Trulioo_Fintech_Award_Winner

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.

Trulioo Top 10 Emerging Global Fintech

After perusing the latest innovations at FinovateEurope, the premier demo-based financial technology (fintech) conference in London, Trulioo attended an awards ceremony hosted by KPMG and H2 Ventures where the team was presented with the Top 10 Emerging Global Fintech Startups Award. The Top 10 list designates the most promising emerging innovators amongst the Fintech 100 list, which includes the world’s leading and most intriguing companies to watch in the fintech sector.

KPMG describes the ‘Emerging Stars’ as exciting new fintech companies with bold, disruptive, and potentially game-changing ideas. Companies in the Top 10 include (in alphabetical order): Avoka, Bankable, BioCatch, COLU, ebankIT, Elliptic, Personetics, Qumram AG, SlimPay and Trulioo.

“This prestigious honor validates Trulioo’s mission in advancing market proven technologies that remove compliance barriers to innovation,” said Jon Jones, President at Trulioo. “The emergence of RegTech exemplifies the role that agile compliance centric solutions such as Trulioo’s GlobalGateway will undoubtedly play both now and in the future.”

KMPG Global Fintech 100

Working with some of the top players in payments, finance, and eCommerce, Trulioo’s global identity verification API helps businesses expand into new markets safer, faster, and easier than ever before. By automating identity verification at scale with seamless integration, Trulioo powers fraud and compliance systems for international businesses helping save time, reduce operational costs, and facilitate a more transparent online verification process.

“In an industry that will soon be irrevocably changed by the disruptive effect of innovation, the companies doing fintech best are those most likely to succeed. Already, some of the world’s major financial centers are equally becoming known as centers for fintech innovation: London and New York, and more recently Sydney,” said Toby Heap, H2 Ventures. “This year’s Fintech 100 highlights the truly global nature of fintech innovation, with startups from 20 countries on the list. Many of these companies have an X-factor that captured attention – exciting new fintechs with bold, disruptive and potentially game-changing ideas.”

The Fintech 100 report is a collaborative effort between H2 Ventures and KPMG, offering an in-depth look into the most exciting global companies that are taking advantage of technology to revolutionize the financial services industry. The report identifies payments as being the part of the fintech sector most at risk of digital disruption and we also note the rapid emergence of insurance fintech. It is also positive to see the development of the fintech ‘enablers’, which are seeking to provide services and capabilities to financial institutions. This needs to form a core part of how incumbent’s seek to respond to the threats and opportunities that come from disruption. The report stated that funding for fintech businesses is estimated to total $20 billion in 2015, an increase of 66 percent from 2014.