Pimfa reveals Fintech competition winners

Pimfa reveals Fintech competition winners

Cygnetise, Enforcd, Envizage and Neotas have won the Personal Investment Management & Financial Association's (Pimfa) Fintech Competition.

The competition acclaimed ‘forward thinking’ providers of business solutions that are innovative and helpful to the personal finance arena.

Cygnetise comprises a decentralised platform built on a blockchain that renders the process of managed authorised signatory lists efficient and secure.

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Lists can be maintained and distributed almost immediately rather than in hours or days.

The platform provider said: “We enable companies to save over 90 per cent of their time and admin costs, receive a full audit trail and to increase the security of their sensitive data.”

Cygnetise is used in 10 jurisdictions and lists Aviva, Canaccord Genuity Wealth Management and Ogier among its clients.

Enforcd is a global regulatory intelligence platform that helps firms identify, manage and mitigate risk by providing direct evidence that staff are taking notice of regulator views and keep up to date with regulatory developments across the world.

Envizage helps clients understand and manage risk and uncertainty by identifying users’ specific financial circumstances and ambitions. Following this the solution helps clients to assess the likelihood of these goals being reached, and to understand their next best steps.

Neotas is based in the City and has 11 employees. It is an enhanced due-diligence company, which focuses on people risk and services clients from across the financial services sector, including banks, brokers, hedge funds and wealth managers.