Alyne receives award and recognition as an innovative solution for SMEs, through the Santander X Global Challenge

Alyne's solution has emerged as a winner in the scale-up category for the Santander X Global Challenge for delivering an innovative solution that supports Small and Medium-sized Enterprises (SMEs) in accelerating their digital transition.

MUNICH, GERMANY, 9 JULY 2021 - ALYNE, Software as a Service, has emerged as a winner in the scale-up category for the Santander X Global Challenge, an international challenge that is open for startups and scale-ups with innovative solutions that support Small and Medium-sized Enterprises (SMEs) in their digital transition. Alyne was shortlisted by a team of international experts, amongst 19 other finalists to present to a jury of international leaders, where Alyne's technology was selected as the winner. 

Santander X Global Challenge Award

Alyne's Head of Partnerships, Cyrus Ardeshirian represented the team, to present to a cross-sector jury with international leaders in SMEs, entrepreneurship, innovation and investment where Alyne's technology was selected as the winner in the scale-up category. In a live streaming award ceremony held on 9 July 2021, Alyne and finalist Whyline, Inc., emerged as winners in the scale-up category, as they demonstrated competency to guide SMEs to automate financial and operational tasks in a systematic manner that is sustainable in the long run. The winners of the Santander X Global Challenge Award represent innovative and scalable solutions that help SMEs to digitise their business while empowering them to obtain greater control and gain valuable insights into their financial and strategic status.

The Santander X Global Challenge Award is an esteemed honour in the Financial Technology and Regulatory Technology industry and Alyne is delighted to be internationally recognised as a groundbreaking, scalable solution that can support SMEs in stimulating growth through automation of financial and operational tasks. Alyne looks forward to developing a long term partnership with Santander to assist SMEs across the globe increase transparency and compliance efficiency throughout their enterprise and extended enterprise.

Watch the full Santander X Global Challenge 2021 award ceremony here.


When asked about how Alyne’s solution makes an impact on SMEs, Cyrus Ardeshirian added: “We’ve seen how hard SMEs in particular were hit by the pandemic and we’re proud to be able to help SMEs prepare for future risk events and avoid harm within their businesses.”

About Santander Group 

The Santander Group is a leading retail and commercial financial service firm, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in Europe and the Americas and is one of the largest banks in the world by market capitalisation. Santander’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising over €120 billion in green financing between 2019 and 2025, as well as financially empowering more than 10 million people over the same period. 

Learn more about Santander Group here.

About Alyne

Alyne is a next generation RegTech offering organisation’s extensive capabilities in managing their Cyber Security, Governance, Risk and Compliance processes through a Software as a Service platform. Alyne enables industries of all sizes to gain actionable insights through our content-rich library of 1200+ structured controls and risk information, all mapped to relevant regulations, laws and industry standards. Our technology is powered by industry experts, empowering risk and assurance professionals to easily understand complex risk data and manage risk and compliance processes effectively. Keep your organisation at the forefront of Cyber Security, Risk Management and Compliance with Alyne as your mission control.

Learn more about Alyne here.

Eunice Cheah

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