Any party – for example a bank, consultancy, industry body, professional services organisation or technology provider – that has worked on the initiative may submit an entry.
Only one participant on the digital initiative needs to submit an entry, but the entry must mention if there were other parties involved in the project.
Initiatives must be live within a bank whether retail, commercial, private, wholesale, investment or transaction bank. Or, if an industry-wide initiative, it must include banks or benefit the banking community.
Please do not include confidential information, as information from the winning entries will be included in the awards write-up for the August issue of The Banker.
The entry period for the digital initiative runs from June 2021 to May 2022. Initiatives must have been implemented and/or completed between these dates. The final phase of a multi-phase, multi-year project may be entered, provided it has been completed between June 2021 to May 2022.
Organisations may only submit one entry form per category – please adhere to the form’s format. A single initiative must not be submitted in multiple categories. An organisation entering more than one category (with different projects) will need to submit separate entry forms. Judges may move an entry to another award category, if appropriate.
Entrants may include graphics in the entry form and may also send additional, relevant information. Anything too lengthy, however, will be ignored and exceeding the word limit is strongly discouraged. Succinct and relevant entries will be more effective.
The judges will be looking for entries that clearly demonstrate innovation, utility and transformation.
Entry forms should be completed and submitted via email to firstname.lastname@example.org by Monday, May 23rd, 2022. The completed entry form(s) should be saved, in Word or pdf format, with a file name of Company name_award category_IDBA2022.
One winner per category - judged by over-all technology strategy on a geographic basis
Central and Eastern Europe
Judged by the technological application of a single initiative, one winner per category - click category names for guidance
AI and Machine Learning
Initiatives using AI, machine/deep learning methodology, natural language processing and/or robotic process automation in areas such as, but not limited to, customer service, fraud prevention, robo-advice and core operations.
Initiatives could include such technology tools as encryption, multi-factor authentication, data loss prevention products, end-point solutions and self-defending applications.
Includes ‘big data’ projects, data management, data analytics, customer segmentation, credit card fraud detection, sentiment analysis and predictive analytics.
Initiatives that provide individuals and businesses access to useful and affordable financial products and services that meet their needs, ie transactions, payments, savings and credit, which are delivered in a responsible and sustainable way.
Not just projects for mobile phones but also including the concept of ‘mobility’ ie banking on the move, wearable technology, ‘living services’ and the Internet of Things.
Initiatives that support open application programming interfaces (APIs) and the creation of third-party apps, as well as initiatives to create open banking platforms; or initiatives to create a common standard for APIs.
Retail initiatives could include mobile, cards, online payments, QR codes, NFC, services that are built on faster payment rails. Wholesale projects could include cross-border payments, tracking, clearing and settlement, cash management and merchant services.
Projects and case studies on how digital and technology is aiding change in investment banking and trading technology. Use cases can look at trading strategies, AI, robotics, mobile and data.
A successful commercial relationship with an established bank and a fintech company that resulted in a usable, scalable product.
A successful transformation project using technology to enact cultural, organisational and/or operational change at a bank. Evidence of improvements to bank offerings, process automation, customer experience, data integration, organisational flexibility and sales.
Team and Individual Awards One winner per category
CVC Team of the Year
Evidence of a track record of successful fintech investments that resulted in growth for the fintech, a partnership and/or return on investment for the bank.
Chief Innovation Officer of the Year
A visionary leader who takes an active role in the digital evolution of the bank resulting in customer service improvements and internal functional efficiencies.