Where can I access the nomination form?

You can access the nomination form here on the BAI Global Innovation Awards website by visiting the Submit a Nomination page.

How do I submit a nomination?

Nominations need to be submitted online at baiglobalinnovations.com. Only nominations submitted online by the deadline that meet submission criteria will be accepted.

What is the deadline to submit nomination forms?

Nominations are now closed for the 2017 Awards program. Please sign up for our mailing list to receive updates about the BAI Global Innovation Awards dates and events. If you have any questions about your submissions, please email globalinnovations@bai.org and include your submission ID in the subject line.

Who fills out the nomination form?

All retail financial services organizations are welcome to submit nominations for any or all appropriate categories. Qualifying financial institutions can self-nominate or are eligible for nomination from industry analysts, media and public relations firms and solutions providers.

At this time, the Awards program does not recognize vendors that self-nominate for providing services to banks. The financial service must be provided directly to the consumer. For more details, please visit the Who Should Submit page.

How much does it cost to submit a nomination?

Participation is free.

What are the award categories for submission?

One winner will be recognized in each category. Click here for award category details.

How many categories can one institution enter?

As many as appropriate, however, each organization is limited to a maximum of five submissions per category. Additionally, you cannot submit any one nomination to more than one innovation category. Any given nomination can only be submitted to one qualified category.

How much information do I need to provide on the nomination form?

The nomination form will require:

  • Contact details from nomination submitter and institution being nominated
  • Choosing the innovation category that best suits the nomination
  • Details of the innovation:
    1. The title of the innovation
    2. Summary of the innovation
    3. The impact of the innovation
    4. The culture of innovation within the nominated financial services organization

You will have the option of including any supplemental information that further illustrates the innovation or its impact.

If I submit a nomination and later have important updates about the innovation I submitted, how do I make the updates or provide additional information?

Once submitted, you are unable to make any changes to the nomination. However, you may contact globalinnovations@bai.org and request to update your nomination. Please provide your submission ID and title of innovation in your email request.

How are the winners selected?

The selection process involves multiple rounds of evaluation by the Innovation Circle Judging Panel to determine category finalists and eventual winners. Nominations are judged against two main criteria – originality of the innovation and the impact for both the customer as well as the financial services organization.

The three outstanding achievement winners for the Disruptive Innovation in Financial Services, Disruptive Business Banking Solution and Most Innovative Financial Services Organization of the Year awards are specially designated by the Innovation Circle Judging Panel from the overall pool of nominations.

What criteria will be used to assess nomination forms?

The Innovation Circle Judging Panel will select awards finalists and winners based on the following criteria:

Originality

  • Is it new or does the innovation extend well beyond marginal improvements to existing products, services, technologies, distribution strategies and practices?
  • What is the unique value to the customer?

Impact

  • Does the innovation demonstrate substantial improvement/benefit to the organization and customer base? Is it scalable and portable across geographies and platforms?
  • Impact should be substantiated through quantitative data or qualitative evidence of success by demonstrating that the innovation helped grow one or more of the following – customer acquisition, balance sheet or revenue. Additionally, you can provide information on increase in adoption of the product or service among existing customers or impact on brand, customer retention and even provide customer feedback.

Note that each nomination will be evaluated on the two-dimensional criteria above and weighed equally to identify award finalists.

When will the award finalists be announced?

The 2017 Awards finalists were announced on August 7. Learn about them here.

When will the award winners be announced?

Award winners will be announced during the BAI Global Innovation Awards Celebration at BAI Beacon, October 4–5, 2017 at the Georgia World Congress Center in Atlanta.

How will I know if my nomination is chosen as an award finalist or winner?

The finalists and winners will be contacted prior to the official announcements. All nominees will be notified whether they are finalists, winners or if they were not shortlisted.

Do winners need to be present to receive their award?

Winners must have a representative available to send to Atlanta, Georgia, USA and be present to accept the award at the 2017 BAI Global Innovation Awards celebration.

What do Awards finalists and winners receive?

  • Worldwide Visibility
  • Prestige Among Peers
  • Valuable Recognition

Read more about Awards benefits here.

Does it matter what country the nominated organization is from?

No, the awards recognize innovations from around the globe.

Whom do I contact for more information?

For general inquiries, please email globalinnovations@bai.org or call BAI Customer Support Services at 800-224-9889 or 312-683-2464. Hours of operation are 8:30 a.m. - 5:00 p.m. CST, Monday-Friday.