Avaloq and Gazprombank (Switzerland) Ltd have won the Most Innovative Project in the use of Blockchain in Banking at the IBS Intelligence Global FinTech Innovation Awards 2020 for their crypto assets solution, developed in partnership with METACO. The awards programme, now in its second edition, honours technology players and financial institutions for excellence in driving impact through banking technology implementations and innovations using emerging technologies.
The IBS Intelligence Global FinTech Innovation Awards recognized the most innovative and impactful projects, celebrating the best in FinTech globally. The winners were judged on their excellence in project delivery, innovation and customer impact.
Avaloq and Gazprombank initially announced their strategic co-innovation partnership in December 2018. In October this year, the bank had become one of the first to offer a fully regulated cryptocurrency investment and account management solution for its clients. The new cryptocurrency solution builds on Gazprombank’s long-standing relationship with Avaloq, a leader in digital banking solutions and METACO, a trusted provider of security-critical infrastructure enabling financial institutions to enter the digital asset ecosystem.