Congratulations to the finalists of the 2017 BAI Global Innovation Awards for Innovation in Societal and Community Impact.
These finalists have designed or enhanced products and services, or have provided channel accessibility to meet the needs of customers with special circumstances. Finalists listed in alphabetical order include:
EasyEquities is an online investment platform which makes it fun, easy and cheap for anyone to buy shares
A common question asked by first-time investors is ‘what should I buy?’ Although already addressed with the use of community recommendations, this need drove the development of Baskets and Bundles, allowing investors to buy a collection of shares selected and weighted by an asset manager, popular personality or financial analyst. These offerings follow the same value-based investing structure, giving people access to top strategies for as much money as they have available to spend. Customers are also supported with a risk assessment tool, allowing them to understand and better align their investment choices with their personal risk appetites and goals.
Baskets and Bundles allow the investor to invest in a basket of shares, providing access to a predetermined stock selection created by respected fund managers and CIOs from some of South Africa’s top financial service providers. There is no minimum investment requirement, and an investor can start investing in these diversified investment portfolios with as little as R10, ultimately disrupting the traditional asset management world.
HDFC Bank Limited
HDFC Bank Mobile Banking LITE App
HDFC Bank Mobile Banking LITE App is an android- and iOS-based app which runs on SMS & Toll-Free Banking infrastructure, available to provide mobile banking services to customers even in the remotest regions of India. Once installed, customers don’t need an internet connection to use the app as the communication would happen over SMS or Missed Call Banking platforms. Using this app, customers don’t need to remember the various keywords, short codes, syntax and destination mobile numbers to avail SMS/ Missed call banking features on the go.
Neyber is an award-winning financial wellbeing provider that helps employees to be better with their money
Neyber works with employers to offer employees access to affordable borrowing directly from their salaries – all at no cost to employers. Neyber’s smart technology offers an easy- to- implement financial solution that drives employee engagement, increases productivity and reduces employee stress. Neyber’s mission is to reduce debt repayments for UK employees by pioneering the creation of workplace communities that enable employees to borrow and save together at fairer rates. Neyber is all about the “neighborly” spirit of ‘helping each other out’. Neyber exists to help its members achieve their financial goals whether it’s building up to a big purchase, saving money on debt repayments or simply feeling more confident about handling money matters.
#bank4all – Taqanu opens the financial ecosystem for anyone by using a blockchain-based digital ID to enable financial inclusion and create equal opportunities
Taqanu started as an idea inspired by the surge of the European refugee influx and the mishandling of new arrivals by European member states. It is a holistic, easy-to-deploy and location-independent financial solution that aims to become a banking service anyone can use once they have established a digital identity to agreed standards. It uses the digital footprint and a person´s phone to identify and authenticate people with a very high degree of accuracy, using this newly created digital ID to onboard users to a banking solution. The self-sovereign digital ID gives the ownership of data to customers with the use of blockchain technology and encryption.