Today at the FT Banking Summit in London, judges at the Financial Times’ inaugural Future of Fintech Awards picked Transmit Security and Paytm as respective winners of the ‘Innovation’ and ‘Impact’ categories.
The awards, which received 225 entries in their first year, recognise companies and projects using new technologies to disrupt the global financial services industry. The ‘Innovation’ category accepts entries from companies incorporated on or after 1 January 2011 with an annual turnover lower than $3m, and the ‘Impact’ category looks at larger financial institutions that were either incorporated before 1 January 2011 or have an annual turnover higher than $10m.
The shortlisted companies were:
Innovation award -
Impact award -
Patrick Jenkins, FT financial editor and chair of the judging panel, said: “The breadth of entries for the FT Future of Fintech Awards shows that financial technology is disrupting every corner of the banking sector. It was a fine balance whittling down to the shortlist between those with an original idea and those with financial longevity. Eventually the judges agreed that Transmit Security and PayTM were worthy winners for their ease of use and huge potential.
The judges were:
Patrick Jenkins, Financial Editor, FT (chair)
Martin Arnold , Banking Editor, FT
Bob Collymore, Chief Executive, Safaricom
Anshu Jain, Senior Advisor, McKinsey Global Institute
Ricardo Pérez, Professor of Information Systems, Instituto de Empresa
Kosta Peric, Deputy director, Financial Services for the Poor, Bill & Melinda Gates Foundation
FT|IE Corporate Learning Alliance is a knowledge partner of the FT Future of Fintech Awards.
For further information on the awards and shortlisted companies, visit FT.com/fintech.
This year the FT launched the #fintechFT email newsletter, bringing readers the best FT coverage and analysis from a global network of correspondents, as well as linking to the top Fintech news around the web.
- Ends -
For information about sponsoring the FT Future of Fintech Award 2017, please contact:
Commercial Director, FT²
T: +44 (0)20 7873 3476
For more information, please contact:
Sin Yee Hon
+44(0)20 7873 3811
About the Financial Times:
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 810,000. Mobile is an increasingly important channel for the FT, driving more than half of total traffic.