BKN301 Group, a London-based fintech company and global provider of Banking-as-a-Service (BaaS) technology solutions, has won the award for “Most Innovative Cloud Deployment” at the sixth IBS Intelligence Global FinTech Innovation Awards, together with its partner Finastra. A global provider of financial services software applications, Finastra offers a wide range of solutions for financial institutions across universal banking, lending, payments and treasury & capital markets.

The event celebrates the best companies each year that have distinguished themselves in terms of innovation by helping to transform the banking and fintech sectors with their solutions.

Specifically, the two players have been rewarded by virtue of their collaboration, which involved deploying Finastra's core banking solution, Essence, within BKN301 Group's BaaS Orchestrator—a proprietary platform designed to support traditional banks, fintechs, and neobanks by building a robust infrastructure for financial services. This strategic solution enables rapid adaptation to evolving markets and positions the platform for future growth. Additionally, Essence, deployed on the Microsoft Azure cloud and integrated with Salt Edge's Open Banking Compliance, enables BKN301 Group to effectively manage accounts, international payment methods such as SEPA and SWIFT transfers, and all accounting data for corporate clients. Furthermore, the platform allows the group to offer its customers the ability to open accounts and issue cards quickly and directly.

Stiven Muccioli, Founder and CEO of BKN301 Group, commented:

“We are proud to have received this prestigious award, which is a testament to our commitment to innovation and excellence in financial services. Through our partnership with Finastra, we are providing the market with cutting-edge technology solutions to transform the industry and create ever more advanced solutions. Finastra represents the ideal partner that can meet both our needs and those of our customers.”