1. BEST FINTECH APP/WEBSITE
The Judges are looking for a FinTech with an outstanding App or website, that has very high user ratings (on the App Store, Google ratings etc), that offers users a clear, concise, easy to use functionality with high daily/weekly usage, use of Ai to help customers find services and apply for new products, use pf personalisation, customer engagement (eg notifications), gamification and education on finance. NPS and retention data may also be used in your application.
2. BEST INNOVATION IN LENDING
This award recognises a consumer or business lending fintech which offers a new or significantly improved service that implements technology to bring benefits to either lenders and/or borrowers, or lending marketplaces. Judges are looking for an innovative use of credit modelling, data elements and/or an improved user experience, or volume growth.
3. BEST HOME LOAN INNOVATION
This award recognises a home loan (mortgage) lending fintech which offers a new or significantly improved service that implements technology to bring benefits to either lenders and/or borrowers, or lending marketplaces. Judges are looking for an innovative use of credit modelling, data elements and/or an improved user experience, or volume growth.
4. BEST FINTECH-BANK COLLABORATION
The Judges are looking for partnerships, specific projects, or products, that showcase how a bank (listed banks, ADIs, Customer Owned Banks) and a fintech firm have worked, or are working together. The Bank partner for the submission can be Australian or an overseas based Bank, however the FinTech must be an Australian based fintech.
5. BEST FINTECH & NON-BANK COLLABORATION
The Judges are looking for partnerships, specific projects, or products, that showcase how a non-bank (for example, Credit Unions, Building Societies, Non-Bank Lenders etc) and a fintech firm are working together. The Non-Bank partner for the submission can be Australian or an overseas based Non-Bank, however the FinTech must be an Australian based fintech.
6. BEST USE OF Ai IN FINTECH
The Judges are looking for the best use of Artificial Intelligence (Ai) in a fintech service; Ai can help fintech firms offer machine-learning human-like services at scale, and can include accurate and faster decision making, intelligent customer support, fraud detections, financial advice, and claims management, and more.
7. BEST INNOVATION IN PROPTECH
The Judges are looking for the most innovative use of technology to solve the property sector’s biggest issues; to be included in this category, the PropTech business needs to have a value proposition substantially connected to finance / asset register / payments.
8. BEST INNOVATION IN ALTERNATIVE INVESTMENTS
The Judges are looking for the most innovative use of technology to solve the challenges of offering Alternative Investment Products at scale. The definition of Alternative Investment Products is broad and includes products not covered by the other award categories.
9. BEST INNOVATION IN DIGITAL ASSETS
The Judges are looking for an outstanding Australian platform, product or App in the Digital Asset sectors that has launched, has customers, and offers customers a way to access Digital assets and/or be the digital Custodian or payments provider.
10. BEST AccountingTech, Expense Management, Payroll & Benefits
The Judges are looking for the most innovative use of technology, UX & UI experience, compelling pricing, to solve the key corporate challenges of accounting, expense management (incl FX), payroll and benefits.
11. Best Sustainability Initiative (includes ESG, GreenTech, Blue Ocean Finance initiatives)
The Judges define Sustainability as a societal goal with three dimensions: environmental, economic and social. Initiatives developed by fintechs can be used to guide financial decisions at the global, national and at the individual consumer level. This category is also seeking FinTechs that are leading consumers towards a net zero emissions economy, and/or helping businesses/Governments transition to a zero-emission economy. This category also include any tech business involved in ‘Green-Tech’ or ‘Blue Ocean Finance’ (meaning initiatives that use the oceans to mitigate, capture or offset carbon emissions) where there is a financial component (eg tradable certificate or payment for carbon credit/capture, or blue ocean bond etc) to the platform/service.
12. YOUNG FINTECH LEADER OF THE YEAR
The Award Judges are looking for an outstanding individual under 35 years of age who has consistently contributed to the advancement of the fintech sector.
13. FEMALE FINTECH LEADER OF THE YEAR
The Award Judges are looking for an outstanding female individual who has consistently contributed to the advancement of the fintech sector.
14. FINTECH LEADER OF THE YEAR
The Award Judges are looking for an outstanding individual who has consistently contributed to the advancement of the fintech sector.
15. FAST STARTER AWARD
The Judges are looking for the most impressive Early Stage FinTech; les than one year old. The definition being the FinTech must be in market, but less than 12 months in market (as at approx time of judging, August 2023). The fintech should demonstrate impressive growth and traction; this could be customer numbers, FUM, partnerships, capital raised, staff numbers or any number of fast starter growth metrics.
16. BEST FINTECH GROWTH STORY
An Award that celebrates a fintech that’s going gangbusters! This category is open to any Australian fintech that can demonstrate they are achieving great things in Australia and/or around the world (metrics could include new market growth, client growth, revenue, downloads etc).
17. ASHURST FINTECH STARTUP OF THE YEAR
This is the most exciting Award of the night. The Judges are seeking a FinTech start-up business (a start-up is 7 years or younger) that has made a huge impression in the financial services sector with new and innovative services, creating competition and transforming the way we experience financial services.
1. Entrance is FREE.
2. Submissions open on 13th June 2024
3. You can enter a maximum of 5 Award Categories.
4. You can only enter one submission per Category. You cannot enter multiple submissions in the same category.
5. For each Award Category the Judges will select THREE finalists. Finalists will be invited to the FinTech Awards night, and the Winner will be announced on the night. Finalists will not need to buy a ticket to attend.
6. The project, product, research paper, campaign, or activity you are entering must have been created, developed or released by an Australian company in the past 5 years; we realise fintechs take time to develop, launch and scale products.
7. The Judges decision is final and no correspondence will be entered into.
8. The FinTech Awards are open to Australian owned companies and Australian Entrepreneurs. Australian companies are defined as a Pty Ltd company with a minimum 51% shareholding of members/shareholders resident in Australia. For clarification, an Australian Pty Ltd company majority owned by overseas based shareholders or an overseas based company (or holding company) is not permitted to enter the awards (with the exception of Point 9 below, where an overseas company can partner with an Australian fintech/FSI and enter an award category together). Your company’s headquarters must also be registered in Australia. Nominations for Individual Awards (eg FinTech Leader of the Year) must be for Australian citizens, but the nominees do not have to be based in Australia.
9. The FinTech Awards are open to 50/50 Joint Ventures; JVs are permitted to enter the awards where one of the co-owners (with a min 50% ownership) is an Australian financial institution.
10. Please read the attached PDF for tips of writing Award submissions