Awards are a great way to get your market talking about your business. Last year we published 10 FinTech Awards to consider entering in 2020, which we have expanded this year to include the RegTech sector. Read on to learn how awards can help raise your profile and view the list of 10 Awards that FinTech and RegTech firms should consider for 2021 – all in date order.
If getting more of your market talking about your business is high on your agenda for 2021, awards can be a great way of standing out from the crowd. And while it can feel like a win is the only result that matters, the process of entering your company for an award has value too. Just through the submission process, you get your company on the radar of the publishing firm or industry body behind the awards. Judging panels often consist of industry journalists and senior executives and technology experts in the companies you want to target with your products or services. For a strong award entry, that meets the submission criteria, you can be sure it will be read closely by the judges.
A shortlisting for an award is an excellent result for profile-raising, with your company name listed alongside other finalists on the awards website and read out at the awards ceremony. With all the challenges of 2020, it was fantastic to see many awards continue and awards ceremonies move to online events. While the networking and celebratory elements were certainly not as rich, we saw great attendance at the awards ceremonies attended by our clients. We expect to see a hybrid next year, where awards ceremonies offer an in-person event alongside an online screening, just like the Oscars.
Winning an award is the icing on the cake, with your company name front and centre for the category you have won. In addition to being announced at the ceremony, your company name and often logo will be listed online. And there may be media opportunities for an article about your award-winning technology or an interview with your CEO. You can share the win on your social media channels and include it in an email update to your contact list, and add the award logo to your website to help build credibility with visitors who are researching your product or service.
With the benefits of applying for awards covered, let’s move onto the opportunities for 2021.
The 10 best FinTech and RegTech awards to consider for 2021
- FinTech Breakthrough Awards
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 Yolt and Banking Circle.
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: 6 January 2021.
- 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: 7 January 2021.
- 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: 15 January 2021.
- The RegTech Insight Awards
The RegTech Insight Awards – Europe from the A-Team Group celebrate providers of leading RegTech solutions, services and consultancy. These awards recognise both start-ups and established providers who are creatively finding solutions to help with regulatory challenges and span a wide range of regulatory requirements.
Categories: there are 36 categories to enter, including Best Data Solution for KYC, Best KYC Software for Client On-Boarding, Best Innovative Technology for Regulatory Compliance, Best Vendor Solution for Financial Crime, and Best ESG Regulatory Solution.
Entry details: a written application of up to 500 words.
Entry deadline: 15 January 2021.
- European FinTech Awards
The European FinTech Awards are hosted by FinTech Intel, the global market intelligence platform for financial services technology. With Europe home to many of the world’s premier financial services centres and a burgeoning financial technology market, these awards celebrate the community, achievements and successes of Europe’s best and brightest.
Categories: there are 25 awards in three categories: technology, company and individual. Technology categories include FinTech, RegTech, WealthTech, InsurTech and Pensions Tech.
Entry details: a written application between 250 and 1000 words.
Entry deadline: 26 February 2020.
- Fintech City FinTech 50
The FinTech50 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 entry criteria and recent achievements.
Entry deadline: 21 March 2021.
- Banking Technology Awards
The Banking Technology Awards, from FinTech Futures covering the global FinTech sector, have been running for 21 years. 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 deadline: to be announced, likely Q3 2021.
- Regulation Asia Awards for Excellence
The Regulation Asia Awards for Excellence recognise the continuing excellence of financial services institutions, market infrastructures, technology firms, and service providers across the region who ensure the highest compliance standards are upheld despite an ever-changing and increasingly complex regulatory landscape.
Categories: awards are grouped in three broad areas – Institutional Resilience and Integrity, Financial Crime, and Payments, Markets and Infrastructure, with categories including Technology Risk Management and Business Continuity, KYC/CDD/EDD and Onboarding, PEPs and Sanctions Screening, Payments Innovation, AI and Machine Learning, and Cloud Innovation.
Entry details: answer set questions in an online submission form and supply supporting information.
Entry deadline: to be announced, likely Q3 2021.
- UK FinTech Awards
The UK FinTech Awards are produced by Barker Brooks Communications, the events and media company behind the well known Yorkshire Financial Awards. 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 and RegTech Initiative 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: 26 February 2021.
- AltFi Awards
AltFi is a 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 £49+VAT.
Entry deadline: to be announced, likely Q4 2021.
MD Consulting has a strong track record in getting clients recognised through award wins; from sourcing the right awards to enter to preparing winning submissions that help our clients get the recognition they deserve and elevate their brand in their specific sector.
If you would like help in identifying and entering business awards to help raise your company profile, then please get in touch.