The UK FinTech Awards 2021 ceremony was held at Leonardo Royal Hotel London St Paul’s in the heart of the UK’s financial centre on 22 July.
Starling Bank won FinTech of the Year last night to cap off a UK FinTech Awards 2021 ceremony in which 22 categories were closely fought.
Joining Starling Bank as winners were Tide (Banking Tech of the Year), Previse (Payments Tech of the Year) and Tractable (InsurTech of the Year).
Ron Kalifa OBE, author of the independent fintech strategic review for the UK, set the scene for the evening with a speech on the rise of the jurisdiction as a fintech powerhouse.
He told attendees: “Over the past decade, fintech has moved steadily away from being a fringe sector populated by startups, to a world leading and fast-growing part of our economy. Fintech solutions now lie at the heart of innovation in financial services—and the total tech spend of traditional financial services was £95 billion in 2019.”
Phil Vidler, chief executive officer of FinTech Alliance and chair of the independent judging panel that oversaw and delivered the UK FinTech Awards 2021 results, praised the quality of every fintech that entered and their commitment to customers during the pandemic.
He continued: “To say investors are doubling down on FinTech is an understatement.”
“It shows just how vital the sector will be in fueling economic recovery in the coming years. Not just from direct investment and job creation, but also as an enabler to other sectors. UK fintechs—many of them honoured in tonight’s awards—also offer vital support to industries like hospitality, retail and travel as they look to rebuild in the coming year.”
The UK FinTech Awards will be returning in 2022. Here is the full list of winners and the reasons for their success last night.