IBSi Global FinTech Innovation Awards 2021

Here’s to the coolest in FinTech!

IBSi Global FinTech Innovation Awards 2021

Recognising and celebrating the best in FinTech!

IBSi Global FinTech Innovation Awards 2021

183 submissions | 48 countries | 125 banks | 30 awards

IBSi Managing Editor Robin Amlot shares his thoughts on the IBSi Global FinTech Innovation Awards

Celebrate the Coolest in FinTech

IBS Intelligence is proud to bring to you the IBSi Global FinTech Innovation Awards 2021, celebrating the coolest in FinTech.

The year has brought 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 occasion and transformed the industry. As a recognition of this transformation, it gives us great pleasure to host the third edition of the IBS Intelligence Global FinTech Innovation Awards.

IBS Intelligence is the world’s only pure-play Financial Technology focused research, advisory, and news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally – the largest by any analyst firm in this space.

The third edition IBSi Global FinTech Innovation Awards identified and honoured technology players and banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies.

This year, we recognized the most innovative and impact generating projects around the world across 30 categories listed below:

Best Banking Technology Implementation Awards
(Recognising excellence in implementation of banking technology areas)

  1. Best Core Banking Implementation
  2. Best CRM System Implementation
  3. Best Digital Channel/Platform Implementation
  4. Best Digital Lending Implementation
  5. Best Retail Payments System implementation
  6. Best Payment Hub/Wholesale Payments Implementation
  7. Best Wealth Management & Private Banking Implementation
  8. Best Treasury Implementation
  9. Best Trade Finance Implementation
  10. Best Transaction Banking Implementation
  11. Best Risk Management Implementation
  12. Best Investment & Fund Management Implementation
  13. Best Islamic Banking Implementation
  14. Best Quality Assurance/Quality Engineering Execution
  15. Most Effective Digitization / Paperless Initiative

Best FinTech Innovation Awards
(Recognising innovative use of emerging technology in banking)

  1. Most innovative Digital Onboarding rollout
  2. Most Innovative Use of AI /ML
  3. Most Innovative API / Open Banking Model
  4. Most Innovative Data Services/Data Warehouse Project
  5. Most Innovative use of Blockchain in Banking
  6. Most innovative use of Process Automation
  7. Most Innovative Analytics Deployment
  8. Most Innovative Cloud Deployment
  9. Most Innovative Digital Wallets Deployment
  10. Most Innovative Customer Loyalty Initiative
  11. Most Innovative Insurtech Implementation
  12. Most Effective Compliance / RegTech Deployment
  13. Most Effective Cybersecurity Deployment
  14. Most Effective DevOps Execution
  15. Most Effective Bank-FinTech Partnership

Read the official Press Release here

See some of our select winners

View Here
Winning Suppliers | 2021

Winning Banks/ FI | 2021

FAQs

The IBSi Global FinTech Innovation Awards 2021 seek to identify and honour banks, financial institutions and technology players for their excellence in driving impact through banking technology implementations and innovations using emerging technologies. The IBSi Global FinTech Innovation Awards is in its third year, celebrating the coolest in FinTech globally. IBS Intelligence invites banks, financial institutions, global banking technology pioneers and new-age FinTech suppliers to showcase their excellence in project delivery and innovation. Last year the Awards received over 196 nominations from 52 countries across the globe in 30 categories.

This year, IBSi Global FinTech Innovation Awards will recognise the most innovative and impactful projects, around the world, across 30 categories as listed below:

Best Banking Technology Implementation Awards

(Recognising excellence in implementation of banking technology areas)

  1. Best Core Banking Implementation
  2. Best CRM System Implementation
  3. Best Digital Channel/Platform Implementation
  4. Best Digital Lending Implementation
  5. Best Retail Payments System implementation
  6. Best Payment Hub/Wholesale Payments Implementation
  7. Best Wealth Management & Private Banking Implementation
  8. Best Treasury Implementation
  9. Best Trade Finance Implementation
  10. Best Transaction Banking Implementation
  11. Best Risk Management Implementation
  12. Best Investment & Fund Management Implementation
  13. Best Islamic Banking Implementation
  14. Best Quality Assurance/Quality Engineering Execution
  15. Most Effective Digitization / Paperless Initiative

Best FinTech Innovation Awards

(Recognising innovative use of emerging technology in banking)

  1. Most innovative Digital Onboarding rollout
  2. Most Innovative Use of AI /ML
  3. Most Innovative API / Open Banking Model
  4. Most Innovative Data Services/Data Warehouse Project
  5. Most Innovative use of Blockchain in Banking
  6. Most innovative use of Process Automation
  7. Most Innovative Analytics Deployment
  8. Most Innovative Cloud Deployment
  9. Most Innovative Digital Wallets Deployment
  10. Most Innovative Customer Loyalty Initiative
  11. Most Innovative Insurtech Implementation
  12. Most Effective Compliance / RegTech Deployment
  13. Most Effective Cybersecurity Deployment
  14. Most Effective DevOps Execution
  15. Most Effective Bank-FinTech Partnership

Any entity whether it is a bank, financial institution, banking technology supplier or  FinTech can submit nominations in the 30 categories. The only criteria for submission is that the project/proof of concept must be implemented at a financial institution. Also, that project must have gone live or been implemented before September 2021. However, if a project was previously nominated for evaluation for an award in the earlier edition, that nomination will not be entertained.

The IBSi Global FinTech Innovation Awards recognises innovative and impactful projects. We understand that there could be multiple projects running at a financial institution. Hence there is no restriction on the same financial institution being nominated for multiple categories.

In the event the name of the bank cannot be shared, you are required to provide the profile of the bank, for example, the tier of the bank, geography where it is located, size of the bank in terms of asset size, no. of branches or anything else you can share about the bank, without actually naming the bank. There also needs to be some artefacts that must be shared in a separate email to us at InnovationAwards2021@ibsintelligence.com, to substantiate your claims. In the absence of both being shared, the panel may not consider your nomination, considering that other participants would be submitting their responses along with their claims. So, this would be taken up on a case by case basis.

IBS Intelligence reserves the right to use the information to analyse the key trends, developing the content, and publish in the form of Journal Articles and/or Case Studies.

No, participating in the IBSi Global FinTech Innovation Awards is free of cost.

Yes, there is no limit to the number of nominations that one institution can submit for consideration. However, each nomination has to be made as a separate application.

IBSi Global Innovation FinTech Awards jury will be evaluating the quality and nature of the submissions made. The panel will make an informed decision on the banks that need to be contacted for necessary validations and/or confirmations. This will be determined, among other factors, based on the supporting documentation provided, information validated in the public domain as well as the existing knowledge base with IBSi. The jury reserves the right to contact the banks quoted in nominations. In any case, please note that IBSi team will keep the supplier informed before formally connecting with the relevant contact person at the bank, as referred in the nomination details.

The jury will adjudge the nominations based on the best industry practices. Some of the typical criteria for evaluation are listed below:

Best Banking Technology Implementation Awards

  1. Program complexity
  2. Program governance
  3. Best practices and tools adopted
  4. Customer impact

 Best FinTech Innovation Awards

  1. Originality and potency of the concept
  2. Adaptability of concept
  3. Speed to market
  4. Project impact

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