About
The Global Private Banking Innovation Awards 2023, organised by Global Private Banker and The Digital Banker, exist to identify, honour and celebrate the world’s pre-eminent private banks, family offices and wealth managers that demonstrate elite levels of advisory, unbiased research and bespoke solutions and their distinguished individuals’ contribution to client service and strategic wealth preservation and growth capabilities.
Global Private Banker and The Digital Banker Awards are accolades of excellence and distinction, attributed to outstanding players and providing unbiased and objective benchmarks for the global industry. These awards are the world’s most authoritative and transparently judged private wealth awards recognising the most innovative products and services, cutting-edge technological and digital capabilities, scalable customisations and rapid integration of ESG considerations across the global private banking landscape.
If you identify your organisation and/or professionals as industry leaders that are pushing boundaries and pioneering unsurpassed innovation in the private wealth landscape – we welcome you to send in your nominations. The submission deadline for all entries is 18:00 GMT, 31 March 2023.
Why Nominate
The state of the private wealth banking industry is at an inflection point as the traditional customer engagement models with private banking clients has been transformed and new technologies and platforms are now augmenting the conventional human centred approach. Likewise, innovation in real-time visibility of multi-asset/multi-sector portfolios performance alongside scenario planning and market simulation has all contributed towards enriching the client-advisor relationship.
Key private banking players remain focused on value creation for their clients through embedded analytics enhancing client services extending from estate planning and next-gen services to capital preservation solutions. Moreover, with tight margins and demands for greater pricing transparency, private banking players having become more strategic in construction of their product portfolio, solution sets and advisory capabilities.
Now, more than ever, it is imperative that private banking institutions deliver exceptional clients experiences to the ever-growing HNWI/ UHNWI segment through innovative business models and services to maintain market positioning and defend their brand credibility.
Who can apply?
The Global Private Banking Innovation Awards, organised by Global Private Banker and The Digital Banker, exist to identify, honour and celebrate the world’s preeminent Private Banks, Family Offices and Wealth Managers that demonstrate elite levels of advisory, unbiased research, bespoke solutions and their distinguished individuals’ contribution to the industry.
Global Private Banker and The Digital Banker Awards are accolades of excellence and distinction, attributed to outstanding players; they provide unbiased and objective benchmarks for the global banking industry. These awards are the world’s most authoritative and transparently judged private wealth awards.
Building on last year’s unsurpassed success, the Global Private Banking Innovation Awards 2023, will celebrate the world’s most innovative products and services, cutting-edge technological and digital capabilities, scalable customisations and rapid integration of ESG across the business.
The private wealth landscape is undergoing significant transformation and is also an environment which is currently facing tough competition from new entrants, family offices and independent wealth managers. We also invite these financial service providers that are pioneering unrivalled standards and capabilities- those that are transforming the industry by setting new milestones and by reimagining private banking services to deliver a consistent client experience.
If you identify your organisation and/or professionals as industry leaders and trailblazers that are pushing boundaries and pioneering unsurpassed innovation in the private wealth landscape – we invite you to send in your nominations. The submission deadline for all entries is; 18:00 GMT, 31st March 2023.
Past Winners
Judging Criteria
The Digital Banker - Global Private Banking Innovation Awards 2023 - Judging Criteria
Belief Statement
With co-judges from KPMG, EY, PWC, Deloitte, Forrester and other instrumental subject matter experts– endorsement for winners is globally acclaimed. They are also the world’s most authoritative and transparently judged private wealth awards.
Our judging process follows a numerical and quantitative methodology with specific weighting given to; digital innovation, digital ecosystems, customer experience, financial performance and leadership strategy.
- Depth of omni-channel integration
- API connectedness within broader digital ecosystem
- Degree of automation within client facing processes
- Time-to-market of new initiatives & agility of IT infrastructure
- Digital safety and security frameworks
- Active user growth (YoY) and incremental impact of digitally active customers
- Realised market share of targeted customer segment(s)
- Application of emerging technologies to service customers across platforms
- Real-time and ongoing communication with customer on digital usage, support and guidance through various media
- Collaboration with strategic partners, ecosystems and platforms
- Level of customisation and embedded optionality features
- Value-added wealth-management, personal financial management tools
- Synchronisation with customer life-cycle and profile
- DIY and self-service functionalities
- Customer Satisfaction Score with digital banking services
- Net Promoter Score of digital banking channels
- Apple IOS/Google Play Store Rating of bank application
- Market awareness and business intelligence capabilities
- Intuitive and contextualised user-centred UI design
FAQs
Do I Have to Submit a Nomination?
All awards participants are required to submit nominations through The Digital Banker’s online submission portal. The portal is where you will find the questions that need to be answered in order to be considered in the current year’s program. Institutions will be unable to participate in our awards programs without a fully complete submission(s)
Can One Project/Initiative Be Considered for Multiple Awards?
You may nominate one project or initiative across numerous awards. Please note however, these submissions are likely to compete with one and other. You must submit separate entries for each award.
Are There Any Costs Involved in Making A Submission?
There are no costs involved in making a submission.
May I Submit More Than One Nomination?
The Digital Banker does not place a limit on the number of awards you can nominate for. Please note,
If I cannot Access The Judging Portal, May I submit My Entries Via Email?
If your institution has firewall restrictions and you are unable to submit entries via our portal, you may request for the PDF questionnaire.
