CHICAGO, July 10, 2018 – BAI announced the finalists for the 2018 BAI Global Innovation Awards, the industry’s most prestigious awards program that unveils the most transformative solutions in the financial services industry worldwide. BAI also launched the new People’s Choice Award where voters throughout the industry will select which innovation is the most powerful among the BAI Global Innovation Award finalists.
Now in its eighth year, the BAI Global Innovation Awards recognizes industry leaders and showcases what leading financial services innovators in all regions of the world are doing to deliver new value to customers and employees and improve efficiencies and profitability for their organizations. Each nomination is evaluated by the Innovation Circle, a panel of global financial services innovation leaders who thoroughly review each application to determine the top submissions. The judges weigh each innovation on originality and impact on consumers and the industry. The BAI Global Innovation Award winners will be announced in August and celebrated at BAI Beacon in Orlando, Florida, on Oct. 9-11.
For the first time this year, BAI Global Innovation Awards will include a People’s Choice Award. Finalists from several key award categories are contenders for the People’s Choice Award, and voting is now open. While Global Innovation Awards finalists compete for this industry recognition, voters have an opportunity to participate and learn about innovation shaping the future. One winner will be selected for the People’s Choice award which will also be announced and celebrated at BAI Beacon.
The 2018 BAI Global Innovation Awards finalists are:
Best Application of Data Analytics, AI or Machine Learning in a Product or Service
First National Bank, Johannesburg, South Africa: Robo-Advice Tool for Life Insurance
Jibun Bank Corporation, Tokyo, Japan: AI Support Tool for Foreign Currency Deposits
OneConnect Smart Technology Co., Ltd. (Shenzhen), Shanghai, China: AI Verification using Insure Tech
Ping An Technology, Shanghai, China: Emotion Recognition Based Financial Risk Management System
Innovative Touchpoints and Connected Experiences
CaixaBank, Barcelona, Spain: CaixaBank Now App
HDFC Bank Limited, Mumbai, India: HDFC Bank Mobile Banking Card
mBank S.A., Warsaw, Poland: New Mobile App – Breakthrough Customer Experience in Distribution of Banking Products
USAA, San Antonio, Texas, U.S.: IVR to Digital Channel Shift
Additionally, all nominees are considered for BAI’s Outstanding Achievement Awards. The finalists for the three honors are:
Disruptive Innovation in Financial Services
Nova Credit: The World’s Premier Cross-Border Credit Bureau
Embedding FinServ in Gig Value Chain
USAA: Aerial Imagery Tool
Outstanding Use of AI in Financial Services
Jibun Bank Corporation: AI Support tool for Foreign Currency Deposits
OneConnect Smart Technology Co.,Ltd. (Shenzhen): AI Verification using Insure Tech
Ping An Technology: Emotion Recognition Based Financial Risk Management System
Most Innovative Finserv of the Year
Arion Bank, Iceland
Congratulations to all the finalists of the BAI Global Innovation Awards. To learn more please visit BAIGlobalInnovations.com.
As a nonprofit, independent organization, BAI delivers the financial services industry’s most actionable insights, enabling leaders to make smart business decisions every day. BAI is passionate about the trusted information and powerful tools that provide leaders with the clarity and confidence needed to drive positive change and move the financial services industry forward. For more information, visit bai.org.
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