The hottest and the coolest FinTech in the world – revealed!

Awards were presented to tech companies and banks and financial services providers from 24 countries around the world at the 1st Global FinTech Innovation Awards.

London: IBS Intelligence (IBSI), the leading global FinTech news, research and analyst firm, hosted the awards ceremony for the 1st Global FinTech Innovation Awards at the Four Seasons Hotel Mumbai, on 22 November 2019.

The FinTech revolution is changing the way the banking and financial services sector does business around the world, creating new opportunities and opening new markets. IBSI is the creator of iconic Annual Sales League Table, which for more than 20 years has recognised banking tech suppliers globally for their success. With the coming of the FinTech revolution, IBSI believes now is the time to reward the leaders in this new arena.

IBS Intelligence’s 1st Global FinTech Innovation Awards were created to honour and promote excellence and success in the implementation of FinTech solutions. Some 150 participants from global banks and tech suppliers entered the Awards program, with global financial institutions including: Credit Suisse, CIBC, Raiffeisen, Emirates NBD, Reliance Nippon Life Asset Management, Qatar National Bank, ICICI Bank, Revolut and HDFC Bank. Among the FinTech providers taking part are: Avaloq, Calypso, Clari5 (CustomerXPs), Finastra, Infosys Finacle, Nucleus Software, Silverlake, Sopra Banking and Wolters Kluwer.

Holding the awards ceremony itself in Mumbai reflects the facts that so many of the awards winners are Indian FinTech companies, including the big winner of the night, Infosys Finacle, which walked away with five awards in total, including four outright wins. Other companies picking up multiple awards include i-exceed, Avaloq and Nelito Systems, all with two awards each.

In total, the names of 26 winners (banks & suppliers) and 22 runners-up (banks & suppliers) from 15 countries were announced. Sanjiv Anand, Chairman, IBS Intelligence, said, “The FinTech revolution is on us, and it’s about to change the way the world works, plays and transacts. This is an occasion to recognise the emerging coolest in FinTech!”

Competition was fierce with submissions made across multiple categories of FinTech Implementation and CoolTech Innovation. Entries were assessed on the basis of a number of 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!

The Keynote Speaker at the ceremony, Vishal MahadeviaManaging Director-India, Warburg Pincus, said: “Technology and data science are rapidly transforming the financial services industry. The scale of innovation amongst the participants this evening has been truly astounding. Warburg Pincus has been investing behind these trends both globally as well as in India and continues to be excited to support the fintech industry going forward.”

The vote of thanks was given by Madhavan Menon, Advisory Board, IBS Intelligence & Chairman, Thomas Cook. The evening was hosted by Robin Amlôt, Managing Editor, IBS Intelligence.

Best FinTech Implementation Awards

Best Core Banking Implementation

Winners:              Infosys Finacle, Al Ahli Bank of Kuwait
Runners-Up:       ICS Financial Systems, People’s Bank of Zanzibar

Best Digital Channels Implementation

Winners:             Infosys Finacle, Standard Bank
Runners-up:       i-exceed technology solutions, Andhra Bank

Best Lending Implementation

Winners:             Nucleus Software, Roha Housing Finance
Runners-up:       Kuliza, Aditya Birla Finance

Best Payments System Implementation

Winners:             Infosys Finacle, Qatar National Bank
Runners-up:       Intellect Design Arena,Canadian Imperial Bank of Commerce

Best WealthTech Implementation

Winners:             Dorsum,Raiffeisen Bank International
Runners-up:       Avaloq,Thurgauer Kantonalbank

Best Treasury Implementation

Winners:              Calypso Technology,Emirates NBD

Best Cooltech Innovation Awards

Most Innovative Use of AI & Machine Learning

Winners:             Clari5 (CustomerXPs),Vijaya Bank (Now Bank of Baroda)
Runners-up:       Enterprise BOT,SIX Securities Services

Most Innovative API/Open Banking Model

Winners:             Zoho BankBiz,ICICI Bank
Runners-up:       Infosys Finacle,Paytm Payments Bank

Most Innovative Use of Big Data Analytics

Winners:              Credit Suisse

Most Innovative Compliance/RegTech Solution

Winners:             Wolters Kluwer
Runners-up:       Nelito Systems, Mauritius Civil Service Mutual Aid Association

Most Innovative Use of Blockchain in Banking

Winners:              Infosys Finacle,ICICI Bank
Runners-up:       Finastra

Best Process Automation Initiative using RPA

Winners:             Avaloq
Runners-up:       Datamatics Global Services

Most Innovative Digital Banking Platform

Winners:             Intellect Design Arena, Hong Leong Bank Berhad
Runners-up:       i-exceed technology solutions, Canara Bank

Most Innovative Digital Lending Platform

Winners:             Nelito Systems, Wheels EMI
Runners-up:       Cobiscorp, Terrabank

About IBS Intelligence

Established in 1991, IBS Intelligence, a member of Cedar Group, is a leading global FinTech news, research and analyst firm with a 28-year track record. Our global solutions include research reports on every major banking technology sector profiling over 350 suppliers; the monthly IBS Journal that provides insights on the fast moving FinTech industry and ranks global key system suppliers; and an online global database of 10,000+ system purchases by banks.

In addition, our value-added-services include white papers, case studies and consulting support. Nine out of the world’s leading suppliers are among our clients. Our research has been selected by Reuters, Bloomberg and Capital IQ endorsing the quality and depth of our offering.

For further information, please visit https://ibsintelligence.com/

Media Contact:
Robin Amlôt
Managing Editor
+44 207 887 7850
RobinA@ibsintelligence.com

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