Global FinTech Awards: auxmoney GmbH wins Financial Services

auxmoney GmbH has won the Financial Services Award at The Global FinTech Awards.

Receiving the award, Yang Ge Buchan, Director of Customer Lifetime Value Management at auxmoney, explained how "It is really exciting to win. We have been doing a lot of work with people in Germany we are lending loans to a lot of underserved customers so this award is well-deserved."

auxmoney GmbH is at the forefront of digital lending in Europe, specialising in providing loans to consumers typically underserved by traditional banks.

Its platform connects individual borrowers with institutional investors such as banks, insurance companies and funds.

The company has processed over €5 billion in loans and served more than 650,000 customers.

At the heart of its innovation is auxmoney's commitment to financial inclusion, providing access to credit for groups often overlooked by mainstream financial institutions, including the self-employed, single parents and older borrowers.

A key driver of auxmoney's success is its use of advanced scoring models and AI technologies. These innovations enable the company to automate over 80% of its loan processes, significantly reducing the need for manual intervention.

This approach has allowed auxmoney to continue offering smaller loans—starting from 1,000 EUR—despite rising processing costs.

This is a stark contrast to traditional banks, which have been forced to increase its minimum loan amounts. With more than half of its loans approved instantly, auxmoney's fully digital process allows borrowers to secure financing within minutes.

In addition to its focus on financial inclusion, auxmoney is a leader in responsible lending, adhering to principles of reliability, transparency and fairness. By using AI to enhance customer service and automate compliance with regulatory frameworks, the company ensures that borrowers receive clear, ethical and personalised service. auxmoney has also made strides in social finance, issuing four social bonds with a cumulative value of €1.825 billion to support lending to undeserved groups. 

Through its innovative lending platform, strong focus on automation and commitment to financial empowerment, auxmoney is not only addressing the needs of those excluded by traditional banking, but also shaping the future of responsible financial services.

The awards

Launched in 2024, The Global FinTech Awards 2024 debuted at FinTech LIVE London Global Summit 2024.

Across 12 categories, the awards celebrated those companies, professionals and projects that consistently ensure that excellence and innovation lie at the forefront of their work. 

The awards set a benchmark for excellence across the industry and drive innovation in payment technology, digital banking, fraud verification and more.

“It was an honour to spotlight such a wide range of incredible companies at the inaugural FinTech Awards,” said Glen White, CEO of BizClik, FinTech Magazine.

“At a time where digital inclusion and easy access to finance is crucial for fostering economic growth, reducing poverty, and promoting social equity, it is important to celebrate the success of those in the fintech industry that are revolutionising traditional financial services through the integration of technology.

“To host the awards during FinTech LIVE London is an incredible moment for the sector to celebrate, we encourage many more companies to enter our awards for 2025. 

“Thanks to every company that entered - it's important that you stay focused, motivated and continuously innovate and I am excited to see so much more of Generative AI when we meet again in a year’s time.

And a big congratulations to every company who entered, those that are highly commended and of course to our 14 winners – we appreciate your input more than you know.”

The Financial Services Award

The Financial Services Award recognises companies excelling in innovative, customer-centric financial solutions. Celebrates those driving financial literacy and empowering individuals.

• How does your financial services company demonstrate innovation and adaptability in response to changing market trends and customer needs? 
• What measures does your company take to ensure regulatory compliance and ethical conduct in all financial operations? 
• How does your financial services company prioritise customer satisfaction and engagement through personalised services and cutting-edge technology? 
• Can you provide examples of how your company has achieved measurable success in driving financial literacy and empowering individuals to make informed financial decisions?

Shortlisted companies included-

• auxmoney
• dtcpay
• Moneyhub and Mercer
• SESAMm
• TRACE blockchain by IFAD

Highly Commended: SESAMm & Moneyhub and Mercer

SESAMm and Moneyhub are pioneering financial services through innovative technology, transforming how institutions and individuals navigate complex markets and manage their financial health.

SESAMm specialises in AI-powered text analysis, providing clients with real-time insights drawn from over 25 billion articles across 100 languages.

Its platform enables financial institutions to monitor market trends and ESG controversies, keeping pace with the industry's growing focus on sustainable investments.

SESAMm’s standout technology includes real-time ESG portfolio monitoring and customisable sustainability scoring systems, which allow users to act on the latest developments in responsible investment.

Its AI-driven tools also enhance compliance by detecting ethical breaches and ESG risks, helping institutions manage regulatory obligations. SESAMm’s impact on financial literacy is reflected in its ability to democratise access to complex data, allowing both institutional and individual investors to make informed, data-driven decisions.

With recognitions such as the AIFintech100 and HedgeWeek’s Best AI Technology Provider award, SESAMm continues to lead the financial technology sector in innovation.

Moneyhub, on the other hand, has focused on personal financial management through its Open Finance platform.

A notable partnership with Mercer has seen the development of Mercer Money, a white-labelled platform that consolidates users’ financial data, including retirement savings, day-to-day spending and pension information.

The platform uses machine-learning-powered analytics to offer personalised financial nudges, helping users stay on track with their goals.

This adaptability has led to high levels of user engagement, with a 40% increase in users logging in at least twice a week following a recent UX overhaul.

Moneyhub’s Open Finance technology also empowers employees to make informed financial decisions, as demonstrated by a surge in additional pension contributions.

Regulated by the FCA and adhering to ISO 27001 standards, Moneyhub’s data security measures ensure trust and compliance while promoting financial well-being across its user base.

Both SESAMm and Moneyhub exemplify how cutting-edge technology and personalisation are shaping the future of financial services, from institutional ESG monitoring to individual financial wellness.

The Global FinTech Awards 2024

Thanks to our esteemed panel of industry leaders who judged the awards:

• Stephen Roche, President and Co-Founder of Saphyre
• Nick Levy, Partner at IBM Consulting
• Daniel Yubi, Chief Executive Officer at Payable
• Jaideep Pawar, Founder & CEO of GRAMePAY
• Steve Suarez, External Advisor at Bain & Company
• Georgios Samakovitis, Professor of FinTech at University of Greenwich
• David Palmer, Blockchain Lead Vodafone Business IoT at Vodafone Business 
• Russell Fisher, COO Admiral Pioneer at Admiral Group
• Jsmeet Narang, Chief Transformation Officer and Director of Financial Crime at Santander

The full list of awards categories for 2024 is:

• Digital Banking Award
• Payment Technology Award
• Financial Services Award
• AI in FinTech Award
• Fraud & ID Verification Award
• Sustainable FinTech Award
• Finance Technology Award
• FinTech Consultancy Award
• Future Leader Award
• Executive of the Year Award
• Project of the Year Award
• Lifetime Achievement Award
• Social Enterprise Award
• Start-Up Award

Essential diary dates for 2025

FinTech LIVE continues to expand its LIVE events with more to come in 2025 - discover the essential diary dates below.

2025:

• FinTech LIVE Singapore | 25 February 
• InsurTech LIVE | 1 May
• FinTech LIVE Dubai | 6 May
• FinTech LIVE New York | 17 June
• FinTech LIVE London | 7-8 October
• FinTech Awards | 7 October

Make sure you check out the latest edition of FinTech Magazine and also sign up to our global conference series – FinTech LIVE 2024.

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