Bank of America, JPMorgan, RBS, and BBVA Highlight Fintech Awards in 2016

Bank of America, JPMorgan, RBS, and BBVA Highlight Fintech Awards in 2016

Fintech continues to be among the biggest themes discussed in all quarters of the financial sector. As the way society interacts continues to be transformed by technology, so too does the way we interact with money.

Everything from payments to lending to risk management is being changed by mobility, big data, the cloud, and other innovations that are only emerging today.

To highlight those making the biggest strides, Banking Technology will be handing out its Banking Technology Awards 2016 in December at Tower Hotel in London. This week the organization announced its finalists in more than a dozen different categories for what is now its 17th annual award ceremony.

These are the companies and technologies that have a chance to walk away as winners.

Best Consumer Payments Scheme/Service Initiative

  • Bangkok Bank – Bualuang mBanking P2P payments
  • Bank of America – ClearXchange Real-Time Payments
  • ICICI Bank – Pockets ‘Touch & Pay’ powered by Mahindra Comviva’s mobiquity® Wallet
  • Türk Ekonomi Bankasi – CEPTETEB Mobile Wallet

Best Corporate Payments System/Service Initiative

  • Bank of Montreal – Enterprise Wire Payments
  • Barclays – Value Added Services (VAS) Program

Best Data Related Initiative

  • Barclays Africa Group – Customer Centric Product
  • Deutsche Bank – Project Vizion
  • First National Bank – Collaborative Fraud Analytics for Life Insurance
  • JP Morgan – Asset Information System (AIS)
  • Macquarie Bank – digital banking
  • Royal Bank of Scotland – RBS Data and Analytics

Best Digital System/Service Initiative

  • Barclays – Onboarding Online
  • DBS Bank – Digibank mobile-only bank
  • JP Morgan – Session Assurance, Session DNA
  • Macquarie Bank – digital banking app
  • SEB Kort – Digital On-boarding
  • Türk Ekonomi Bankasi – CEPTETEB
  • Yorkshire Building Society – BookingBug

Best Industry Infrastructure Initiative

  • EBRD’s Trade Finance Programme – Trade Finance e-Learning Programme
  • Itaú Unibanco – Cubo Coworking
  • MF Utilities India Private Limited – MF Utility

 Best Instant Payments System/Service Initiative

  • Bank of Cyprus UK – e2gen
  • Bottomline Technologies – Bottomline Universal Aggregator™ – Bottomline FastPay
  • VocaLink – Immediate Payments Solution

Best Institutional Infrastructure Initiative

  • Albaraka Turk Participation Bank – AlBatros Project
  • Bank of Ireland – Mortgage application system
  • BBVA – In Memory Operating System
  • Deutsche Bank – Summit Consolidation
  • Deutsche Bank – Markets Clearing, Static Data Hub
  • Morgan Stanley – Data Center Program

Best Mobile System/Service Initiative

  • Barclays – Mobile Banking for Wealth
  • Barclays – Launchpad
  • First National Bank – API
  • Hellenic Bank – Mobile Banking App
  • Isban UK (Part of Santander Group) – Voice Driven Banking

Best Trading Platform/Venue

  • Banco BPI – BPI Net Bolsa
  • Bank of America Merrill Lynch – Instinct Loans
  • BBVA – ALGO FRAMEWORK
  • JP Morgan – Cortex
  • Saxo Bank – SaxoTraderGO

Best Use of Cloud Software/Services

  • Cognia – Cloud Platform
  • IFDS – Nutanix Enterprise Cloud

Best Use of Emerging or Innovative Technology

  • Alior Bank – Dronn, virtual advisor
  • Barclays Africa Group – Absa Bankbot
  • Credit Suisse – FinCalc
  • JP Morgan – Connect
  • Morgan Stanley – Treadmill

Best Use of IT for Lending

  • Alior Bank – Quick Loan Package
  • Bank of America Merrill Lynch – CreditCenter
  • bob finance – FinnOne
  • Funding Options – Finance Finder journey
  • Isban UK (Part of Santander Group) – SPRING Powered by Kabbage
  • Norddeutsche Landesbank – Misys FusionBanking Lending

Best Use of IT for Risk Management or Regulation

  • Barclaycard – Express Kredit
  • Barclays Africa Group – Financial Spreading and Credit Ratings solution
  • Credit Suisse – PACE (Projections Aggregation Collection Engine)
  • Deutsche Bank – dbCCA
  • JP Morgan – Dynamic Risk
  • Karnataka Bank – Clari5 Enterprise Fraud Management Solution

Best Use of IT in Private Banking/Wealth Management

  • Bank Audi Private Banking Switzerland – PMS Portfolio Management System
  • BT Financial Group – BT Panorama
  • First National Bank – Apex
  • JP Morgan – Connect
  • JP Morgan – Hibiscus
  • Saxo Bank – Saxo Portfolio Manager / SaxoSelect

Best Use of IT in Retail Banking

  • Banco BPI – Next generation omnichannel IT Architecture
  • Bank Zachodni WBK – Technology transformation programme
  • Barclays – Blue Rewards
  • DBS Bank – digibank
  • Fidor Bank – O2 Banking
  • Isban UK (Part of Santander Group) – Project MoOn (Mortgage Online)

Best Use of IT in Transaction Banking

  • Bank of Montreal – Enterprise Wire Payments
  • Deutsche Bank – dbLAVA
  • JP Morgan – Cortex

Top Digital Innovation

  • Absa subsidiary of Barclays Africa – ChatBanking for Facebook Messenger and Twitter
  • Bank of Ireland – mortgage application system
  • Barclays – Launchpad
  • Circle – revolutionising social payments
  • DBS Bank – digibank

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