The winners of the FDATA Open Finance Awards have been announced. 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 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.
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.
FDATA Global Chairman Gavin Littlejohn said:
“Tonight we 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.
“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.”
The winners are:
Most innovative new product feature using account aggregation as a force for making consumer lives better
Best new innovation in consumer savings or wealth journey using account aggregation
Best new innovation in solving problems for small businesses using account aggregation
Best new innovation in driving frictionless digital financial distribution
Best new innovation in third party payment initiation for consumers
Best use of applied data science using account aggregation as a force for good
Best technology provider vending to Open API Standards
Best new innovation from a Technical Service Provider
Most Open Finance / fintech friendly financial institution for the consumer moving into the future
Best innovation in security management: Who has done the most to protect consumer data?
Best products or services designed to improve SME productivity
Open Banking Hero Award
Tara Welkley, Citi