Finnies showcase best in fintech

FinTech Australia announced the winners of the 2019 Finnies, showcasing innovation in financial technologies.

AirWallex won three awards, including Biggest Raise of the Year for its $141 million capital raise.

Afterpay took home two awards and was named Fintech Organisation of the Year for the third year in a row.

Xinja co-founder Van Le was named Female Fintech Leader of the Year while Outstanding Fintech Leader of the Year went to Jack Zhang from AirWallex.

Up Bank won two awards - Excellence in Industry Collaborations and Partnerships and Best Partnership of the Year.

Meanwhile, Excellence in Wealth Management went to MyProsperity.

FinTech Australia general manager Rebecca Schot-Guppy congratulated the winners.

"This year we set out to acknowledge collaboration across the fintech industry and we believe this cohort of winners truly represent this crucial theme and key point of difference for our ecosystem," she said.

"AirWallex, Up Bank's and Afterpay achievement also can't be understated, given the calibre of all of the entries."

The awards were held at the Victorian Innovation Hub in Docklands.

"We had a record number of entries, up 30%from last year. Tickets to the event also sold out within a fortnight. For the first time in the Finnies three-year history, we had a waiting list for further ticket sales," Shot-Guppy said.

"It all ties into the unprecedented growth we've seen in the fintech sector in the past year."

The Royal Commission has reinforced the need for banking systems that benefit customers, and that the fintech sector is capable of providing that, she added.

"Hayne's Royal Banking Commissions has only reinforced the need for that relationship and for partnerships that benefit both the banks and their customers which was demonstrated in the quality of the finalists in the partnership awards," Shot-Guppy said.

"Over the next 12 months we will see the continued rise of neobanking in Australia, the launch of Open Banking and perhaps another of our winners will achieve unicorn status."

Read more: FinniesFinTech AustraliaAirWallexAfterpayShot-GuppyFintech Organisation ofHayneJack ZhangMyProsperityOpen BankingRebecca Schot-GuppyVan Le
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