Who should enter the ‘Best International Functionality in a FinTech Product’ category?
The ‘Best International Functionality in a FinTech Product’ award honors a financial technology solution that has successfully expanded its reach and capabilities to support cross-border activities and global operations.
An ideal candidate for this award showcases a robust set of international features, such as cross-border payments with real-time processing, support for multiple currencies, and transparent fee structures. The product might also demonstrate advanced capabilities in areas like foreign exchange (forex) management, multi-language interfaces, and comprehensive compliance with international regulations.
Additionally, the product should be adaptable to diverse cultural and economic contexts, offering tailored solutions for various regions and user needs. This includes localization of services, integration with regional financial institutions, and support for country-specific regulations.
Eligible FinTech products may include platforms that enable seamless international payments, multi-currency management, global compliance solutions, or any functionality that enhances the financial connectivity and inclusivity of businesses and individuals worldwide.
Examples
International functionality within FinTech solutions could be applied to any of these example areas.

Offering instant and low-cost cross-border payment solutions, allowing businesses and individuals to send and receive funds globally.
Using blockchain technology or distributed ledger technology (DLT) to facilitate real-time settlement and reduce intermediary fees associated with traditional correspondent banking networks. The solution might support multiple currencies and payment methods, including digital wallets, bank transfers, and cryptocurrency.

Offering international investment opportunities and portfolio management services. Providing access to global markets, diversified investment products, and personalized investment strategies tailored to investors’ risk profiles and financial goals.
Offering tools for portfolio analysis, risk assessment, and tax optimization to maximize investment returns and minimize investment-related risks.

Providing multi-currency accounts and foreign exchange (FX) management tools for businesses and individuals with international operations.
Allows users to hold and manage funds in multiple currencies, perform currency conversions at competitive rates, and hedge against currency volatility using FX options or forwards. Offers real-time FX rate alerts, market insights, and risk management strategies.

Comprehensive regulatory compliance and AML screening solutions for financial institutions and businesses operating internationally.
Using advanced data analytics, machine learning, and natural language processing (NLP) algorithms to analyze transaction data, screen customers against global sanctions lists, and detect suspicious activities indicative of money laundering or terrorist financing.

Cryptocurrency FinTechs provide functionality for buying, selling, and storing digital assets like Bitcoin, Ethereum, and stablecoins. Offers global users the ability to trade cryptocurrencies, invest in digital assets, and use cryptocurrencies for cross-border payments.
Some platforms offer staking, lending, and borrowing options, creating an ecosystem where users can earn returns on their digital assets.
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Next Steps to Enter The FinTech Awards
To enter this FinTech Awards category, or any other category in The FinTech Awards, please follow these three simple steps:
The FinTech Awards is a program from The Cloud Awards. Since 2011, we’ve been helping organizations across the globe gain the recognition they deserve for market-leading innovation in the cloud computing and software sectors.
For a detailed breakdown of all the benefits you receive as an awards entrant as either a shortlistee, finalist or ultimate winner, please see our Why Enter page. The many benefits are replicated across all international awards programs. If you have any questions about this category, please contact us.

