CHICAGO–BAI has announced the 2019 winners for the BAI Global Innovation Awards, an awards program that recognizes transformative solutions in the financial services industry worldwide. While some credit unions and CU organizations were among the finalists, none were named as the ultimate winners.
According to the organization, theBAI Global Innovation Award winners were selected by the Innovation Circle, a panel of global innovation experts and leaders. Each nomination was carefully evaluated based on originality and impact. Winners reflect positive strides made toward improved customer experience and noteworthy achievements in efficiency and profitability, BAI said.
“This year’s winners prove that innovation is not only technology related but is truly about harnessing the ideas of your employees, thinking about challenges differently and driving positive change,” said Debbie Bianucci, president and CEO of BAI and Innovation Circle Judge. “The organizations recognized this year are both adding value for their customers and creating important efficiencies to work smarter.”
The 2019 BAI Innovation Award winners included:
Best Application of Advanced Technology in a Product or Service
OneConnect Financial Technology Co., Ltd., Shanghai, China: FiMAX Trade Finance Blockchain Network
Business Model Innovation
Royal Bank of Canada (RBC), Toronto, Canada: RBC Ventures
Human Capital Innovation
Ping An Insurance (Group) Company of China, Ltd., Shenzhen, China: AI Interview System
Innovation in Customer Experience
FNB Life, Johannesburg, South Africa: Claims Excellence
Innovation in Marketing (Honorable Mention)
CaixaBank S.A., Barcelona, Spain: imaginBank Agile Digital Marketing Room
Innovation in Societal & Community Impact
JUMO, Cape Town, South Africa: JUMO Platform
Innovative Accelerator or Incubator
D10X (Citi Ventures), San Francisco: D10X
Innovative Touchpoints and Connected Experiences
Royal Bank of Canada (RBC), Toronto: DRIVE by RBC Ventures
Internal Process Innovation
D10X (Citi Ventures), London, U.K.: Proxymity
Innovation in RegTech
TSYS, Columbus, Georgia, U.S.: Foresight Score
Once the category winners were selected, the judges were asked to provide input on the most significant innovators for the year. The honorees are as follows:
Most Disruptive Innovation in Financial Services
Ping An Insurance (Group) Company of China, Ltd.
Most Innovative Solution in Financial Services
JUMO
FNB Life
Outstanding FinTech Achievement
OneConnect Financial Technology Co., Ltd.
Most Innovative Financial Services Organization of the Year
Citi Ventures