Money Dashboard fought off serious competition to take home this prestigious award, it was the startup’s free personal finance assistant app that secured them the coveted title. Their award-winning app helps users to make the most of their finances, they are able to view all their bank accounts in one place and track financial transactions and then groups them into categories making it easier to asses spending habits and better plan future budgets.
Based in Edinburgh’s incubator Codebase, this ambitious start-up is poised to be at forefront of Open Banking. The win comes after a year of successful crowd funding, in 2017 it exceeded its target of raising £1 million on the Crowdcube platform from over 1,700 investors.
The Oscars of the Banking Industry
This was a popular category with a whole host of new entrants such as Yolt, Cleo and Plum. The UK mobile-only bank, Starling Bank also took home awards for Best Bank and Best Current Account, showing a trend toward the innovative services brought by the implementation of Open Banking regulations in January.
Now in its fourth year, the British Bank Awards recognises trustworthy financial brands, the best products and most innovative banking products. The organisers describe the event as the Oscars of the banking world and all votes come from consumers.
Steve Tigar, Money Dashboard CEO said:
“This is such an exciting time for independent fintechs like Money Dashboard. Tens of thousands voted for their favourite products at this year’s British Bank Awards. Hundreds of thousands are embracing new innovative fintech products and are benefiting from cheaper, faster and better financial services.”
“We’re just getting started. We’re on a mission to help millions of consumers enjoy their money more with our ever-improving app.”
Mickael Paris, the Marketing Director of Fintech Scotland, told DIGIT: “This is a fantastic news for the team at MoneyDashboard and for Scotland more generally. MoneyDashboard has been great a visionary, aggregating bank account a long time before the Open Banking initiative was a reality. It shows that when it comes to financial services, Scotland is still leading the innovation charge the same way it has been doing it for the past 200 years.”