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At a gala event in London last night, industry luminaries gathered for an evening of entertainment and excitement as the winners of the 2014 Banking Technology Awards and Readers’ Choice Awards were announced.
This year’s winners came from far and wide – a winning entry from ANZ was based in Papua New Guinea, Samoa, Vanuatu and the Solomon Islands, which unfortunately meant that they could not attend to collect their award in person. Other winners came from Africa, Brazil, Lebanon and the Turkish banks had a particularly strong showing.
Effervescent comedienne Lucy Porter literary literally had the whole audience on their feet as she led a round of games to raise money for London’s Air Ambulance before entertaining them with her own hilarious brand of stand-up comedy and presenting the awards with Banking Technology editor David Bannister.
The Winners:
Best Cybersecurity Initiative
Banco do Brasil The bank’s Ourocard-e is a virtual card that the user can define as debit or credit and multi brand (Elo, Visa or MasterCard) to offer security and convenience in e-commerce. It is a card that can be created and customised by the customer, according to his/her necessities. In this way, virtual and temporary data are generated to be used for online shopping (internet or by telephone), safeguarding the main card data.
Best Industry Infrastructure Initiative
VocaLink: the mobile payments proxy platform developed by VocaLink is designed to remove the need to store personal details in application or payment channel. It provides fast searching for a payee, using only the mobile phone number as a unique identifier.
Best Institutional Infrastructure Initiative
Goldman Sachs International Secure Public Cloud Access Platform: a secure public cloud compute service that allows internal application platforms to either run directly on top of public cloud providers or use public cloud providers for temporary capacity needs.
Best Online/Mobile Banking Service
Emirates NBD Mobile Banking App: includes peer-to-peer money transfer in 30 seconds, mobile savings, direct remit to India in 60 seconds, Western Union via mobile, summary graphs, a calendar of payments and instant application for card and loan products. Available on Apple App Store, Google Play, Blackberry App World and Windows Store.
Best Payments System or Service Initiative
Banque du Liban: As a central bank, BDL decided to build a business intelligence system that can accommodate financial data from financial institutions in Lebanon to aid decision making and to help safeguard economic stability.
Best Trading Platform or Venue
BATS Chi-X Europe: The pan-European BATS Chi-X Europe exchange has become Europe’s largest, lowering trading costs and challenging national exchange monopolies. BATS launched a pan-European ETF listings venue and accounts for a quarter of intraday trading in Europe.
Best Use of IT for the purposes of risk/regulatory change
ING Bank Turkey INGeF: In January 2014 e-invoice became mandatory for specified companies in Turkey. INGeF is designed to integrate an e-invoice application into corporate internet banking branch. Customers are directed to a single channel for creating, sending, receiving, archiving and paying e-invoices.
Best Use of IT in Investment Banking
Saxo Bank FX White Labelling: Saxo has 115 white label partnerships in which other banks use its. In 2013, 10 new partnerships were established, while the bank is active in 50 countries. Half of clients trading with Saxo Bank’s technology do so via a white label partner.
Best Use of IT in Retail Banking
Deniz Bank Inter-Dashboard: Inter-Collect is a collection software designed to provide flexible debt collection through a scenario-based structure focused on case management. The idea is to work out the right action for the right customer at the right time.
Best Use of IT in Wholesale/Transaction Banking
Ecobank CASHplus: Ecobank set out to develop a cash management system that could accommodate business practices across Africa, yet be powerful enough to support a high volume of transactions. In 24 months, the bank implemented a cross-border and cross-border solution in 32 countries.
Best Use of Mobile Technology in Financial Services
ANZ Mobiliti Reach Platform: In 2013 ANZ decided to use mobile to expand its market and to reach the unbanked of the South Pacific. Using Fiserv’s Mobiliti Reach, ANZ provided services in Papua New Guinea, Samoa, Vanuatu and the Solomon Islands. Users can save, send and spend money via mobile. The service has 90,000 users, of whom 50,000 had no prior relationship with the bank.
Judges’ Special Mentions
These are given in recognition of institutions whose entries in a number of categories narrowly failed to make the shortlist, but taken together impressed the judging panel for their innovation, execution and impact. This year the panel selected:
Tatra Bank
Turk Ekonomi Bankasi
Outstanding Contribution by a Female in Financial Technology:
Yvonne O’Neill, Credit Suisse.
Yvonne is the global it delivery manager for the Group Finance and Corporate Real Estate divisions of Credit Suisse based in its London headquarters at Canary Wharf. She has demonstrated a proven capability of defining and executing an IT strategy to implement solutions for complex global business problems, with experience of managing budgets of up to $50 million and has achieved savings of over $35 million a year over the last two years through shaping and delivering a strategy based on systems rationalisation, creating highly productive low cost location resource models and developing optimal relationships with external software vendors. Currently Yvonne is responsible for providing an IT service across all divisions of Credit Suisse – Investment Bank, Private Bank, Asset Management and CFO. The role is accountable to the global head of risk and finance technology
CIO of the Year
CIO of the Year Damian Sutcliffe, Goldman Sachs, with host Lucy Porter and editor David Bannister
Damian Sutcliffe, Goldman Sachs International. Damian is the head of technology for EMEA and also the global head of operations technology. He serves on the firms Technology Division Executive Committee, Firmwide Technology Risk Committee, Global Business Resilience Committee and the Operations Division Operating Committee. Damian is the co-sponsor of the of the Firmwide Black Network in Europe, a member of the Senior Diversity Council and the EMEA Audit, Business Standards and Compliance Committee.
IT Team of the Year
VocaLink: VocaLink provided the technical infrastructure for the UK Payments Council’s Current Account Switch service, which went live in September 2013 and allows customers to switch from one bank to another in seven days. By developing the technical infrastructure for the new service, the VocaLink team have delivered a world first.
The Readers’ Choice Winners:
Best Core Banking Product/Service
Misys FusionBanking
Best Corporate Actions Automation Product/Service
SmartStream
Best Enterprise Data Management Product/Service
Markit EDM
Best Financial Crime Product or Service
Fiserv
Best Governance Risk & Compliance Product/Service
SunGard Protegent.
Best Payments Product/Service
Clear2Pay Open Payment Framework
Best Post-trade Processing Product/Service
Multifonds
Best Risk Management Product/Service
SunGard Adaptiv
Best Trading System
SunGard Front Arena
Most Innovative Use of Technology
Temenos Integration Framework