On April 13, 2016, 500 of the best and brightest innovators in finance packed The Brewery in central London to attend the 2016 Fintech Innovation Awards, the annual celebration of the most innovative financial technology projects and pioneers. The awards were hosted by Julia Streets, founder and CEO of Streets Consulting, who welcomed Rt Hon Matt Hancock MP, Minister for the Cabinet Office and Paymaster General as a guest speaker.
At the awards ceremony, Trulioo was presented with the "Innovation in Anti-Fraud/Cyber Security" award for its global identity verification platform/API, GlobalGateway. Trulioo's VP of Sales, Amy Penn, collected the award on behalf of the company.
“We are truly honored to receive this prestigious award,” said Zac Cohen, General Manager at Trulioo. “Fintech continues to be at the forefront of innovation, and that requires equally innovative RegTech solutions for risk management, security, and fraud. Our Compliance-as-a-Service technology addresses that need, enabling pioneering technologies to grow their businesses and protect their users on a global scale.”
GlobalGateway connects Trulioo clients to more than one hundred data sources in over 40 countries to provide instant ID verification for over 4 billion consumers, with a special focus on emerging markets where many people have little to no access to the traditional banking system. By comparing registration information against information collected and hosted by trusted and secure data sources, GlobalGateway provides real-time identity verification around the world through a single integration.
This year’s award categories honor the highest achievements in the global fintech space, and reflect the exciting innovations driving the sector.
Below is a full list of 2016 Fintech Innovation Award winners:
Innovation in Corporate Banking: Idea Cloud by Idea Bank SA
Innovation in Insurance: Bought By Many Platform by Bought By Many and Ping An Insurance
Innovation in Treasury Management: WalletSizing by Vallstein
Innovation in Wealth and Asset Management: EquityZen
Innovation in Risk Management: Imagine Software
Innovation in Trading Systems: FX Connect from State Street Bank
Innovation in Anti-Fraud/Cyber Security: GlobalGateway by Trulioo
Innovation in Lending: MarketInvoice
Innovation in Money Transfer/FX: Azimo
Innovation in Data Solutions: Nomis Solutions
Innovation in Payments: Zwipe Payment by Zwipe
FinTech Start-up of the Year: ClearScore
Marketing Campaign of the Year: Cashless on the Catwalk at London Fashion Week by The 10 Group and Visa Europe Collab
FinTech Leader of the Year: Giles Andrews, Executive Chairman and Co-Founder, Zopa
FinTech Innovation of the Year: ClearScore
What the judges said: "GlobalGateway was the most innovative solution in its category. The panel was particularly impressed with its offer of instant access to a very large number of data sources worldwide, through a single integration."
The ability to instantly verify identities around the world will break down the walls that create barriers for cross-border commerce, payments, communication and consumption. Verified identities help build the first layer of trust between consumers, merchants, financial institutions - and pretty much anyone doing business online.
Congratulations to all the 2016 Fintech Innovation Award winners! And a tremendous thank you to GTNews and sister websites BobsGuide and PaymentEye for an incredible evening filled with innovators, luminaries, and thought leaders in fintech.
Download a copy of the special report to learn more about the 2016 Fintech Innovation Awards.