Centime Wins 2022 Commercial Banking Fintech of the Year

Research and advisory group notes that award winners ‘solve real problems for their customers and offer a glimpse of where the future of banking and payments is headed.’

Today, Boston-based advisory and research firm Aite-Novarica named its 2022 Banking Fintech of the Year award winners. Centime and its Cash Flow Control solution were recognized as the Commercial Banking Fintech of the Year.

Companies were evaluated according to their level of innovation, extent of customer challenges solved and their long-term market impact and influence. Gilles Ubaghs, Aite-Novarica Group senior analyst, said in a press release: “Our 2022 Fintech of the Year winners are all notable in that they solve real problems for their customers and offer a glimpse of where the future of banking and payments is headed.”

“We’re honored to be recognized by Aite-Novarica,” said Centime CEO and founder BC Krishna. “We will always be about driving innovation to creatively solve problems that our customers face, and helping manage cash flow is right at the top of the list.”

Aite-Novarica’s full press release, which notes award winners in other segments as well, is below:

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Aite-Novarica Group Announces Winners of the 2022 Banking Fintech of the Year Awards

Aite-Novarica Group will recognize the innovative fintech vendors that have leveraged best-in-class technology during the Banking Fintech of the Year Webinar being held virtually on May 5, 2022.

Boston, MA, April 28, 2022 – Aite-Novarica Group is pleased to announce the winners of the 2022 Banking Fintech of the Year Awards. The awards recognize innovation achieved by fintech vendors leveraging technology to set a higher standard. The award winners will be featured at Aite-Novarica Group's first annual Banking Fintech of the Year webinar taking place on May 5, 2022.

In its first year, the awards program honors fintech vendors in both the retail and commercial banking spaces that are positively impacting the future of banking. The winners across the four categories are as follows:

Retail Banking Fintech of the Year 2022 – Zeta
Retail Payments Fintech of the Year 2022 – Trustly
Commercial Banking Fintech of the Year 2022 – Centime
Commercial Payments Fintech of the Year 2022 – Transfermate

“Standing out in today’s fintech market is no mean feat,” says Aite-Novarica Group Senior Analyst Gilles Ubaghs. “Our 2022 Fintech of the Year winners are all notable in that they solve real problems for their customers and offer a glimpse of where the future of banking and payments is headed,” he adds.

Selected by the Aite-Novarica Group global audience of bankers and key industry experts who understand the needs of the banking market, the award winners and finalists were selected based on the following criteria:

Level of innovation
Customer challenges solved
Long-term market impact and influence

The identification of an Aite-Novarica Group award winner or finalist is not an endorsement by Aite-Novarica Group of any vendor, product, or service.

To request additional information about Aite-Novarica Group’s Fintech of the Year Awards, please contact us at pr@aite-novarica.com.

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About Aite-Novarica Group’s 2022 Banking Fintech of the Year Webinar:
Keeping an eye on fintech vendors in today’s market is like drinking from a firehose. Between breathless valuations and seemingly ever-growing levels of hyperbole, banks, vendors, investors, and other institutions are understandably challenged in identifying which fintech vendors are just vaporware and which are really having an impact.

Join Aite-Novarica Group Strategic Advisor Gilles Ubaghs and Advisor Francisco Alvarez for a one-hour webinar, debuting our inaugural Banking Fintech of the Year 2022 Awards. With a nominee list previously featured in our quarterly Retail and Commercial Banking & Payments report series, our winners have been voted for by our readers, advisors, and industry stakeholders. These awards represent the best of the best in fintech in 2022.

This interactive discussion will feature our winners, which will each have a chance to run through their offering and provide a glimpse into the future of banking.

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‍About Aite-Novarica Group

‍Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base. The quality of our research, insights, and advice is driven by our core values: independence, objectivity, curiosity, and integrity. Visit us on the web and connect with us on Twitter and LinkedIn.

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**Deposit placement through ICS is subject to the terms, conditions, and disclosures in the applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC.

^††3.5% Annual Percentage Yield (APY) as of 11/19/24. Deposit rate may adjust to current market rate and may change daily. Fees may reduce earnings.

*Centime is not a bank and is not authorized by any federal or state agency to engage directly in core banking activities.
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*All banking products and services available through Centime are provided by FNBO and are governed by the applicable agreements and related disclosures provided to you by FNBO. Member FDIC.
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‍*While Centime facilitates traditional banking activities (such as the acceptance of deposits or extensions of credit), these services are actually provided by our banking partner, FNBO.
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*Centime may provide support services to FNBO, as permitted by applicable law, to facilitate the delivery of its bank products and services.

**Deposit placement through ICS is subject to the terms, conditions, and disclosures in the applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through ICS satisfies any restrictions on its deposits. A list identifying IntraFi network bank

Centime Wins 2022 Commercial Banking Fintech of the Year

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