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

Nominations open for the 2021 edition

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 to the fore the absolute need for digitalisation across all industries and 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 invite you to participate in 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 IBSi Global FinTech Innovation Awards seek to identify and honour technology players and banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies. Qualifying entries must represent projects that went live on or before September 2021 either as a soft launch or as a full rollout.

This year, we are looking forward to recognising 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

There are no restrictions on the number of entries per participant. Participants are welcome to send in multiple entries across categories; however, each entry is to be made as a separate application.

The application to the IBSi Global FInTech innovation Awards does not involve any costs or fees.

Entrants must provide the following:

Name & Contact details of both the technology supplier & bank who were part of that project

A brief (1000-1500 words) description of the project/implementation for the Best Banking Technology Implementation Awards as under:

  1. Program Complexity | 200 – 250 Words
  2. Best Practices & Tools Adopted | 200 – 250 Words
  3. Program Governance | 200 – 250 Words
  4. Customer Impact |200 – 250 Words
  5. Summary | 3 Key highlights of the project

A brief (1000-1500 words) description of the project/implementation for the FinTech Innovation Awards as under:

  1. Originality and Potency | 200 – 250 Words
  2. Adaptability of the Concept | 200 – 250 Words
  3. Speed to Market | 200 – 250 Words
  4. Project Impact |200 – 250 Words
  5. Summary | 3 Key highlights of the project

Evidence of the technology implementation (any one of the below)

  1. Necessary documentary evidence including artefacts
  2. Reference to any public domain published information

We will be accepting entries to the awards until 20th November 2021 and winners for the respective award categories will be declared in December 2021.

Kindly submit your entries to the awards using the link: IBSi Global FinTech Innovation Awards 2021 Application. Please send your queries to innovationawards2021@ibsintelligence.com

Nominations open for the 2021 edition

Submit Nomination
Winning Suppliers | 2020

Winning Banks/ FI | 2020

Commercial Bank of Dubai

IndusInd Bank

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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