In fintech, to innovate is human. But to implement is divine.
That’s the takeaway from the FinXTech Awards, which recognized five fintech innovators not just for the technology they’ve created, but for the partnerships with banks to put their technology in the hands of customers.
Two of the five award winners at this year’s event are Finovate alums. BizEquity earned recognition for its work with Metro Bank, and Malauzai Software won its award through its work with Somerset Trust Company.
“Part of our mission from the start has been to collaborate with financial services partners to strengthen their offering and facilitate their expansion,” BizEquity CEO Michael Carter said. “Increasingly we are seeing partnerships between banks and fintech companies as both realize the mutual benefit of such collaborations, we are excited to be at the forefront of this development.”
Malauzai CPO Robb Gaynor similarly praised the benefits of bank/fintech partnerships: “We’re proud to work with innovative partners such as Somerset Trust, as these collaborative efforts between banks and fintech companies deliver numerous benefits to the overall industry.”
Additionally, three Finovate alums earned recognition as finalists.
- Ignite Sales with Central Bancompany
- StrategyCorps with First Financial Bank
- Zopa with Metro Bank (U.K.)
The FinXTech Awards are sponsored by Bank Director, an information resource for directors and officers at FIs. The Awards were part of Bank Director’s annual FinTech Day held at the Nasdaq MarketSite in Times Square on March 1.
Biz Equity demoed its BizEquity One U.K. solution at FinovateEurope 2015. Malauzai’s most recent Finovate appearance was at FinovateSpring 2015 where the company presented its Virtual Banking Experience technology.