Best FinTech Solution

Recognizes the best solution to make financial services more efficient by demonstrating an incremental or radical/disruptive innovation development of applications, processes, products or business models in the financial services industry, expanding business and consumer options for investing, saving, and conducting transactions, competing with banks selling financial service solutions for money transfer, lending, investments, and payments. This can include but is not limited to financing, insurance, investments, payments, advisory, security, etc. May include blockchain.

Application Compliance Manager, Calero-MDSL - Calero-MDSL

Calero-MDSL’s Index License Manager

Calero-MDSL’s Index License Manager [ILM] assists organizations in creating transparency and improving controls to optimize their market data costs, processes and workflows.

What problems it solves: 

Calero-MDSL's Index License Manager (ILM) reduces manual processes, enriches reporting capabilities, improves cost allocation methodologies, and helps organizations conform with the recently enforced European Benchmark Regulation and IOSCO’s Principles for Financial Benchmarks. 

What makes ILM from Calero-MDSL unique:

It is the only product in this market. It is a unique software solution which has been developed for the specific purpose of managing the index license inventory of financial firms. Index license fees have been rising ahead of traditional market data fees, due to the passive investing revolution and the specificity of the license types has grown simultaneously. 

ILM is designed specifically to handle the varied data associated with index licenses and their fee calculations, replacing the spreadsheets typically used to manage this information. ILM is used to quickly address the most common types of queries to which the index licensing staff are expected to respond from stakeholders within both Buy and Sell Sides of the business. ILM has specialized fields typically seen in index licenses enabling accurate reporting and responses to queries.

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    Datasite - Datasite

    What is Datasite?

    Datasite® is a leading SaaS technology provider for the Mergers and Acquisitions (M&A) industry, empowering dealmakers around the world with the tools they need to succeed across the entire deal lifecycle.  

    What does Datasite solve?

    For dealmakers in M&A, the longer a deal takes to complete, the more likely it is to unravel. Datasite's platform and applications automate manual and time-consuming activities throughout the entire deal lifecycle, ultimately leading to faster, more efficient deal execution and better deal outcomes.

    Datasite Diligence Revolutionizes the M&A Process

    Before the Virtual Data Room (VDR) was introduced, the M&A transaction process was cumbersome, time-intensive and resource heavy.  Datasite’s innovative platform and virtual data room application, Datasite Diligence™ revolutionizes the M&A process, reducing the time it takes to prepare confidential documents for M&A transactions by 60 percent. Additionally, in-app redaction tools powered by artificial intelligence have reduced the hours that dealmakers spend redacting by over by 80%.

     

    In addition to its Diligence application, Datasite’s other applications address other parts of the M&A lifecycle, including marketing and preparing deals. and helping potential buyers assess and acquire targets.  

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    LeaseQuery - LeaseQuery LLC

    LeaseQuery is a solution built in 2011 by accountants, to help accountants and financial professionals solve the multi-trillion dollar problem caused by the most comprehensive regulatory reform in 40 years. LeaseQuery’s CPA-approved cloud-based platform removes the complexity of transitioning under the new domestic, international, and governmental lease accounting standards. This technology helps more than 10,000 accountants generate the appropriate detailed reports required by the new standards in less than 10 minutes per month. LeaseQuery’s unique features include critical date reminders, accurate AP reports, central repository with easy document retrieval, journal entries available in one click, consolidated disclosure and compliance reports, audit trail and lease change reporting, role-based access and more. The intricacies of this solution help businesses analyze lease data to provide further insight and unlock potential savings. www.leasequery.com
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  • Nexo Wallet, Nexo - Nexo

    In 2018, the then newly established Nexo introduced the world to its Instant Crypto Credit LinesTM (ICCL) - the company’s flagship and the first-of-its-kind financial product to allow crypto holders to access fiat against their digital assets without selling them. With this launch, we effectively carved out the crypto lending niche and set the foundation for “Nexo 360” - full-suite retail banking services that bridge the gap between digital and traditional finance. The ICCL offering has since expanded to 18 crypto collateral options, with credits issued in 40+ fiat currencies and interests as low as 5.9%. It has also served as the backbone for our comprehensive service that lets our now 1M+ users fully manage their fiat and digital assets from within the comfort of our user-friendly mobile application. Launched in 2019, it gives users access to their Nexo Wallet on the go, send and receive funds instantly 24/7, and meet liquidity needs immediately, with zero fees and no credit checks. Despite these successes and innovations and against the backdrop of the COVID-19 crisis, 2020 was our best year yet. We added the much anticipated Earn on Crypto and Fiat suite, which allows our users to earn up to 12% interest on their assets, whether they be crypto, stablecoins, or fiat. With this, we ticked the “savings”, “passive income” and “borrowing” boxes of retail banking. Later in 2020 came our proprietary in-app exchange, which allows immediate and limitless conversion between 100+ crypto and fiat currency pairs via its Smart Routing System. The latter innovation simultaneously allows us to connect to multiple exchanges and split orders depending on price per volume to provide a fixed quote at order submission, thus ensuring no price fluctuations occur as with most exchanges. The Nexo Exchange was pre-released in December, with full release due on February 1, 2021. In December also began the distribution of the Nexo Card - another world-first, as the only virtual and physical credit card to allow users to directly spend their crypto-collateralized fiat. We thus added “trading” and “spending in the ‘real world’” capabilities to our offering, closing the retail banking service circle all within a single platform serving as a drawbridge between digital and traditional finance. All our services are provided within a transparent, secure framework driven by blockchain-based automated processes. The security of our users’ funds is further guaranteed by authentication features, such as biometric-based identity verification and segregated multi-signature cold wallets, as well as through thorough KYC and AML checks. Our information security management system has also been successfully audited by CISQ and RINA, ensuing in an ISO/IEC 27001 certificate. Thanks to these developments, we now manage over $15B in assets for over 1.5 million users across 200+ jurisdictions, while our native NEXO token’s price has gone up by 420% in the last quarter of 2020 alone.

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