Infosys Finacle and BAI have announced that the nominations are open for the 2015 BAI Infosys Finacle Global Banking Innovation Awards. This is the fifth year of the program, which reflects changing retail banking industry dynamics with the introduction of three new awards categories–Innovation in Payments, Most Innovative Community-Based Banking Organization and Most Innovative Non-Financial Organization.
Speaking about the change, Debbie Bianucci, president and chief executive officer of BAI, said, “The new changes in this year’s program will enable us to further recognize innovation and originality throughout our industry, including community financial institutions and new non-bank entrants that provide direct-to-consumer banking products and services. These new additions, along with our original award categories, provide a highly visible platform for global recognition of the many types of organizations driving innovation in financial services to better serve customers. We invite financial institutions from all regions of the world to participate in the nomination process to celebrate the industry’s commitment to innovation.”
On the other hand Michael Reh, Senior Vice President & Global Head, Infosys Finacle, says, “As a transformation partner to banks globally, we recognize that continuous innovation is the most vital element of success for today’s financial institutions. At Infosys Finacle, our pursuit is to empower banks to accelerate innovation by simplifying banking. This awards program honors those that have accelerated innovation, created leading products, and enhanced the customer experience.”
This award program is known for acknowledging breakthrough innovation in the retail banking industry from leading global financial institutions. Organizations can submit nominations in the following categories: Product and Service Innovation, Channel Innovation, Innovation in Internal Process Improvement, Innovation in Societal and Community Impact, Disruptive Innovation in Banking, and Most Innovative Bank of the Year. Three new award categories are being added in 2015 including: Most Innovative Community-Based Banking Organization, Innovation in Payments, and Most Innovative Non-Financial Organization.
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