Railsbank is a FinTech Breakthrough Award Winner.
These awards recognise the top companies and products operating in the financial services and technology industry today.
Railsbank won in the Banking Infrastructure category, with the Best Open Banking API.
The Award organisers said that COVID-19 is driving a major shift in customer behaviours – with a rapid increase in the use of digital payment models and online product and service channels. It has also shifted how businesses operate, with many accelerating investments in digital channels and related enablers in order to meet customer needs. This acceleration will continue to drive fintech investment geared toward succeeding in the ‘new normal’.
They added that the annual FinTech Breakthrough Awards performs the deepest analysis of the industry today to recognize the ‘breakthrough’ innovators in the FinTech market today.
The judging process was streamlined. All award nominations were fully analyzed, evaluated and scored by an expert panel of judges, representing a mix of technical, business, academic and marketing expertise within the industry.
The evaluation criteria for the FinTech Breakthrough Awards program are focused around the concept of innovation. It has developed the evaluation criteria and a corresponding set of assessment tools and scales that it believes allow for a fair, honest and equitable assessment of each entry.