figo is FinTech of the Year 2016
The Hamburg banking service provider won over an expert jury in the “Later Stage” category
For the third year Paymentandbanking has presented the “FinTech of the Year” award, this time with more than 100 FinTech start-ups submitting applications, from which the jury selected 75 companies for the competition. For the first time the organisers divided the competition into two categories – “Early Stage” and “Later Stage” — with the jury awarding winners for each. But the public was also asked to vote for their personal “FinTech of the year 2016” in both categories, meaning four winners were on stage at this year’s EXEC conference in Berlin. And what could have been more suitable for the award ceremony than a class reunion for the FinTech industry?
ding winners for each. But the public was also asked to vote for their personal “FinTech of the year 2016” in both categories, meaning four winners were on stage at this year’s EXEC conference in Berlin. And what could have been more suitable for the award ceremony than a class reunion for the FinTech industry?
This year’s jury was made up of ten representatives of business and the press, including, among others, Katharina Schneider (@KatharinasNews), financial correspondent for Handelsblatt in Frankfurt, Arnulf Keese (@Arnulf_Keese), general partner at e.ventures, and Andrea Rexer (@andrearexer), Senior Editor at the Süddeutsche Zeitung. The jury was headed by FinTech expert Jochen Siegert (@jochensiegert).
To select a winner in the respective categories, the committee focused on the following criteria:
- Business model // Potential
- Innovation // Disruption
In the “Early Stage” category, the Kontist banking solution won out. In the “Later Stage” category, the experts decided in the end for figo, following previous winners Gini (FinTech of 2015) and Kreditech (FinTech of 2014).
“When people talk about FinTech, they often talk about figo,” said jury chairman Jochen Siegert when awarding the “Later Stage” prize. He described figo as the driving force behind the FinTech industry, on which many FinTechs — from credit marketplaces to account change services or P2P-Payment providers — have built up their products. And at the same time, figo is just as relevant for banks. And so the Hamburg company lives and breathes the new ecosystem and has a central position within it. Siegert emphasised this remarkable quality.
“figo has been changing the industry since 2014 by providing the ‘Banking as a Service’ platform and with the establishment of the Bankathon event series. Long before the word “collaboration” became a FinTech buzzword, figo has always promoted an open, collaborative and customer-centered banking world. The result speaks for itself: bank CEOs talk about figo and FinTech in the same breath – perhaps even as Germany’s flagship FinTech,” says Arnulf Keese.
But how did the audience decide?
In the “Early Stage” category Munich-based SaaS provider Bilendo won over the public and received the most votes in online voting.
The audience prize in the “Later Stage” category went to N26.
“We are very pleased to be able to accept this prize from the industry. We take this above all as an award for our partners who implement solutions and use cases for customers with our platform and infrastructure. In addition, the prize is a motivation for the future, which will be an exciting time with the implementation of Payment Services Directive 2,” says Heiko Rahls, figo COO, of the other winners.
figo makes financial data from thousands of European financial sources easy and secure to use for your digital services – learn more about our products.
Find out more about figo and the team behind it here.