Complete end-to-end payment ecosystem provider, Monneo, has won the ‘Best Use of IT in Commercial Banking’ award at the FSTech Awards 2022.

The award recognises the most effective use of IT in improving business processes within business-to-business commercial banks and other similar companies. The win reaffirms Monneo’s continued innovation and productivity in providing a leading service for the ecommerce industry, with accessibility across the world.

In winning the award, Monneo has triumphed in a category which included global giant J.P. Morgan Wealth Management and Cognizant Technology Solutions. As such, the victory secures Monneo as a veritable leader in its sector.

As a business, Monneo offers an accessible, flexible solution that is ideal for companies from the ecommerce sector, including online merchants, affiliate networks, marketing companies of all sizes, as well as any business or individual currently underserved by traditional financial services. The company’s infrastructure is based on the Open Banking concept, however the platform itself represents a superior market alternative, which is breaking new ground.

Speaking on the victory, Lili Metodieva, Managing Director of Monneo commented: “We’re very happy to have won at this year’s FSTech Awards. Our team has worked tirelessly over the last year to build our platform and last night’s win is testament to how successful these efforts have been. Therefore, I’d like to dedicate this victory to all our staff, as it would not have happened without their continued endeavour.

“Of course, we’d also like to thank the awards’ organizers who put on an amazing occasion, which was enjoyed by all in attendance. We were listed in a very strong category with some high-profile companies, so it’s a moment of genuine pride to be chosen as the Best Use of IT in Commercial Banking. We’re now hoping to repeat this success at next year’s event, which we’re already looking forward to.”

Now in its 22nd year, the FSTech Awards brings together the best companies across the sectors of fintech and financial services. This year’s event was held in the London Marriot Hotel in Grosvenor Square. On account of its success, Monneo has now been entered into the awards’ ‘Hall of Fame’. Alongside its victory, the company was also shortlisted in the category of ‘Financial Sector Innovation of the Year’.