Awards were presented to tech companies, banks, and financial services providers from around the world at the 3rd Global FinTech Innovation Awards.
The year past has underlined the absolute need for digitalisation across all industries, especially in Financial Services. Financial Services firms, along with banking technology and FinTech companies, have risen to the challenge and transformed the industry.
The IBSi Global FinTech Innovation Awards 2021 identified and honoured technology players and banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies.
We received 183 submissions from 48 countries this year, with 125 banks participating in 30 award categories. The awards were, once again, split into two main sections: Best BankTech Implementation; and Best FinTech Innovation. Within each section, there were 15 award categories. The entries were assessed based on several factors such as Program Complexity, Program Governance, Best Practices & Tools Adopted, Originality & Simplicity, Adaptability of the concept, Innovation Excellence and Customer Impact before coming up with the coolest in FinTech!
Sanjiv Anand, Chairman, IBS Intelligence, said, “In 2021, globally, the Financial Services and Banking sector has seen a rapid acceleration in digitisation and digital transformation. We saw many new collaborations between the FinTechs and the banks and also saw the arrival of Challenger banks & Neo banks, which have created fantastic opportunities in a controlled regulatory environment.”
The January 2022 edition of IBSi FinTech Journal will have detailed analysis and insights available for purchase.
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 global suppliers across all Banking Technology and Financial Technology systems and are also distributed by Thomson Reuters, Bloomberg, and S&P Capital IQ.
IBSi’s Innovation Lab in Dubai brings banks and suppliers together with the 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 business strategy for financial services clients worldwide with a significant focus on leading their technology and digital transformation.
Amit Jain, Chief Marketing Officer
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