2019 BAI Global Innovation Award Finalist

BAI Global Innovation Awards 2019 finalist DenizBank

Human Capital Innovation

DenizBank – Turkey
Internal Application of DenizBank Crowdfunding Platform Fonosentez

DenizBank’s crowdfunding platform Fonosentez draws on the Turkish tradition of İmece, or co-op work, meaning the kind of collective collaboration that helps others in a community. The bank applied this idea to its internal open innovation hub, called “I Have a Solution,” which allows every DenizBank employee to share the problems they see within the organization, and then rewards the best solutions. This year, DenizBank took this process a step further by placing the top projects from “I Have a Solution” on the crowdfunding platform, enabling the bank’s most innovative employees to further hone and cultivate their ideas. Projects that received enough funding were then considered for implemented within the bank since they already had completed their feasibility phase.