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الوسم: Global FinTech Awards 2024

  • IFAD’s TRACE Blockchain Secures Sustainable FinTech Award

    IFAD’s TRACE Blockchain Secures Sustainable FinTech Award

    Noteworthy Recognition: auxmoney & Ethic

    auxmoney and Ethic are making impressive advancements in sustainability by harnessing fintech innovations to incorporate ESG (Environmental, Social, Governance) factors and to promote conscientious financial decision-making.

    As a leader in financial inclusion, auxmoney operates a prominent digital lending platform across Europe, with a total lending volume nearing €6 billion expected by mid-2024.

    Central to its sustainability initiatives is the issuance of Social Bonds, which offer institutional investors an appealing asset class geared towards generating social impact.

    These bonds enable funding for loans benefiting underrepresented groups, including students, retirees, low-income families, and the self-employed—individuals who are frequently sidelined by conventional banking practices.

    To date, auxmoney has issued four Social Bonds, amounting to €1.325 billion, bolstering the establishment of the European market for sustainable Asset-Backed Securities.

    With clear ESG reporting and a dedicated Social Bond Report, auxmoney highlights the concrete social advantages stemming from its lending activities, such as enhancing borrowers’ financial wellbeing and resilience.

    Moreover, the company’s pledge to reduce its carbon footprint through initiatives focused on green energy and its engagement in the Düsseldorf Climate Pact further underscores its commitment to environmental sustainability.

    On the other hand, Ethic is transforming sustainable investing by providing a customized platform that aligns investors’ values with their financial aspirations.

    Its multi-asset portfolios empower wealth advisors to construct investment strategies that prioritize both environmental and social considerations.

    A significant breakthrough in 2023 was the introduction of Ethic’s Biodiversity & Ecosystems investment solution, which utilizes cutting-edge research to foster investments that champion ecological sustainability.

    The platform also features proprietary data models that enhance portfolio impact by approximately 15% compared to benchmarks, enabling clients to observe the tangible outcomes of their investments.

    Additionally, Ethic promotes financial literacy through initiatives like its new video studio and interactive portfolio reports, assisting advisors in conveying the significance of sustainable investing and deepening engagement with responsible financial practices.

    Both auxmoney and Ethic exemplify how fintech can be a catalyst for sustainability, blending financial inclusion and environmental stewardship with innovative technology.

  • Mangopay Triumphs at Global FinTech Awards for Fraud & ID Verify

    Mangopay Triumphs at Global FinTech Awards for Fraud & ID Verify

    Notable Recognition: Riskified & Facia

    Riskified and Facia are at the forefront of developing innovative AI-based solutions for fraud prevention and identity verification, filling a crucial gap in the fight against the increasing risks associated with online transactions and e-commerce.

    Riskified’s AI-driven platform is specifically built to safeguard online retailers from fraud, chargebacks, and policy misuse, while also boosting customer retention.

    By utilizing extensive datasets from merchants around the globe, the platform provides real-time decisions, fostering a secure environment for smooth e-commerce transactions.

    With its Chargeback Guarantee, Riskified assumes full responsibility for chargebacks caused by fraudulent activities, enabling merchants to concentrate on boosting sales instead of managing risks.

    Features such as Policy Protect and Account Secure defend against first-party fraud and account takeovers by examining customer behavior and detecting irregularities.

    In practical terms, the company has helped Ring stop over $4 million in fraudulent returns and raised Lorna Jane’s authorization rates from 82% to 98%, enhancing both revenue and customer satisfaction.

    Riskified’s dedication to enhancing machine learning models, including deep learning components, ensures that they continuously adapt to new threats.

    Facia, focusing on biometric security, tackles the increasing issue of account takeover fraud through its real-time liveness detection technology.

    With a 0% false acceptance rate certified by NIST, Facia guarantees that only authorized users can complete transactions, verifying identities in less than a second.

    Facia’s commitment to user experience is evident in its ability to conduct precise verifications without requiring users to change their appearance or surroundings, making it highly effective even in complex environments.

    Processing over 10 million verifications each year and collaborating with prominent banks and KYC providers, Facia aims to achieve 100 million checks within the next two years.

    Supported by comprehensive research and development, Facia constantly refreshes its algorithms to stay ahead of spoofing tactics, establishing a new benchmark for biometric fraud prevention.

    Together, both companies illustrate how cutting-edge AI and machine learning are transforming fraud detection, identity verification, and building customer trust in the digital landscape.

  • 30 Days to Go: Countdown to the Global FinTech Awards!

    30 Days to Go: Countdown to the Global FinTech Awards!

    Explore the Award Categories

    The Digital Banking Award recognizes companies that create compelling banking experiences and embrace innovation by effectively leveraging technology.

    The Payment Technology Award honors those that have revolutionized transactions and payment systems through the smart application of technology.

    The Financial Services Award highlights individuals and organizations committed to enhancing personal finance, promoting financial literacy, and delivering customer-focused financial solutions effortlessly.

    A hot topic in the industry, AI continues to inspire extensive discussions about its future role. The AI in FinTech Award recognizes organizations that have skillfully adopted artificial intelligence to develop groundbreaking AI solutions.

    • Fraud & Identity Verification Award

    The Fraud & Identity Verification Award celebrates companies that prioritize secure ID verification for customers, effectively reducing fraud risks and excelling in preventive measures and ID verification technologies.

    • Sustainable FinTech Award

    The Sustainable FinTech Award showcases organizations that have integrated innovative strategies to promote sustainable investing, accurately measured and reported their environmental and social impacts, and leveraged financial technology to advance eco-friendly practices.

    The Finance Technology Award honors companies that have introduced innovative features to streamline financial processes, adopted emerging trends for digital transformation, and utilized technology to elevate the industry.

    • FinTech Consultancy Award

    The FinTech Consultancy Award acknowledges consulting firms that achieve positive results for their clients, demonstrate industry expertise, and encourage collaboration to stay ahead of emerging trends.

    The Future Leader Award highlights executives who foster a diverse, inclusive, and innovative workplace culture, achieving remarkable milestones that underline their leadership potential and aspirations to influence the future of financial services.

    • Executive of the Year Award

    The Executive of the Year Award honors leaders who have significantly influenced the evolution of fintech and insurtech, demonstrated outstanding leadership skills, and achieved tremendous success within their organizations.

    • Project of the Year Award

    The Project of the Year Award acknowledges projects that utilize technology in creative ways to tackle industry challenges, enhance customer experiences, and contribute to the growth of the fintech sector.

    • Lifetime Achievement Award

    The Lifetime Achievement Award pays tribute to distinguished executives who have reached significant career milestones, maintained exemplary leadership, and made substantial contributions to the fintech ecosystem.

    The Social Enterprise Award highlights social enterprises that implement practices aimed at promoting social good, engage stakeholders to ensure accountability in their impact initiatives, and demonstrate a remarkable social impact within their communities.

    The Start-Up Award celebrates new ventures that make a positive difference through their services, assist other businesses in achieving their objectives, and innovate new offerings within the industry.