FDATA Open Finance Awards 2021 Winners

Mission Statement
The Global Open Finance Awards, hosted by the Financial Data and Technology Association (FDATA), recognises excellence and innovation in Fintech, and the people who make it happen, to drive the delivery and realisation of Open Banking and Open Finance to the market.
Award Categories
These Awards were established to recognise those organisations and institutions that are actively establishing policies and delivering innovation that empower customers to leverage their financial data, so they can make better decisions and take fuller control over their financial lives. Awards will be handed to the organisations that can demonstrate that the work they do to deliver open finance to their clients and consumers is being done in the best interest of those that it directly impacts.
FDATA Open Finance Awards 2021 Winners
Open Banking Hero Award

This award recognises the passion, enthusiasm and success of an individual whose efforts have resulted in open banking being understood, embraced and implemented around the world. Voting for this award will be done via nominations. If you have someone you would like to nominate, please tell us in no more than 500 words why you think they should win. There will be an independent judging panel to select this winner.

Best Open Banking

An award that supports Open Banking needs and successfully delivers new end-user value propositions, products, and services.

Best use of OB in retail consumer money management (including savings & investment) propositions

Specifically leveraging account aggregation. Judges will be particularly interested in how savings patterns have evolved and how the life of the consumer has been improved through this innovation.

Best use of OB in SME propositions

An award for the best use of Open Banking value propositions for small and medium enterprises, which has resulted in tangible benefits for the end-user and organization, brought clear improvements, increased the organisation’s efficiencies and competitiveness, and is commercially viable.

Best use of OB in consumer credit/lending offerings

An award for a technology project in the lending space, which has resulted in tangible benefits for the end-user and the organisation, brought clear improvements, increased the organisation’s efficiency and competitiveness, and is commercially viable.

Best use of OB in SME credit/lending offerings

An award for a technology project in the small and medium enterprise lending space, which has resulted in tangible benefits for the end-user and the organisation, brought clear improvements, increased the organisation’s efficiency and competitiveness, and is commercially viable.

Best new innovation in non-card/bank direct payment services for consumers

This award will go to the organisation that can demonstrate the use of innovative technology to streamline the third party payment process for consumers. Judges will be looking for evidence on whether consumers enjoyed the user experience, whether it displaces previous models of payment and whether the customer protections were well handled.

Best innovation in use of OB data

An award for the most innovative use of Open Banking data in a new value proposition for either the retail consumer, or the SME segment. This award will go to the organization who can prove tangible benefits to the end-user, including improved financial outcomes, a well a commercial viability of the offering.

Open Finance Solution of the Future

Using emerging technologies, putting in practice innovative ideas, reimagining processes and user journeys – this award is for a product/solution/service that will define the future of banking and finance. It can be applicable to any stage of a financial service process and any business line. This is focused on genuinely innovative, forward-thinking open finance business models.

Best OB Fintech Partnership

A successful collaboration between two or more organisations in the banking/financial services industry that has achieved measurable success based on innovation, impact, and scalability. The partnership should demonstrate benefits to all the partners involved, as well as deliver a viable product/service to the end user. This award is not intended for a traditional transactional vendor/buyer relationship.

Best OB Sustainable Finance Initiative

This award will laud an organisation for its endeavours to sustainability and resource conservation (where applicable) and for making a substantial positive impact on the environment. This is inclusive of technologies, processes, products, and services.

Best OB/OF Fintech for Good

This award recognises outstanding contribution to the greater good (primarily charitable causes), including demonstrating a strategic commitment to tackling social issues, outstanding collaboration with industry peers to deliver maximum, sustainable impact for charitable causes, all of which go beyond the standard Corporate Social Responsibility requirements. This award goes to the initiative that has universal and lasting positive change, demonstrates the values of connection, collaboration and generosity beyond the usual confines of business goals, and where the wider community is first priority.

Best OB COVID-19 Response

This is in recognition of a notable contribution to the industry to help fight the Coronavirus pandemic that aids and supports individuals and SMEs in the industry ecosystem economically, socially, and financially.

Judges 2021

Paul Diegelman is Vice President of Data Aggregation and Connectivity at Fiserv. He has over 25 years of expertise focused in payments, financial services, fintech, and open banking markets. He’s led successful growth initiatives for both private equity-owned and Fortune 500 public companies. He has also served as an instructor for 14 years in the UNC Kenan-Flagler executive education treasury management program, has been quoted in publications from American Banker to Mercator’s Payments Journal to PYMNTS.com, and enjoys presenting in the “panels and podcast” space at events such as LendIt Fintech USA, FinDEVr NY, Clubhouse, and Tearsheet’s Data Day.

Bailey Kursar is the founder of fintech-for-good, Touco Lab, where she led the development of an Open Banking app designed to help those with mental health problems manage their money better with the help of a family member or carer. She is also a member of the Government’s Financial Inclusion Policy Forum, as well as an author of an industry guide to inclusive design published by the Money Advice Trust and Fair By Design. Prior to founding Touco, Bailey worked at several early stage ‘fintech’ companies including MarketFinance and Monzo.

David Beardmore is the EcoSystem Development Director at Open Data Implementation Entity (OBIE). His key objective is to facilitate and encourage end-user adoption of products and services powered by open banking. He has 25 years of experience in data-driven insight and marketing and has worked with Experian, Callcredit, and Telefonica. David also ran his own boutique data insight business, Thinkdata, for 5 years before its acquisition by Bertelsmann. Prior to joining OBIE, David spent years as the Commercial Director at The Open Data Institute where he also led their work on open banking, helping governments and regulators in Mexico, Australia, New Zealand, Japan, and Canada. He also regularly speaks on open banking at conferences in the UK and internationally, has co-authored a number of reports on Open Banking, and was interviewed on BBC TV on the day it officially launched in the UK. He sits on the board of Open Data Australia, and also as a non-executive director for Boundless, a theatre company for young people.

Yvonne leads Pinsent Masons’ Financial services technology practice, as well as the FinTech practice. She specialises in advising established financial services companies and fintech start-ups on technology contracts, including outsourcing and IT procurement. She leads several of the firm’s TMT and outsourcing relationships with major banking and insurance clients and regularly speaks and writes on TMT and outsourcing issues specific to the financial services sector. Pinsent Masons are one of the strategic partners of Fintech Scotland and Yvonne is on the board of Fintech Scotland, contributing to the strategy and future direction of that organisation.

Daniel Gusev is currently a managing partner in Gauss Ventures, a European-US Venture Capital firm. Prior to that, he has led product development at several fintech startups, C24 and Paysend. Daniel started and chaired several successful labs and design-driven project offices in leading banks in CEE, Europe and the UK. He was a mentor of several accelerators in the UK, Hong Kong and New Zealand and has been a Fintech Fellow at ICL Business School Centre for Global Finance and Technology at the Imperial College London. His key advisory projects were with VISA CEMEA Innovation Lab, Russian FinTech Association, World Bank’s International Finance Corporation, as well as many international start-ups and financial institutions.