The winners of the 2019 Fintech and Regtech Global Awards

The winners of the 2019 Fintech and Regtech Global Awards

Fintech & Regtech Global Awards is an award among the firms that provide essential support to the community with innovation and outstanding work in banking. In this article I am going to name the most outstanding players in Central Banking you should know!

According to Central Banking data the winners were

The Hong Kong Monetary Authority who is doing his best to become new global fintech hub just received Global Impact Award.

The 2019 Pioneer Award goes to the Banque de France. The central bank established Le Lab in 2016 with new digital programme. Le Lab helps to bring artificial intelligence (AI) and advanced data analytics to the central bank’s work and does it very successfully.

Techforward Award goes to Bank of England’s (BoE) Prudential Regulation Authority, which has been using AI to improve its analytical capabilities and automate processes.

The Central Bank of the Philippines received two awards, for data management and the use of AI. The BSP developed a system with an application programming interface (API) to streamline the transmission, processing, warehousing and analysis of prudential reports. The BSP also developed a ‘chatbot’, which can register, classify, sort and analyse customer complaints.  This chatbot can be easily integrated into social networks like Facebook Messenger and webchat.

Best Sandbox Initiative award goes to Brazil. With its Lift sandbox, it requires firms to meet full regulations, rather than the common approach of allowing weaker rules before firms transition to market.

The European Central Bank receives the award for Best Cyber Resilience Initiative, with new Tiber-EU framework for ensuring the cyber resilience of regulated firms. It adds more security in financial sector.

Frankfurt-headquartered BearingPoint who strongly believe in power of blockchain/DLT is the winner of this year’s Distributed Ledger Technology Provider Award. BearingPoint says its approach helps firms keep up with ever-changing regulations and differs from other blockchain networks by actively involving regulators.

Vizor, another key regtech player, takes the award for Global Regtech Provider of the Year. Vizor is building a “Data Gateway” for the MAS, which will launch in 2020.

The cloud-based platform Token.io received Global Fintech Provider of the Year. Token.io helps banks adapt to the demands of Europe’s second payment services directive (PSD2), by providing them a an API for data in banking.

India’s Bonfleet took the award for financial inclusion technology with its platform for short-term credit.

Famous Bloomberg becomes the winner of the data analytics award. Bloomberg provides central banks worldwide with the right information and analysis when they need it. The company’s analytics are powered by 50 million distinct streams of data, which help central banks streamline their decision-making.

Novabase takes the Best Data Management Provider for Regulatory Compliance Award. Its systems help firms translate their regulatory reporting data into the formats that central banks demand.

Kaizen Reporting wins the Best Technology Provider for Regulatory Compliance award. Kaizen is helping firms keep up with their reporting requirements.

Exiger, wins an award for AML technology, it provides companies with a global governance, risk and compliance framework, which enables companies to report to central banks and regulators.

Have you heard about Fintech and Regtech Global Awards? Can you name any other outstanding Fintech project deserving this award? If you have your question, please write it below, I would be glad to answer your questions or to introduce your project to my team at Astorts Group to be evaluated.