IBS Intelligence announces its NeoChallenger Banks Awards 2023 results

The traditional way of banking, where customers used to visit physical branches for their transactions, is a thing of the past. Digital-only banks have emerged as the preferred choice for today’s digitally-native customers, offering convenience, flexibility, and a seamless user experience.

The IBSi NeoChallenger Bank Awards 2023 seek to identify and honour the most innovative and impactful technology implementation projects at a digital arm of traditional banks, Neobanks, and Challenger Banks around the world. The third edition of the NeoChallenger Awards evaluated several installations across multiple geographies.

Nikhil Gokhale, Director – Research and Digital Properties at IBS intelligence said, “In today’s on-demand economy, digital banks are revolutionizing the banking experience, providing customers with the freedom to conduct their financial transactions online, anytime and from anywhere they choose. Kudos to the winners for showcasing innovation in the use of technology to reshape customers digital journeys.”

The winners for 2023 are:

Segment Winners

  • Consumer Banking | Infosys Finacle | Nequi
  • SME/Corporate Banking | EQI Tech | EQI Bank, Wio Bank
  • Financial Inclusion | Wio Bank
  • Digital Lending | Provenir | TBI Bank
  • Treasury | MORS Software | Monzo Bank

Category Winners

  • Customer Experience | Temenos | Alex Bank
  • Innovation in Offering | Vexi
  • Implementation Excellence | Yethi Consulting | MBank
  • Customer & Project Impact | Profile Software | TMEDE Microfinance Solutions

Regional Winners

  • Americas | Infosys Finacle | Nequi
  • Australia | Temenos | Alex Bank
  • Europe | SaaScada | Allica Bank
  • Middle East | Murex | STC Pay

About IBS Intelligence

Established in 1991, UK-headquartered IBS Intelligence is the leading global pure-play Financial Technology research, news analysis, and advisory firm. IBSi’s Sales League Table is considered the global industry barometer ranking leading banking technology suppliers. Its research reports comprehensively cover international suppliers across all Banking Technology & Financial Technology systems and are also distributed by Thomson Reuters, Bloomberg, and S&P Capital IQ.

Cedar-IBSi’s FinTech Lab in the heart of Dubai’s Internet City has been home to global FinTechs who need a “soft-landing” opportunity into the MENA region. It brings together banks and suppliers with an opportunity to access the Middle East market and to test and experience global Financial Technology products within the region. The group company, Cedar, is a global management consulting firm with deep expertise in formulating and executing a business strategy for financial services clients worldwide with a significant focus on leading their technology and digital transformation.

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