Fidor Bank won in the “Best Use of IT in Retail Banking” category at the 16th Annual Banking Technology 2015 awards this week. Earning recognition in the Readers’ Choice component of the awards were Temenos, FIS, and Misys.
The awards ceremony was held last week in London. The winning companies were chosen from more than 120 entries by eight judges from the fintech industry. Readers’ choice awards were granted based on online voting results from readers of both Banking Technology magazine and bankingtech.com.
Fidor Bank won with its Smart Current Account that offers customers easy onboarding, no credit check, no maximum balance, and a competitive interest rate. Deposits are insured up to the GBP equivalent of €100,000, and the company is running a promotion whereby every “Like” Fidor U.K. gets on its Facebook page increases the amount of interest paid to Smart Current Accountholders.
Talking about the launch of the Smart Current Account back in September, Fidor CEO Matthias Kroner told The Memo’s Alex Wood:
Customers will be able to do a lot more than just transfer money. Customers can move their money abroad, or move it into other services, such as savings bonds and eventually into platforms including P2P lending, precious metals, crowdfunding projects, and so on.
In the Readers’ Choice competition, Temenos won an award for Best Core Banking Product/Service; FIS won Best Payments Product/Service with its Clear2Pay; and Misys won Best Risk Management Product/Service for its FusionRisk Credit solution. All three companies were also winners of the Banking Technology Readers’ Choice Awards last year, along with fellow alum Fiserv, which in 2014 won an award for Best Financial Crime Product or Service.
Fidor Bank participated in FinDEVr 2015 in San Francisco this fall, discussing its approach to No Stack Banking. The company’s last Finovate appearance was at FinovateEurope 2011 in London.
Temenos also presented at FinDEVr 2015, unveiling its B2B Financial Apps Marketplace, and earlier in the year demonstrated its Temenos Connect Mobile Banking solution at FinovateEurope 2015.
FIS demonstrated its Cardless Cash solution at FinovateSpring 2015. Misys presented its FusionBanking Essence Digital platform at FinovateEurope 2015, and Fiserv introduced fintech audiences to its Mobility Enterprise technology at FinovateFall 2015.
Interested in fintech in the U.K. and Europe? FinovateEurope returns to London, England on 9/10 February 2016 for our next fintech conference. Find out more at our FinovateEurope 2016 page .
Binns joined HP in 2007 and served as VP of Software Field Operations and VP of Investor Relations before being named Vice President and CFO, HP Software in 2014. Binns won the Tech IR award from Institutional Investors Magazine in 2014 and 2015, and is a fellow of the Chartered Association of Certified Accountants in the UK.