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Monday 16 September 2019

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Challengers and incumbents share the spoils

Written by Peter Walker
22/03/19

Incumbent institution J.P.Morgan and growing startup Curve both came away with two awards each at last night’s FStech Awards.

The 19th annual industry gathering, celebrating the best of financial services technology, took place at London’s Marriott Grosvenor Square.

J.P.Morgan Asset Management’s Strategic Hedge product won out in the Best Use of IT in Wholesale & Investment Banking category, while J.P.Morgan Corporate and Investment Bank’s Tax Lot Harvester solution was named Data Management Project of the Year.

Curve meanwhile, picked up Payments Innovation and Most Disruptive Financial Sector Technology trophies for its work in bringing credit and debit cards into one.

Elsewhere, traditional banks like Barclays, HSBC and Bank of America shared the stage with challengers like Starling Bank, ANNA Money and Nuggets.

The full list of winners is as follows:

1. Best Use of Data & Analytics

Previse

2. Best Use of IT in Retail Banking & Insurance

iProov & ReadID

3. Best Use of IT in Wholesale & Investment Banking

J.P.Morgan Asset Management (Strategic Hedge)

4. Best Trading System

Horizon Software

5. Best Use of Social Networks of Gamification

Auto Service Finance

6. Best Use of Technology in Customer Service

Refinitiv

7. Data Management Project of the Year

J.P.Morgan Corporate and Investment Bank (Tax Lot Harvester)

8. Best Use of Mobile

Barclays

9. Digital Launch of the Year

ANNA Money

10. Anti-fraud/Security Solution of the Year

Featurespace

11. Compliance or RegTech Project of the Year

Bank of America

12. Systems Integration Project of the Year

Allied Irish Bank

13. Blockchain Project of the Year

Nuggets

14. Cryptocurrency Innovation of the Year

Circle

15. Partnership or Collaboration of the Year

Lloyds Banking Group & Publicis Sapient

16. Payments Innovation of the Year

Curve

17. Financial Sector Innovation of the Year

Netwealth

18. IT Team of the Year

Credit Suisse

19. Cloud Computing Innovation of the Year

Emirates NBD

20. Risk Management Software of the Year

HSBC

21. Most Innovative Product of the Year

CYBG

22. Technology Provider of the Year

Cashfac

23. Online Technology Provider of the Year

Checkout.com

24. Most Disruptive Financial Sector Technology

Curve

25. Consumer Finance Product of the Year

Starling Bank

26. FinTech or InsurTech Startup of the Year

Token

27. Social Responsibility Award

Morgan Stanley



FStech editor Peter Walker sits down with Rackspace solutions director Rhys Sharp to discuss cloud adoption challenges - skills shortages, cultural barriers, legacy systems - and the solutions that the company offers, as well as trends within cloud migration and regulatory attitudes towards the industry.

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