The winners of DIGIT’s inaugural Scottish Financial Technology Awards have been announced, with Money Dashboard and Soar both scooping up two awards each on the night.
The ceremony, hosted at Edinburgh’s Sheraton Grand Hotel on the 25th of September, brought together more than 350 people from across Scotland’s technology and financial services sectors to celebrate and recognise outstanding companies and individuals across the fintech sector.
The event was an opportunity for members of the financial and tech industry to celebrate the development of Scotland’s thriving fintech ecosystem, which has attracted more than £37 million worth of investment over the past 10 years.
Edinburgh-based firm Money Dashboard was named Fintech of Year and Best Fintech Collaboration. Judges praised the company for its innovative consumer ownership model and its tireless efforts to make open banking data more usable and accessible to fintechs through collaboration.
Money Dashboard saw off stiff competition from a host of highly-rated financial technology companies in Scotland, including Modulr Finance, FreeAgent, LendingCrowd, ShareIn and Float.
“We’re absolutely delighted and surprised to win these awards,” said Josie Ellis, head of growth at Money Dashboard. “We’ve got an amazing team and its fantastic to be part of the Scottish fintech community, which is obviously part of making this happen.
“We’re genuinely excited to push the boundaries of fintech in the UK and abroad.”
Glasgow-based startup Soar was awarded the top prize in the Rising Star: Best New Entrant and Social Impact categories. Judges said the company had differentiated themselves by helping the less wealthy as opposed to offering new tools for those who already have money.
The awards ceremony also saw Stephen Ingledew, CEO of FinTech Scotland, win the Evangelist of the Year award, while LendingCrowd founder and CEO, Stuart Lunn, was recognised as Scotland’s Fintech Leader of the Year.
In the Special Recognition category, Louise Smith took home the accolades for her tireless work in championing the Scottish fintech community at home, throughout the UK and further afield.
Accepting her award, Smith called on the Scottish tech community to collaborate and support their counterparts, and provide help wherever possible.
She said: “To all of the people in this room, I say some of the businesses in this room do need your help. Because, as a leader of an organisation, it can be tough sometimes. Everybody in this room has huge expertise, huge experience that can help all of the businesses you see in here today.
“When you go and speak to them, please do something to help – ask what you can do, ask how you can support, but please help, because there are a hundred businesses in this room right now that need your help with design, development, marketing or just helping them scale.
“If you say to them ‘what can I do to help?’ they will tell you and you have a chance to get behind them.”
Below is the full list of all the winners from DIGIT‘s Scottish Financial Technology Awards.
Winners in all categories on the evening are as follows:
- Customer Impact: Lloyds Banking Group
- Product Innovation: Hymans Robertson
- Social Impact: Soar
- Best Fintech Collaboration: Money Dashboard
- Information Security: Zonal
- Financial Technology Partner: The University of Edinburgh
- Rising Star: Best New Entrant: Soar
- Evangelist of the Year: Stephen Ingledew, FinTech Scotland
- Leader of the Year: Stuart Lunn, LendingCrowd
- Financial Services Company of the Year: RBS
- Fintech of the Year: Money Dashboard
- Special Recognition Award: Louise Smith