Payments Bank wins Cloud Computing Innovation of the Year at this year’s FSTech Awards
Banking Circle also nominated for Cloud Innovation, Digital Transformation and Financial Services Tech of the Year 2022 at the National Technology Awards
London, 23rd March 2022 – Tech-based Payments Bank, Banking Circle, won this year’s Cloud Computing Innovation of the Year at the prestigious FSTech Awards. It has also been shortlisted for an impressive three categories at the National Technology Awards.
Banking Circle’s cloud-first mindset and recent migration of its entire core banking system to Microsoft Azure saw the company take the Cloud Computing Innovation crown at the FSTech Awards. The awards ceremony took place on 17th March at the London Marriott Hotel, Grosvenor Square, where businesses gathered to celebrate excellence and innovation within the UK and European Financial Services tech sector. You can find the full list of winners at the FSTech Awards website here.
In addition, Banking Circle’s dedication to delivering speedy cross-border payments and building the first and only real-time clearing and settlement network globally put it in the running three National Technology Awards:
- Financial Services Tech of the Year
- Cloud Innovation of the Year
- Digital Transformation of the Year
Winners will be announced at an awards ceremony on 26th May at London Marriot Hotel, Grosvenor Square.
Commenting on these achievements, Michel André, CIO of Banking Circle said: “The financial services industry needs cross-border payments for a digital age. That’s where Banking Circle comes in. Our tech-first, core banking system is hosted fully in the cloud, having migrated to Microsoft Azure in 2021. Since the move, the efficiency, speed and value for money of cross-border payments has soared. Ultimately, we are helping to reduce the cost of cross-border payments to five cents and the time to under five minutes. It’s incredibly exciting to be recognised for our work.”
It is the second time this month the company has been triple shortlisted for an award. In the most competitive year so far for the UK FinTech Awards, Banking Circle was nominated for Banking Tech of The Year and Payments Tech of the Year, while the Bank’s Global Head of Business AML, Livia Benisty, is on the shortlist for Rising Star of the Year.