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IBSi NeoChallenger Bank Awards 2021

Recognizing the coolest in NeoChallenger banks and technology companies!

Celebrate the Coolest in NeoChallenger Banks

IBS Intelligence is proud to bring to you the Annual IBSi NeoChallenger Bank Awards – celebrating the coolest in Neo & Challenger Banks.

The global pandemic forced people to conduct their banking activities digitally. The multitude of challenges brought about by the pandemic has forced Financial Services firms to innovate at a speed never seen before.

In this challenging environment, Neo Banks and Challenger Banks achieved a new milestone in the financial industry. With online platforms, innovative user experience, and faster delivery of offerings, Neo Banks and Challenger banks are presenting themselves as more flexible and inclusive alternatives to traditional banks. In recognition of the emergence of these banks, it gives us great pleasure to invite you to participate in the inaugural edition of the Annual IBSi NeoChallenger Bank Awards.

IBS Intelligence is the world’s only pure-play Financial Technology (traditional and new-age) research, advisory, and media firm, with a global coverage, and a 360° portfolio of intelligence offerings.

Another one of our awards – the IBSi Global FinTech Innovation Awards identifies and honours technology players and banks for their excellence in driving impact through Banking Technology implementations and innovations using emerging technologies. These awards have grown significantly in popularity and importance since their inception, and the 2020 edition witnessed more than a 100% growth in nominations and participants, as compared to 2019. Mr. Sanjay Nayar, CEO, KKR was the key-note speaker at the event.

The IBSi NeoChallenger Bank Awards 2021 identified and honoured technology players and NeoChallenger Banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies.

Qualified entries represented projects that went live on or before June 2021 either as a soft launch or as a full rollout.

This year, we recognized the most innovative and impactful Digital Arm of a Traditional Bank and Pure Play NeoChallenger Bank projects around the world across these segments:

  • Corporate Banking
  • Consumer Banking
  • Focused Categories (Islamic, Lending, Wealth)

Solution providers, service providers, and banks were recognised and honoured on the following criteria:

  • Customer Experience (Flexibility across channels, access to employees, self-service experience)
  • Innovation in Offerings (Customer-centric products, analysis of customers’ preference, launching new products)
  • Innovation Excellence (Adoption of Concept)
  • Customer & Program Impact (Potential benefit/impact to customers, program ROI, etc)

To find out the winners of the NeoChallenger Bank awards 2021, please subscribe to the IBSi FinTech Journal.

 For any queries, please get in touch at  IBSINCBAwards2021@ibsintelligence.com.

Express your interest for future nominations here

Submit Nomination

FAQs

Neo Banks and Challenger Banks are transforming the financial industry. As a recognition of this transformation, the Annual IBSi NeoChallenger Banking Awards seek to identify and honour technology players and banks for their excellence in driving impact through Banking Technology implementations and innovations. The Annual IBSi NeoChallenger Banking Awards are in its launch year and will celebrate the coolest in NeoChallenger banks globally. IBS Intelligence invites solution providers, service providers, and banks/FIs to showcase their excellence in project delivery and innovation at any NeoChallenger bank.

This year, the IBSi NeoChallenger Banking Awards will recognize the projects around the world that are most innovative, highly impactful, and the best in consumer experience. Categories for the Annual IBSi NeoChallenger Banking Awards are under:

Annual IBSi NeoChallenger Banking Awards

(Recognizing excellence in implementation of technology in Neo & Challenger banking areas)

  • Digital Arm of a Traditional Bank
    1. Customer Experience
    2. Innovation in Offering
    3. Overall Impact
  • Pure Play NeoChallenger Bank
    1. Customer Experience
    2. Innovation in Offering
    3. Overall Impact

Any entity whether it is a solution provider, service provider, or a NeoChallenger Bank/FI can send in nominations in the categories listed above. The only criteria for submission is the project/proof of concept is implemented at a NeoChallenger bank and that the project/Proof of Concept must have gone live before June 2021

The Annual IBSi NeoChallenger Banking Awards recognise innovative and impactful projects. On many occasions, there can be multiple projects running in parallel at a particular Financial Institution. Hence there is no restriction on the same Financial Institution being nominated for multiple categories

The nominations will be adjudged by the jury, based on industry-leading criteria. Some of the typical criteria for evaluation are listed below:

Annual IBSi NeoChallenger Banking Awards Evaluation Criteria

  • Originality and Simplicity
  • Best Practice & Tools Adopted
  • Innovation in Offering
  • Customer Experience
  • Overall Impact

No, there is no cost attached the participating in the Annual IBSI NeoChallenger Banking Awards

Yes, there is no limit to the number of nominations one institution can send. However, each nomination has to be a separate application

The Annual IBSi NeoChallenger Banking Awards jury will evaluate the quality and nature of submissions made. The panel would make an informed decision on the banks that need to be contacted for necessary validations and/or confirmations. This would 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 panel reserves the right to contact the banks quoted in supplier submissions. In any case, please note that the IBSi team would keep the supplier informed before formally connecting with the relevant contact person at the bank, as referred in the submission details.

IBS Intelligence reserves the right to use the information to analyse key trends, develop content, and publish it in the form of Journal articles and/or Case Studies

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