Fintech awards

Fintech awards are now commonplace in the business awards market place. In this article, Thomas Paton discusses the growth of the fintech sector and the concomitant increase in credible fintech awards.

You’ve undoubtedly heard the word ‘fintech’ – a portmanteau of ‘financial’ and ‘technology’ – but did you know that fintech is the fastest-growing sector for UK-based start-ups? In this article I’ll be examining the global fintech phenomenon, as well as asking whether there has been a proportionate reaction from the international business awards market, that is, are the established schemes offering product, service and whole-company categories that recognise fintech excellence? To avoid unnecessary suspense, the good news is that I’ve been able to compile a list of international fintech awards that are both credible and winnable. Read on to learn more! 

The rapid growth in fintech

Between 2018 and 2021, the global fintech sector will supposedly experience an average yearly growth rate of 80%. This eye-catching statistic was first published in Finance for Fintech (2018), a white paper commissioned by The London Stock Exchange that surveyed more that 400 fintech executives from across the globe. As well as painting an enthralling picture of the fintech market place – i.e., demonstrating those countries seeing the most prodigious growth (Germany and UK) and charting the yearly increases of VC investment in fintech start-ups ($14.2B in 2017) – the report also pinpoints several factors that explain why fintech has become such a hive of investment opportunity. Disruptive business models, regulatory amendments and increased customer demand are all cited as turbocharging development within financial services. Since the introduction of Open Banking in 2018, to take a regulatory example, many enterprising B2C businesses have exploited relaxed legislation by integrating banking feeds with novel software applications, much to the delight of customers crying out for smart, web-based banking services. Beyond regulation, though, by far the most radically transformative element within fintech is technological advancement. Enhanced identity management, automation, blockchain and natural language search are just a few domains that are assuring fintech’s rapid, revolutionary change.

“Disruptive business models, regulatory amendments and increased customer demand are all cited as turbocharging development within financial services.”

International fintech awards

UK-based fintech awards

Fintech awards

Fintech awards are now commonplace in the business awards market place. In this article, Thomas Paton discusses the growth of the fintech sector and the concomitant increase in credible fintech awards.

You’ve undoubtedly heard the word ‘fintech’ – a portmanteau of ‘financial’ and ‘technology’ – but did you know that fintech is the fastest-growing sector for UK-based start-ups? In this article I’ll be examining the global fintech phenomenon, as well as asking whether there has been a proportionate reaction from the international business awards market, that is, are the established schemes offering product, service and whole-company categories that recognise fintech excellence? To avoid unnecessary suspense, the good news is that I’ve been able to compile a list of international fintech awards that are both credible and winnable. Read on to learn more! 

The rapid growth in fintech

Between 2018 and 2021, the global fintech sector will supposedly experience an average yearly growth rate of 80%. This eye-catching statistic was first published in Finance for Fintech (2018), a white paper commissioned by The London Stock Exchange that surveyed more that 400 fintech executives from across the globe. As well as painting an enthralling picture of the fintech market place – i.e., demonstrating those countries seeing the most prodigious growth (Germany and UK) and charting the yearly increases of VC investment in fintech start-ups ($14.2B in 2017) – the report also pinpoints several factors that explain why fintech has become such a hive of investment opportunity. Disruptive business models, regulatory amendments and increased customer demand are all cited as turbocharging development within financial services. Since the introduction of Open Banking in 2018, to take a regulatory example, many enterprising B2C businesses have exploited relaxed legislation by integrating banking feeds with novel software applications, much to the delight of customers crying out for smart, web-based banking services. Beyond regulation, though, by far the most radically transformative element within fintech is technological advancement. Enhanced identity management, automation, blockchain and natural language search are just a few domains that are assuring fintech’s rapid, revolutionary change.

“Disruptive business models, regulatory amendments and increased customer demand are all cited as turbocharging development within financial services.”

International fintech awards

UK-based fintech awards