovation from a Technical Service Provider: Yapily
– Most Open Finance / fintech friendly financial institution for the consumer moving into the future: RBS
– Best innovation in security management: Who has done the most to protect consumer data?: Nuggets
– Best products or services designed to improve SME productivity: Akoni
– Open Banking Hero Award: Tara Welkley, Citi
The Financial Data and Technology Association is a not- for-profit global association for fintech companies that use open finance in their business models. Their members provide innovative financial applications and services to empower customers to make better decisions and take fuller control of their financial lives across all their payment accounts, credit cards, loans, mortgages, investments, pensions and retail insurance. They seek to work with government, regulatory authorities and the financial services industry in their mission to enshrine the rights of customers to be able to share their financial data with regulated actors of their choosing.
Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.