05 December, 2023, LONDON –

The 10 winning and highly commended companies for the annual Finder Banking Innovation Awards have been announced today.

Running for the fourth year in a row, Finder’s Innovation Awards series recognises financial providers that are innovating in their chosen field, by bringing new and impactful features to the market and delivering unique and beneficial services to their customers.

Winning and highly commended companies have been identified in the following 6 categories: High Street Bank Innovation, Business Banking Innovation, Digital Banking Innovation, Personal Finance App Innovation, Kids’ Spending App Innovation and the Banking Innovation Newcomer Award.

And the winners are…

This year’s High Street Bank Innovation category goes to HSBC, while Nationwide was highly commended.

Revolut clinched top spot in the Business Banking division, while Tide and Lloyds Bank were both highly commended in the category.

The Digital Banking Innovation category was won by Monzo, followed by the highly commended Starling.

For the second year in a row, Moneyhub won the Personal Finance App Innovation category.

GoHenry took the top spot in the Kids’ Spending App Innovation category.

And finally, taking home the prestigious Banking Innovation Newcomer award is Perenna.

Commenting on the awards, Kate Steere, deputy editor at finder.com, said:

“The need to deliver valuable and impactful services has been more important than ever this year, against the backdrop of the cost of living crisis and rising interest rates. These awards look to highlight those providers that support UK consumers with the latest tools and services to help manage their money. I’d like to congratulate all of our winners and shortlisted finalists for continuing to evolve and innovate in difficult conditions.”

For more information on the awards and the finalists, please visit: https://www.finder.com/uk/finder-banking-innovation-awards-2023

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Methodology

The shortlist of finalists in each category was selected by Finder’s subject area specialists, who identified the providers they felt were displaying key innovations in their field.

This shortlist was then passed to an expert judging panel (details below), who decided the winning and highly commended companies by assessing the finalists across three different criteria: uniqueness of innovation, impact in the market and value to customers.

The judges:

Alessandro Hatami, managing partner, Pacemakers.io

Matthew Boyle, banking publisher, Finder

Timothy King, professor of finance, University of Vaasa

Kimberley Waldron, co-founder, SkyParlour PR