CHICAGO, August 7, 2017 – BAI announced the selected finalists for the BAI Global Innovation Awards, a prestigious awards program that serves as a catalyst for positive change through innovation in the financial services industry worldwide. Winners will be announced and celebrated at BAI Beacon in Atlanta on October 4-5.
The BAI Global Innovation Awards recognizes industry leaders who are changing the face of the industry and positively impacting profitability, efficiency and customer experience. Since 2011, BAI’s Global Innovation Awards has grown from two categories to 10 categories plus three special awards recognizing outstanding achievements across the primary Awards categories. Nominations are evaluated by the Innovation Circle Judging Panel, a prominent roster of leaders from around the world who carefully weigh each award application to uncover the brightest in innovative offerings based on originality in the market and the impact to consumers and the industry.
The 2017 BAI Global Innovation Awards finalists are:
Product and Service Innovation
Bank Millennium S.A.—Public transport and parking tickets purchased in a mobile banking app
Emirates NBD Bank— Liv.
MaxMyInterest.com— Streamlined online-bank account-opening process
Metromile— Pay-per-mile car insurance
Alior Bank— HAIZ
CaixaBank— 360° customer experience on social networks
Emirates NBD Bank— Emirates NBD Mobile Banking
HDFC Bank Limited— HDFC Bank OnChat
Innovation in Payments and Wallets
B2B Pay- virtual bank accounts with unique IBAN numbers in Europe
HDFC Bank Limited- HDFC Bank MobileBanking LITE App
Neyber- financial wellbeing provider for employees
Innovation in Marketing
Emirates NBD Bank—Uber Ramadan campaign
Yapı Kredi— Self Service World
Innovation in Human Capital
Alior Bank- “The Millennials Project”
First National Bank (FNB)- The FNB League of Innovators
Intesa Sanpaolo— Leveraged sharing economy and alternative currency
Yapı Kredi- Heroes Club
Innovation in User Experience
Bank Millennium S.A.- Car/motorbike insurance purchased fully in a mobile app or online
Yapı Kredi – “Don’t Panic Button”
Yapı Kredi – Yapı Kredi Touch One Screen Experience
Internal Process Innovation
Bank of East Asia, Limited—All new Paperless Branch Network
DenizBank— Intelligent Workforce Management
Emirates NBD Bank— CRM Cockpit App
Yapı Kredi— SAFIR (Smart Algorithms For Information Retrieval)
Innovative Accelerator or Incubator
Emirates NBD Bank—3D Open Innovation
Fidelity Information Services, LLC—Financial Inclusion Lab in India
Stone & Chalk—Develops Sydney as the leading startup ecosystem in Asia
Breakthrough Collaboration in Financial Services
Bank Millennium S.A. and PKO-Bank Polski—E-administration in digital banking
ICICI Bank and Emirates NBD —Blockchain project specifically for the banking sector
ID Analytics- Online Lending Network
SpringFour, Inc. and U.S. Bank—Improves consumer financial health and mortgage servicing operations
Additionally, all nominees are considered for BAI’s Outstanding Achievement Awards. The finalists for the three honors are:
Disruptive Innovation in Financial Services
MaxMyInterest.com—Streamlined online-bank account-opening process
Metromile—Pay-per-mile car insurance
Disruptive Business Banking Solution
B2B Pay—virtual bank accounts with unique IBAN numbers in the EU
BankSight, Inc.—Customer Engagement Applications accelerate the launch of New Australian Digital Lending Institution Judo Capital for small business lending
DigiVation Digital Solutions Pvt Ltd—A solution for banks to acquire, engage and service SME clients
Most Innovative Financial Services Organization of the Year
Emirates NBD Bank (United Arab Emirates)
Yapı Kredi (Turkey)
Congratulations to all the finalists of the BAI Global Innovation Awards. To read about the innovations in greater detail, 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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