Deloitte has shortlisted several Ireland-based fintech companies in its upcoming Financial Services Innovation Awards.
The professional services company has named small-and medium-sized enterprise (SME) lender Capitalflow as a finalist in its ‘innovation in banking’ category, along with KBC Bank Ireland, and fintech unicorn Revolut.
Capitalflow was one of the alternative lenders authorised to offer the Covid-19 Credit Guarantee Scheme (CCGS) – Ireland’s government-backed Covid-19 loan scheme.
Meanwhile, Revolut has been recognised for winning more than 1.3 million users in Ireland, with more than 1,000 still signing up to the app every day.
Within the ‘most disruptive fintech’ category, AI company AYLIEN, digital onboarding specialists Know Your Customer, and API pioneer Quant were all named as finalists.
Other categories include ‘innovation in insurance’, ‘social and sustainable enterprise’, and ‘innovation in investment management’. The judging panel will also select an overall winner, and will choose a recipient of the ‘leadership award’
The award winners will be announced on Thursday 3 June.
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The judging panel will comprise David Dalton, partner & head of financial services at Deloitte, BPFI chief executive Brian Hayes, FSI chairman Furio Pietribiasi, Enterprise Ireland’s head of ICT & international services Carol Gibbons, Ciarán Hancock, business editor of The Irish Times, and Gulru Atak, head of innovation, Citi.
“The challenges in 2020 highlighted the critical role of innovation across all sectors,” said Dalton.
“In a time of unprecedented upheaval, forward-thinking financial services companies are innovating to create new profit models, generate efficiencies, deliver new products and services, or enhance customer experience and engagement.”