IBS intelligence announces the Winners of its Digital Banking Awards 2025

Mumbai, April 24, 2025: As digital banks disrupt traditional models with their agility and customer-centric approach, traditional banks are increasingly leveraging the power of technology to fortify their positions and expand their reach. This convergence of innovation underscores the importance of these awards as they celebrate the dynamic evolution of banking in the digital age.

The IBSi Digital Banking Awards 2025 seeks to identify and honour the most innovative and impactful technology implementation projects at digital-first banking units of traditional banks, digital payments banks, digital-only NBFCs, neobanks, and challenger banks around the world. The fifth edition of the Digital Banking Awards evaluated 110+ installations across 30+ geographies.

Nikhil Gokhale, Director of Research and Digital Properties at IBS intelligence, said, “Over the years, we’ve witnessed a remarkable transformation in the digital banking space — from the rise of nimble neobanks to the digital reinvention of traditional institutions. The IBSi Digital Banking Awards honour this evolution by recognising technology-led excellence across the global banking landscape. Now in its fifth edition, the awards continue to recognise banks that are redefining the digital banking landscape through bold strategy, customer-centric thinking, driving innovation, inclusion and meaningful impact.”

The winners for IBSi Digital Banking 2024 are:

Segment Winners

• Retail Banking:
  • ORO Bank | Finastra
• SME Banking:
  • Allica Bank
  • Mbank
• Corporate Banking:
  • Moniepoint
  • Zand Bank | Infosys Finacle
• Islamic Banking
  • BYOND by BSI
  • D360 | Murex
• Private & Wealth Management:
  • Smart Wealth by HDFC
• Treasury:
  • D360 | Murex

Program Innovation & Impact Winners

• Customer Experience:
  • Bunq
  • Neo (Bank Audi) | Codebase
  • Tonik Bank | Finastra
• Product & Service Innovation:
  • Revolut
  • Wio Bank
  • Neopay
• Implementation Excellence:
  • Kakaobank | Murex
• Customer & Program Impact:
  • Chetwood Bank | Sandstone
  • Helios | Skaleet

Regional Winners

• Asia:
  • BYOND by BSI
  • Tonik Bank | Finastra
• Middle East:
  • Wio Bank
  • Zand Bank | Infosys Finacle
• Europe:
  • Revolut
  • Salt Bank | Engine by Starling
• Africa:
  • EcoCash | PureSoftware
  • Tyme Bank | BPC

Functional Excellence Winners

• Digital Onboarding
  • Salt Bank | Engine by Starling
  • Tyme Bank | BPC
• Compliance & RegTech
  • Confidential | SimplyFI
• Hyper-Personalisation in Banking
  • Bunq
• Digital Lending & Credit Innovation
  • Greenlend | Ezbob
  • Hope Ventures | Codebase
  • Varo Bank
• Forex & Cross-Border Payments
  • Statrys
• Digital Wallets
  • BukaTabungan | Audax
  • G-Money | PureSoftware
  • Moniepoint

Adoption of Emerging Tech Winners

• Use of AI /ML
  • Allica Bank
• API / Open Banking Model
  • GetVantage
  • M Bank | Foo Mobi
  • Neo (Bank Audi) | Codebase
• Intelligent Document Processing
  • Confidential | SimplyFI
• Straight Through Processing
  • BukaTabungan | Audax

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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