Third-Annual Awards Continue to Highlight Excellence and Innovation in Retail Banking
CHICAGO, IL and NEW YORK, NY -- (Marketwire) -- BAI and Infosys are now accepting nominations for their global awards program, the 2013 BAI - Finacle Global Banking Innovation Awards. Since the inaugural year of the awards in 2011, more than 175 organizations from 35 countries have submitted nominations. The awards program recognizes breakthrough innovation that positively impacts profitability, bank efficiency and customer experience for best-in-class financial institutions.
Nominations for the awards can be submitted by retail banks, solutions providers, industry analysts and media agencies, but only financial institutions that provide financial services to consumers are eligible to receive the awards.
Award categories for 2013 have been expanded to include awards for both Innovation in Internal Process Improvement and Innovation in Societal and Community Impact. Awards will also again be provided for Product and Service Innovation, Channel Innovation, Disruptive Innovation in Banking and the Most Innovative Bank of the Year.
Interested applicants can submit nominations online at www.baiglobalinnovations.com through May 3, 2013.
"The third year of this global awards program promises to be just as inspiring as the previous two," says Debbie Bianucci, president and chief executive officer of BAI. "The worldwide recognition and year-over-year growth of this awards program is a measure of the importance that banks around the world place on not only being innovative, but also in continually improving the customer experience."
"The awards underscore what we do at Infosys every day -- fostering new thinking that drives the future of banking," said Haragopal Mangipudi, Global Head, Finacle™, Infosys. "Innovation is the key to success for today's financial institutions, and the BAI-Finacle Global Innovation Awards honor these achievements and recognize leading products, customer experiences and operational models."
The Innovation Circle Judging Panel, an international group of prominent industry thought-leaders and retail banking executives, will determine the finalists and winners.
BAI and Infosys will honor the award winners and finalists at a special ceremony at the BAI Retail Delivery Conference and Expo in Denver, Colorado, November 5-7, 2013. This annual conference is the retail banking industry's premier event, attracting thousands of bank executives and hundreds of solutions providers from nearly 50 countries.
Last year's award winners honored for breakthrough innovation include:
- First National Bank, a Division of FirstRand Limited, South Africa, winner of the 2012 Most Innovative Bank of the Year Award for their culture of innovation and advancement of retail banking
- OCBC Bank, Singapore, winner of the 2012 Product and Service Innovation Award for FRANK, the bank's innovative program to comprehensively address the unique preferences of Generation Y customers
- DenizBank, Turkey, winner of the 2012 Channel Innovation Award for their "Globally First Ever" banking platform on Facebook
- Alior Bank, Poland, winner of the 2012 Disruptive Innovation in Banking for Alior Sync, their progressive, virtual bank
BAI is the financial services industry's partner for breakthrough information and intelligence needed to innovate and stay relevant in an evolving marketplace. For more than 85 years, BAI has focused on advancing the industry by offering unbiased education and research. BAI's offerings are as diverse as the industry, and include premier events such as BAI Retail Delivery Conference & Expo, groundbreaking research and performance metrics, professional learning and development programs, and in-depth editorial coverage through BAI Banking Strategies. For more information, visit www.bai.org
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