UK Cash Deposit FinTech Flagstone named as finalist for international Financial Innovation Award

London-based FinTech Flagstone has been recognised by the London Institute of Banking and Finance (“LIBF”) for its work in developing a ground-breaking cash deposit platform which is empowering clients to optimise their interest income, reduce risk and eliminate hassle.

The LIBF international awards which are now in their 21st year, celebrate best practice, product innovation and projects that make a positive impact on the finance sector, consumers and communities across the globe.

Flagstone’s nomination in the ‘Best Open Banking Initiative’ category recognises the work that the company is doing to deliver a step change in consumer outcomes and customer experience in the savings and deposit market. Flagstone’s cash deposit platform gives clients access to hundreds of deposit accounts from 38 banks through a single application.

Flagstone’s founder and co-Managing Partner, Andrew Thatcher, said:

“Flagstone has enjoyed incredible growth since its inception in 2013 thanks to our unique value proposition and the passion and dedication of our people. The growth we’re experiencing in the market, in terms of the accelerating number of clients using the platform and the billions of pounds transmitted through it, reflects consumer’s appetite for FinTech solutions that provide improved choice, intuitive tools and optimal outcomes. In an increasingly fast-moving sector, it’s fantastic to receive this kind of acknowledgement from the LIBF and is testament to the fantastic team we have built at Flagstone.”