The IBSi Global FinTech Innovation Awards 2024 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:

Conventional Banking Technology Implementations

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

Emerging Technology Adoption

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

We welcome nominations from all entities, including banks, financial institutions, banking technology suppliers, and FinTech companies, in the 30 categories. The key criteria for submission is that the project or proof of concept must be implemented at a financial institution. It is important to note that the implementation should not be older than two years and must have gone live or been implemented before June 2024. Please be aware that if a project was previously nominated for evaluation in an earlier edition, that specific nomination will not be considered.

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. Best Program Vision
2. Best Adopted Tools and Practices
3. Most Impactful Project
4. Best Project Implementation

 Best FinTech Innovation Awards

1. Best Program Vision
2. Most Agile Deployment
3. Most Impactful Project
4. Most Innovative Project