8, December, 2022, LONDON –

The 10 winning and highly commended companies for the annual Finder Banking Innovation Awards have been announced today.

Running for the third year in a row, Finder’s Innovation Awards series recognises financial providers that are innovating in their chosen field, by bringing new and impactful features to the market and delivering unique and beneficial services to their customers.

Winning and highly commended companies have been identified in the following six categories: High Street Bank Innovation, Digital Banking Innovation, Business Banking Innovation, Personal Finance App Innovation, Kids’ Spending App Innovation and the Banking Innovation Newcomer Award.

This year’s High Street Bank Innovation category goes to Santander, while Nationwide was highly commended.

The Digital Banking Innovation category was won by Chip, followed by the highly commended Monzo. NatWest clinched top spot in the Business Banking division, while Starling was the highly commended company.

Moneyhub won the Personal Finance App group, followed by Plum, while NatWest Rooster Money took the top spot in the Kids’ Spending App Innovation category.

And finally, taking home the prestigious Banking Innovation Newcomer award is Quirk.

Commenting on the awards, Kate Anderson, Banking expert at finder.com, said:

“Whether it’s personal finance apps or business banking, the banking sector continues to evolve and innovate. Against the backdrop of the cost of living crisis, this year more than ever, it’s important that providers support UK consumers with the latest tools and services to help manage their money. We strive to highlight financial providers who are doing just that through customer innovation, and I’d like to congratulate all of our winners and shortlisted finalists.”

For more information on the awards and the finalists, please visit: https://www.finder.com/uk/finder-banking-innovation-awards-2022

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Methodology

The shortlist of finalists in each category was selected by Finder’s subject area specialists, who identified the providers they felt were displaying key innovations in their field.

This shortlist was then passed to an expert judging panel (details below), who decided the winning and highly commended companies by assessing the finalists across three different criteria: uniqueness of innovation, impact in the market and value to customers.

The judges:

Makala Green, Schroders personal wealth adviser (Chartered)
Matthew Boyle, banking publisher, Finder
Timothy King, professor of finance, University of Vaasa
Simon Barrows, director of services, Icon Solutions