The Mifos Initiative is honored to have been chosen by Fintech Futures as the Winner of the 2021 Banking Tech Award for Best Contribution to Economic Mobility in Banking & Finance.
It is as honor to have been selected from an impressive class of finalists including:
- Comviva Technologies Ltd. – MOVii, Colombia (Highly Commended)
- Robocash Group – UnaPay (Highly Commended)
- Nuapay and One Banks – Nuapay Open Banking with One Banks
- Bank of America – Bank of America Community Homeownership Commitment®
- Current – Enabling Americans to change their lives by creating better financial outcomes
- Davivienda – Daviplata
- Oxbury Bank Plc – Oxbury Farm Credit
- Orange – Orange Money Africa
- Lili – Lili Pro
This award recognizes projects using fintech/banking tech to champion financial inclusion and economic mobility. Examples include products/services for the underbanked communities and areas; products and services for specific demographics that are often overlooked, such as children and pensioners; innovative salary and benefits management tools; increasing financial literacy; promoting financial health etc.
This prestigious recognition helps to affirm our proven approach of unlocking a virtuous cycle of innovation which in turn fuels the virtual spiral of financial inclusion. As part of our 2030 vision, our global community strives to enable meaningful usage of financial service to more than 500 million individuals by 2030. We are making incredible progress towards that goal by providing the global financial services sector a common digital public good – modern, open source core banking infrastructure delivered as a set of OS building blocks which can be composed into any type of financial service.
Our end to end technology stack for digitizing customers & wallets, managing savings & loan accounts, and orchestrating payments aligns with the philanthropic sector’s movement around digital public goods and the commercial sector’s movement around embedded finance. By providing a set of open source building blocks for banking we make core banking commoditized infrastructure enabling any organization anywhere in the world to embed financial services in any solution for any consumer via any channel.
About the Banking Tech Awards
The Banking Tech Awards recognise excellence and innovation in the use of IT in financial services worldwide, and the people who make it happen. 2022 will be the 23rd year for these prestigious awards.
For banks and financial institutions, winning a Banking Tech Award showcases the value of their technology investments and showcases their skills, commitment, creativity and execution.
For software providers, a Banking Tech Award is a valuable recognition of the company’s products and services.
For individuals and teams, a Banking Tech Award is a prized acknowledgement of their skills, leadership, vision, inspiration and dedication to the industry’s betterment.
The 2022 awards ceremony will take place on 1st December 2022 at the Royal Lancaster Hotel, London.
The Banking Tech Awards are owned and produced by FinTech Futures, the definitive source of news and analysis of the global fintech sector.