Ken Moore, Chief Innovation Officer at Mastercard, recognised for contribution to the sector
Friday 4 June 2021 Dublin-based risk intelligence provider AYLIEN has been announced as the overall winner of the second annual Deloitte Financial Services Innovation Awards. Established in 2014, AYLIEN leverages artificial intelligence to empower businesses to collect, analyse and understand human-generated content.
The awards recognise both individuals and companies that are leading the way in innovation – using technology to address challenges and create opportunities, improving user experience and changing the way business is done. Banking & Payments Federation Ireland (BPFI) and Financial Services Ireland (FSI) are supporters of the awards programme.
While the awards were postponed in 2020 due to the Covid-19 pandemic, Deloitte held a virtual ceremony to announce this year’s winners. Speaking at the awards, David Dalton, Head of Financial Services at Deloitte Ireland, commented: “Innovation in financial services has never been more important, so we are very pleased to announce the winners of this year’s awards, after having to postpone last year’s ceremony. The companies shortlisted and awarded today are great examples of the innovation that is happening in the sector all over Ireland, while many businesses still count the cost of the pandemic.
“If businesses can take away one learning from the last year, it is that digital adoption is no longer an optional extra – it must become a core principle of all business’ offerings as we emerge into a post-pandemic Ireland. Financial services companies are at the heart of this change and today’s awards is about celebrating their continued innovation through the most challenging of circumstances.”
In addition to being named the overall winner at the awards, AYLIEN was also the winner of the Most Disruptive Fintech category. Their product RADAR is an AI-powered risk identification and monitoring platform that transforms how risk teams discover and investigate known and unknown risks. RADAR uses AI to aggregate and understand vast quantities of unstructured data such as news, regulatory updates, company filings, and internal data sources providing early signals of critical risk events related to a company’s customers, supply chains, competition, and investment strategies.
Ken Moore, Chief Innovation Officer at Mastercard was also recognised individually with the Leadership Award. Ken is responsible for leading Mastercard’s R&D initiatives globally and for building many of the products that have helped Mastercard transform from a card payments company to a diverse technology company with businesses from multi-rail payments to identity, cyber security, data and many others. Mastercard’s global R&D is now headquartered out of Ireland and Ken and the team recently announced the recruitment of an additional 1,500 people and the creation of a purpose-built campus in Sandyford. Throughout his career, Ken has been a pioneer for innovation within the industry and has consistently demonstrated his ability to originate and commercialise new products and services.
The judging panel, comprising Brian Hayes, CEO, BPFI; Furio Pietribiasi, Chairman, FSI and CEO, Mediolanum International Funds Limited; Carol Gibbons, Head of ICT & International Services, Enterprise Ireland; Ciaran Hancock, Business Editor, The Irish Times and Gulru Atak, Head of Innovation, Citi and David Dalton, Head of Financial Services, Deloitte, chose the following winners:
- Innovation in Banking: Revolut
- Innovation in Insurance: Hanover Re Ireland
- Innovation in Investment Management: Fund Recs
- Most Disruptive Fintech: AYLIEN
- Social and Sustainable Entrepreneurship: Mail Metrics
- Leadership Award: Ken Moore, Chief Innovation Officer, Mastercard
- Overall winner: AYLIEN
The Deloitte Financial Services Innovation Awards took place virtually on Thursday 3 June. The keynote speaker at the event was Kirk Vallis, Global Head of Creative Capability Development at Google.