More than 390 innovations were submitted by 177 financial institutions from 57 countries for this year’s Qorus-Infosys Finacle Banking Innovation Awards program. This is a significant number of submissions for the annual initiative, which seeks to reward the most innovative projects in the global banking services sector.
To determine the winners, which will be announced at the October 8th in-person ceremony, Qorus has selected 63 of the best innovations across seven different categories. Both Qorus members and non-members can vote for the winners by selecting their top three innovations per category (voting reserved for employees of financial institutions only). Votes must be cast by August 20th 5pm CET. Additionally, a worldwide selection of C-level executive judges will choose one Transformative Innovator and one Emerging Tech Innovation for 2024.
Nominees for the awards include:
2024 banking trends and innovations: Insights from Sajit Vijayakumar, CEO of Infosys Finacle
Business Model Transformation
• Banco BPI (Portugal) - D-Verse
• Banco Pichincha (Ecuador) - Deuna QR Button: Driving the Payments Revolution in Ecuador
• BNP Paribas (Poland) - Business model transformation for ESG financing
• BRAC Bank (BRAC Bank) - Transformative Journey towards Financial and Digital Inclusion for the Underserved Population
• Československá obchodní banka (Czech Republic) - Market 24/7: Experience the future of shopping with the DoKapsy od ČSOB app
• De Nederlandsche Bank – DNB (Netherlands) - My Supervision: Straight Through Digital Supervision
• DFCU Bank (Uganda) - Investment Club App
• Industrial Bank of Korea (South Korea) - i-ONE Bank
• Standard Bank (South Africa) - Standard Bank Retail Media Network
Core Offering Innovation
• Ceska Sporitelna (Czech Republic) - Financial Health as Ultimate Company Purpose
• Citizens Bank (United States) - Citizens Cash Flow Essentials
• Discovery Bank (South Africa) - Shared-value Home Loans
• Emirates NBD (United Arab Emirates) - Game on Deposit @ Liv
• HDFC Bank (India) - Fraud Prevention using Machine Learning – Transaction Risk Monitoring
• HSBC (United Kingdom) - HSBC Kinetic Mobile Banking App for SMEs
• Maybank (Malaysia) - Maybank Home2u on MAE
• RCBC (Philippines) - RCBC Diskartech
• Westpac (Australia) - Westpac & ShopBack Partnership
Future Workforce
• Akbank (Turkey) - Akbank Venture Building Program: Akbank+
• Aktif Bank (Turkey) - Design and Development of Digital Interview Software Using Artificial Intelligence Techniques
• BCA - Bank Central Asia (Indonesia) - Robotic Precision for APOS Production Efficiency and Better Workplace
• DBS (India) - 1DBS helpdesk for DBS India branches
• Intesa Sanpaolo (Italy) - Smart Knowledge Base through GenAI Digital Advisor
• MBH Bank (Hungary) - AI readiness boost inside MBH Bank
• OCBC (Malaysia/Singapore) - Empowering OCBC Employees with Digital Office
• Rand Merchant Bank (South Africa) - Digital Twins in a Digital World
• Yapı Kredi (Turkey) - Pioneering Sales Growth and Motivation via Gamification: Yapı Kredi BizPlay
Neobanks & Fintech Players
• Alpian (Switzerland) - Alpian
• Beforepay (Australia) - Carrington Labs: Alternative AI credit risk & limit recommendation solutions
• BMTX (United States) - BM Technologies (BMTX’s) Banking-as-a Service (BaaS) Platform
• PhonePe (India) - Democratizing payments and financial services for a billion+ Indians
• QuickFi by Innovation Finance USA (United States) - QuickFi Embedded Finance Platform
• Snoop (United Kingdom) - The first app in the UK to integrate credit score within a money management platform
• Trust Bank (Singapore) - Customer experience driving the world’s fastest growing digital bank
• Wallester (Estonia) - Wallester
• Wio Bank (United Arab Emirates) - Wio Bank
Qorus and Infosys Finacle collaborate to recognize banking innovation initiatives worldwide
Operational Excellence
• Bank Pekao (Poland) - Cloud Driven Omnibank CRM
• Bradesco (Brazil) - Gen AI in Bradesco's operational efficiency and technological readiness
• Ceska Sporitelna (Czech Republic) - The state of the art in KYC
• Halyk Bank (Kazakhstan) - Face Pay
• Intesa Sanpaolo (Italy) - MailMind: AI-driven eMail Processing
• mBank (Poland) - A unique way to activate the bank's mobile application
• Odeabank (Turkey) - Commercial Boost Project
• Standard Chartered Bank (India) - SC Automate
• Yapi Kredi (Turkey) – PredictiBank
Reimagining the Customer Experience
• Banco Santander (Spain) - User Experience in wholesale/SME
• Bank of Ayudhya (Thailand) - GO by Krungsri Auto, car driver lifestyle application for Krungsri Auto customers and all drivers
• BMO (Canada) - BMO SmartProgress Financial Education Hub
• Banorte (Mexico) - HyperPersonalization
• Davivienda (Colombia) - Mi Casa
• Golomt Bank (Mongolia) - SocialPay and SocialPay Junior digital wallet
• Isbank (Turkey) - POS-Based Loan Payment
• KBC Group (Belgium) - Your Year in KBC Mobile
• Millennium BCP (Portugal) - Mortgage Hub: Digital E2E Experience
Social, Sustainable & Responsible Banking
• Akbank (Turkey) - Akbank+ Program Spin-Off: Waste Log
• Banco da Amazonia (Brazil) – BASA Digital
• BBVA (Mexico) - Supérate con Fundación BBVA
• Ceska Sporitelna (Czech Republic) - Helping small corporate clients with sustainability transformation
• Desjardins (Canada) - Unforeseen: The decision-making game
• imagin (Spain) - Revitalizing the Mediterranean: Restoring the Orange Coral through Innovation and Community Engagement
• Intesa Sanpaolo (Italy) - Intesa Sanpaolo’s ESG Scoring
• Isbank (Turkey) - Geleceğe Orman
• Union Bank of India (India) - Union Access: Accessible banking program by Union Bank of India
Emerging Tech Innovation of the Year
• Banco Azteca (Mexico) - COBI: Forex BI Trading Console
• Banco BPI (Portugal) - D-Verse
• BNP Paribas (Poland) - GENiusz Knowledge Chatbot
• Bradesco (Brazil) - Gen AI in Bradesco's operational efficiency and technological readiness
• Emirates NBD (United Arab Emirates) - ENBD Finacle KSA Localization
• Intesa Sanpaolo (Italy) - Fundamental Rights and AI Impact Assessment: an innovative quali-quantitative framework
• MoraBanc (Andorra) - Bridging the gap between traditional finance and the digital assets economy
• RBC (Canada) - Cash Management, Reimagined. How RBC Clear built a new Cash Management platform from scratch
• Union Bank of India (India) - Establishment of Enterprise Architecture
Transformative Innovator of the Year
• Attijariwafa Bank (Morocco)
• Banco Santander (Spain)
• BCA - Bank Central Asia (Indonesia)
• Bradesco (Brazil)
• Caixabank (Spain)
• Emirates NBD (United Arab Emirates)
• HDFC Bank (India)
• Intesa Sanpaolo (Italy)
• Standard Bank (South Africa)
You decide who wins. Vote now
Related articles
Innovation Radar: Banking Innovation Awards winners 2023
This year we received 452 innovations from 182 institutions in 61 countries – a true showcase for innovation in the...
2024 banking trends and innovations: Insights from Sajit Vijayakumar, CEO of Infosys Finacle
What are the trends in digital transformation and innovation in banking? What are the expectations for the projects submitted? What...
Banking's best innovators: The race to the top in 2024
The submission period has started, and the deadline is set for 21 June, 2024. Several banks have already begun submitting...
