2018 BAI Global Innovation Award Finalists

Disruptive Innovation in Financial Services

The 2018 BAI Global Innovation Award winners will be announced during a live webinar on Aug. 28, 2018. Registration is free. Sign up today!

BAI Global Innovation Awards 2018 finalist Nova CreditNova Credit

Access to International Credit Data, Helping Immigrants That Lack Domestic Credit History

Lack of a domestic credit history keeps millions of immigrants from realizing their dreams. The Nova Credit team hails from all over the world and experienced firsthand the challenge of not having a domestic credit history, which can prevent access to credit, housing and other services. Nova Credit provides a solution that enables immigrants to share their credit history from their home country with financial service providers and others, unlocking new consumers for lenders, property managers and other businesses as well as new futures for immigrants. The team is based in San Francisco and backed by General Catalyst, Index Ventures, First Round Capital, NYCA, and Core Innovation Capital. To learn more visit

BAI Global Innovation Awards 2018 finalist NovoPaymentNovoPayment, Inc.

Embedding FinServ in Gig Value Chain

NovoPayment’s API-powered technology allows Banco Pichincha Colombia to dynamically deliver financial services and frictionless user experiences to their gig economy clients, without the need to alter their core systems or sacrifice security and compliance. This innovation allows the client’s platform-driven business to pull important instant issuance and mass payout services on demand and with the scalability they require. As a result, the bank is able to capture new deposits and transactional revenue and deliver highly differentiated services at a fraction of the cost of traditional products.

BAI Global Innovation Awards 2018 finalist USAAUSAA

Aerial Imagery Tool

Members visiting Eagle One in Corpus Christi asked if there was a way they could view images to see if their homes were damaged. This functionality didn’t exist, so a member of the P&C Innovation team reached out to USAA Labs to see if there was a way for USAA to host aerial imagery. This would give members the ability to remotely search and view damage to their homes, regardless of if they were able to return to their homes to assess damage. After assessing the needs, it was determined technology to host the images did not exist, but the team was determined to find a way to make this possible and agreed that they would deliver a minimal viable product (MVP) of this capability within 24 hours.