Canopy Is Awarded Best Open Banking API

 ·  By Elise Cox
A FinTech Breakthrough Award winner badge

We are thrilled to announced that FinTech Breakthrough Awards recognized Canopy this year for the "best open banking API."

An independent market intelligence organization, FinTech Breakthrough recognizes the top companies, technologies, and products in the global Fintech market in a range of categories. The 2022 FinTech Breakthrough Award program attracted more than 3,950 nominations from across the globe. Other 2022 winners included Amount, for the best consumer lending company; Afterpay, for the best personal budgeting service; Binance, for best crytocurrency exchange; Bread, for the best consumer payments platform; and Charles Schwab, for best institutional investment platform.

"Developer friendly APIs and real-time data are highly complex engineering challenges," said James Johnson, Managing Director, FinTech Breakthrough. "Canopy is tackling this challenge head-on with breakthrough solutions, helping the next generation of Fintechs launch innovative products with a single API. Their system of record enables partners and clients to launch brand new products and better manage their customer service. We extend our sincere congratulations to the entire team at Canopy for taking home a well-deserved FinTech Breakthrough win.

"We are thrilled and overwhelmed by this recognition from FinTech Breakthrough," Canopy CEO Matt Bivons said. "I remember when I was trying to pay off and close out my own credit cards, I was surprised when an outstanding balance affected my credit score. Providing accurate, real-time information is difficult for banks because their traditional infrastructure didn't support that, and their legacy software made it hard to offer personalized products. With Canopy, Fintech innovation moves beyond BNPL to lending and credit constructs that are new to the market. From credit builder products that leverage recurring payments to on-the-spot financing, we're enabling a new category of lending — custom financing tailored to a borrower's specific circumstances.

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