Today, BAI announced the 2021 winners of the BAI Global Innovation Awards, the industry’s most prestigious awards program, showcasing transformative solutions in financial services around the world.
This year’s winners were selected by the Innovation Circle, a panel of distinguished judges and advisers from around the world who are at the forefront of innovation. Together with BAI, they identified the finalists from an impressive list of nominations and ultimately selected the winners and honorable mentions.
Each year, BAI adjusts the award categories to align with the dynamic nature of the industry. A new category for 2021, Innovation in Digital Transformation, received the most nominations, reflecting the priority that financial services leaders have placed on digital technology and improving the customer experience.
“The commitment to innovation in the financial services industry has grown even further this year, with an even stronger focus on the client,” said Debbie Bianucci, President and CEO of BAI and Judge of the ‘Innovation Circle. “In addition to strategically developing a culture of innovation, the organizations that have the most impact on innovation start with an outside-in-inside approach. This customer-centric focus is the foundation of all planning and execution, and it appears to be one of the most powerful drivers of results and impact of innovation initiatives.
The winners of the BAI 2021 Innovation Prize are:
Innovation in consumer products or services
Commonwealth Bank of Australia, Australia: Finding CommBank Benefits
Innovation in digital transformation
Deutsche Bank, Germany: Deutsche Bank API Program Integrated Funding Initiative
Innovation in human capital
Payactiv, United States: Employee Experience Livelihood
Innovation in improving internal processes
PKO Bank Polski, Poland: the path to a paperless bank thanks to Blockchain technology
Innovation in small business products or services
Santander Bank, NA, United States: Santander Treasury Fusion for the place where you do business
Honorable mentions 2021:
Innovation in compliance and risk management
Hummingbird, United States: Hummingbird platform
Innovation in societal impact
Wintrust Financial Corporation, United States: Wintrust PPP Resource Centers
Congratulations to all BAI Global Innovation Awards 2021 winners. To learn more about this year’s finalists and winners, visit: https://www.bai.org/globalinnovations/.