15, December, 2020, LONDON –

The 11 winning and highly commended companies for the inaugural Finder Banking Innovation Awards have been announced today.

Finder’s new 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.

This is the first time that personal finance comparison site, finder.com, has focused its Innovation Awards series on the banking space.

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

The biggest winner at these inaugural awards was Starling. The digital challenger bank won in the Business Banking Innovation category and was highly commended in the Digital Banking Innovation section.

The Digital Banking Innovation category was won by Monzo, while in the Business Banking division, both ANNA Money and Tide were the highly commended companies.

In the High Street Bank Innovation category, Lloyds Bank took the victory and NatWest was highly commended.

Yolt won the Personal Finance App group, followed by Emma, while RoosterMoney took the top spot in the Kids’ Spending App Innovation category, ahead of gohenry.

Commenting on the awards, Jon Ostler, CEO at finder.com, said:

“Whether it’s business banking or kids’ spending apps, the banking space has seen a great deal of innovation recently. This year, more than ever, it’s important that UK customers feel in control of their finances and have access to the latest tools and services to help manage their money. We strive to highlight financial providers who are at the forefront of 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/current-accounts/finder-banking-innovation-awards-2020

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:
Dawn Dunn, FinTech Cluster Manager, Dynamo
Gavin Brown, Associate Professor in FinTech, University of Liverpool
Matthew Boyle, Banking Publisher, Finder
Simon Barrows, Director, Archioptiryx