Business Wire IndiaBAI announced the finalists for the 11th Annual 2021 BAI Global Innovation Awards, the industry’s prestigious awards program that celebrates new and innovative solutions in the financial services industry worldwide. The 2021 BAI Global Innovation Awards finalists are:
Innovation in Compliance and Risk Management
- Emirates NBD Bank, United Arab Emirates: Transforming the Anti-Money Laundering Framework
- Hummingbird, United States: Hummingbird Platform
- UnionBank of the Philippines, Philippines: Credit Card Fraud Detection Model
Innovation in Consumer Product and Services
- Commonwealth Bank of Australia, Australia: CommBank Benefits Finder
- FNB Insurance, South Africa: Future Family Benefit on Critical Illness
- ICICI Bank, India: IntelliCollect – AI powered Contactless Collection
- PNC Financial Services Group, United States: Low Cash Mode
- Yapı Kredi, Turkey: My Car+: Everything about your vehicle
Innovation in Digital Transformation
- AVIVA POLSKA, Poland: eInsurance Digital Omnichannel Life Insurance Application Journey
- Bank of America, United States: Bank of America Mobile Banking Super App
- Deutsche Bank, Germany: Deutsche Bank API Program Embedded Finance Initiative
- OneConnect Smart Technology Co., LTD, China: Global Markets Digital Lab in Abu Dhabi
- SolarisBank, Netherlands: Banking as a Service
Innovation in Human Capital
- KeyBank, United States: Remote Intern Program
- Payactiv, United States: Livelihood Employee Experience Platform
- Royal Credit Union, United States: Employee Learning Experience
Innovation in Environmental, Social and Governance (ESG)
- Bank of Montreal, Canada: BMO Give & Go
- BMO Harris Bank, United States: BMO for Black and Latinx Businesses
- Citizens Financial Group, United States: Citizens Green Deposits
- imagin, Spain: imagin: A Community with a Positive Impact
- Lufax Holding Ltd., China: Farmers’ Assistance Fund
- Wintrust Financial Corporation, United States: Wintrust Paycheck Protection Program (PPP) Resource Centers
Innovation in Internal Process
- Alior Bank, Poland: InfoNina, virtual assistant
- ICICI Bank, India: Pre-Delinquency Management
- Israel Discount Bank, Israel: POPCORN - An Innovative Customer Listening Model
- PKO Bank Polski, Poland: Road to Paperless Banking Empowered by Blockchain Technology
- PZU SA, South Africa: AI Assistant in Claims (Field Inspection)
Innovation in Small Business Product & Services
- HSBC UK, United Kingdom: HSBC Kinetic, Mobile Banking Service
- Lufax Holding Ltd., China: Lufax "Xingyun" Smart Loan Solution
- Ping An OneConnect Bank Limited, Hong Kong: “PAOB SME" Mobile Application
- Santander Bank, N.A., United States: Santander Treasury Fusion for Where You Do Business
- Tribal Credit, United States: Tribal Credit Tools
The winners will be announced in December 2021. To learn more please visit BAI Global Innovation Awards.
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