The IBSi Global FinTech Innovation Awards 2022 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 fourth 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 183 nominations from 48 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 Digitisation / 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 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 2022. 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 InnovationAwards2022@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