As 2019 draws to a close, it is time to start planning for the new year. In helping our clients with their PR and marketing plans, we always look at external dates and deadlines, such as editorial calendars for target publications, speaking submission deadlines for events, and entry deadlines for business and industry awards, to organise activity across each quarter.
In this post, we’ve compiled ten FinTech awards to consider for your 2020 PR and marketing plan.
If you’re not sure if entering awards is right for your company, take a look at this post Michelle wrote about the value of business awards as a marketing tool and how to make the most of your wins in your PR and marketing activities.
Get organised with an Awards List
The trick to making the award entry process efficient and effective is to have a running list of awards you want to submit for during the year and work them into your plan one to two months before they are due. This ensures you have sufficient time to prepare a winning entry.
When building your list, you may find that some awards websites don’t have up to date entry deadlines. Typically awards follow a similar timeline from year to year, so if entries are closed now make a note to check back in a couple of months for updated information or register through the website to get notified when they open again.
Qualify the Awards Before You Enter
When reviewing awards, be sure to assess the award categories and judging criteria to determine whether your business fits. Keep in mind some have an entry fee. Where the payment is nominal (less than £250) and the awards are well-respected in the industry they are worth entering.
A condition of entry might be that to receive an award the nominees or shortlisted companies must send a representative to attend the ceremony. There will often be a cost for this also. Awards ceremonies are an important part of the process and provide an excellent way for teams to celebrate their success and network with other high achievers in your industry, including potential new clients. Again if the awards are reputable, the investment is worthwhile.
Some awards are “pay to win” and this often only becomes apparent when sales emails start arriving asking you to pay a fee to claim your award. These don’t hold much value and should be avoided. Reputable awards are always transparent about fees upfront.
Ensure you are clear on any costs and have approvals and budget before starting the entry process.
FinTech Awards to Consider Entering Next Year
There are hundreds of awards to enter across all the financial services markets MD Consulting serves. For this post, we have focused on FinTech Awards because there is a lot of scope for a wide range of companies working in financial services to enter.
- FinTech Breakthrough Awards
Now in their 3rd year, the FinTech Breakthrough Awards recognise the top companies and products in the financial services and technology industry today. These awards are hosted in the US however previous winners this side of the pond include Starling Bank and eToro.
Categories: award categories include payments, personal finance, wealth management, business/ consumer lending, RegTech, InsurTech, and fraud prevention and security.
Entry details: a written submission of up to 500 words answering the question of “How does your product, service or company break through the crowded FinTech market.”
Entry deadline: 10 January, 2020. Winners announced: April 2020.
- UK FinTech Awards
New on the Awards scene this year; the UK FinTech Awards are produced by Barker Brooks Communications, the events and media company behind the well known Yorkshire Financial Awards. They say they developed the awards to “celebrate this incredible industry, and the achievements and successes of the country’s best and brightest.”
Categories: ranging from AccountingTech of the Year to WealthTech of the Year, there is a category for every type of FinTech in these awards. There are also opportunities to highlight the successes of your team or individuals with Training, Online Initiatives and Rising Star award categories.
Entry details: 250 – 1000 word entry addressing criteria specific to each award category.
Entry deadline: 24 January, 2020. Winners announced: 2 April 2020.
- Central Banking FinTech & RegTech Global Awards
The FinTech & RegTech Global Awards from Central Banking bring together the financial sector and the FinTech and RegTech communities to celebrate innovation and excellence. These awards are open to companies worldwide, and this year the award ceremony was held in Singapore.
Categories: these awards have over 20 categories, including FinTech Provider, RegTech Provider, Artificial Intelligence Initiative, Cloud Computing Initiative, Cyber Resilience Initiative, and Technology Provider for Financial Inclusion.
Entry details: 500-word entry addressing the award criteria.
Entry deadline: June 2020. Winners announced: September 2020.
- Finance Monthly FinTech Awards
The Finance Monthly FinTech Awards recognise the true innovators who help drive the FinTech industry forward and help make the sector what it is today. The awards recognise both individuals and companies that have made an outstanding contribution to the sector.
Categories: Fintech Innovation Entrepreneur, Asset and Fund Management Advisor, Insurance and Risk Management Advisor, Commercial Lending Firm, Investment Portfolio Analytics Solutions Firm, Fraud Innovation Firm of the Year.
Entry details: a 500-word statement to accompany category selections.
Entry deadline: nominations and voting open July to October 2020. Winners announced: October 2020.
- AltFi Awards
AltFi is a leading news site for the alternative finance, digital banking and Robo-advice sectors. The AltFi Awards have been running since 2014, celebrating Europe’s leading alternative finance and fintech businesses. Previous winners include Monzo, Starling Bank, Yolt, lendInvest, Funding Circle and Syndicate Room.
Categories: include FinTech, Alternative Finance Platform, Digital Wealth Manager, Digital Bank, and Crowdfunding Platform of the Year, as well as The One to Watch, Special Industry Contribution and the Editor’s Choice Award.
Entry details: 100-word entry addressing the award criteria and an entry fee of £75+VAT.
Entry deadline: August 2020. Winners announced: December 2020.
- Financial Innovation Awards
Hosted by The London Institute of Banking & Finance, these awards recognise world innovation in banking and finance.
Categories: these awards recognise innovation in across a wide range of categories including Payments Transactions, Payments Platform, Open Banking, Mobile, Financial Inclusion, Technology and FinTech Partnerships.
Entry details: not available at this time.
Entry deadline: not available at this time, check back in the new year. Winners announced: November 2020.
- Innovate Finance Women in FinTech Powerlist
The Women in FinTech Powerlist shines a spotlight on the women leading the way for change in financial services. The Powerlist continues to grow with over 1200 responses for the 2018 edition, our highest total since the list’s inception in 2015.
Categories: these awards recognise FinTech professionals who have made a real impact over and above their day-to-day-role, categories include Senior Leaders, Rising Stars, Professional & Finance Services, Investors, Technology Professionals, Policy Makers and Marketers & Communicators who have.
Entry details: a written application addressing the award criteria.
Entry deadline: October/ November 2020. Winners announced: December 2020.
- Banking Technology Awards
The Banking Technology Awards, from FinTech Futures covering the global FinTech sector, are in their 20th year. These awards recognise excellence and innovation in the use of IT in financial services worldwide, and the people who make it happen. The awards series attract major players and specialists in the sector, including JP Morgan, Morgan Stanley, Deutsche Bank, Virgin Money, TSB, Lloyds Bank, and HSBC.
Categories: categories include Best Fintech Partnership, Best Mobile Initiative, Best Use of Emerging or Innovative Technology, Best Use of RegTech and Best Use of AI. There are also leadership awards – Women in Technology, Tech Leadership, Tech Team and Rising Tech Star and Tech Innovation awards for Best Core Banking Solution Provider, Best Open Banking Solution Provider and Most Innovative Banking Technology Provider.
Entry details: not available at this time.
Entry deadline: not available at this time, check back in the new year. Winners announced: December 2020.
- FS Tech Awards
The FStech Awards celebrate technology excellence and innovation within the UK and EMEA financial services sector. The awards are free to enter and open to any financial institutions or technology provider with a UK office.
Categories: there are 28 categories in these awards, including Compliance or RegTech Project of the Year, Digital Transformation Project of the Year, Best Banking IT Team, Best Insurance IT Team, Best Customer Experience, Open Banking Product or Service of the Year, FinTech Investment Deal of the Year and Financial Inclusion Award.
Entry details: 1000 word submission addressing award criteria.
Entry deadline: November 2020. Winners announced: March 2021.
- Fintech City FinTech 50
The FinTech50, now in its seventh year, is an annual list of the 50 hottest FinTech companies in Europe selected by an expert panel in the FinTech industry. They make it clear on their website that it is not an awards programme, and there are no outright winners. Companies can self-nominate to be considered for the list.
Categories: the FinTech50 recognises innovation in delivering value to consumers, business and financial services in Europe, the ACCESS FinTech50 highlights global innovation for the underserved, and the IMPACT FinTech50 highlights innovators championing sustainable development.
Entry details: nominate through an online form providing company details, how your business meets the award criteria and recent achievements.
Entry deadline: December 2020. Winners announced: lists published September 2021.
MD Consulting has a strong track record in getting clients recognised through award wins, from sourcing the right awards for clients to enter to preparing winning submissions that help them get the recognition they deserve and elevate their brand in their chosen industry.
If you would like help in identifying and entering business awards to help raise your company profile, then please, get in touch.