Wellington-based startup Banqer, the online platform that facilitates the teaching of financial education in the classroom by creating a virtual ‘classroom currency’, took out the Best Innovation in Show Award at the recent Afiniation FinTech Showcase in Sydney.
Over 30 of Australia and New Zealand’s top financial technology innovators presented at the Showcase, to an audience of potential investors, partners and clients in the financial services industry.
Afiniation co-founder and head judge Marc Evans says Banqer helps children who have their own bank accounts get a “rich understanding” of what it means to be in charge of their own personal finances.
“As a result the judges felt that Banqer was the most innovative and interesting presenter at the Showcase as they showed that society and FinTech can work together,” Evans says.
“The Afiniation Showcase was our first introduction to the Australian FinTech community and we couldn't have asked for a better entry point,” adds Kendall Flutey, co-founder, Banqer.
“This initiative was the perfect platform for Banqer as it enabled conversations with the right people, people that we may otherwise not have been able to meet.
“The calibre of the demonstrators at the Showcase was extremely high, so it's a real honour for Banqer to be named best in show.
“A huge thanks to the organisers of the Afiniation Showcase for fostering this community, and we look forward to future involvements.”
The two other Wellington businesses presenting at the Showcase were also recognised in the awards.
Runner up for Best in Show went to Eight Wire, who showed an automated solution to the migration of data between systems, a problem encountered by many companies at the Showcase and generally regarded as the highest risk part of any FinTech project.
Sharesight won the Technology Award, which recognises the best advances in technology that will influence FinTech in the future - Sharesight offers a way to manage online investments in one place, whilst consolidating positions across a number of platforms.
Tan Huynh, Sector Development Manager ICT and Digital at Grow Wellington, part of the Wellington Regional Economic Development Agency, believes the Afiniation Showcase was an “ideal environment” for Wellington companies to showcase its technologies and to grow business in the FinTech sector.
“Wellington is a hub of innovative tech businesses,” he says. “These awards recognise that companies like Banqer, Eight Wire and Sharesight are developing solutions of global relevance.”
Evans adds that the Afiniation Showcase was an unparalleled success - “the sold out event brought together the crème de la crème of FinTech innovators and investors all keenly intent on driving FinTech in Australia and New Zealand forward,” he adds.