About

The Global Retail Banking Innovation Awards (GRB Awards) are the pinnacle of excellence and exist to recognise the world’s leading banks that are pioneering product and service innovation.

COVID-19 will likely go down as one of the most disruptive times in financial history with millions of businesses and people having been adversely impacted. Banks, in many cases, have been conduits in helping to ease financial turbulence through the provision of low interest or emergency loans, SME support, innovation in payments and more.

Whilst the GRB 2022 Awards are for futurist banks that apply First Principle Thinking to redefine Financial Services, it is imperative that those assisting the backbones of economies in surviving the pandemic are recognised for their efforts.

The world’s leading and most definitive Retail Banking awards program will identify cutting-edge banks that blend the best technology with the power of their people to raise the bar in consumer banking.

The digital leadership race has gained significant global momentum and has more participants in 2022 than ever before. The growing influence of FinTechs and nonbanks seems an accepted fact, with legacy banks happy to collaborate with players to supercharge transformation across payments and digital. We have seen Tencent’s WeChat and Ant Financials’ Alipay become part of China’s mainstream banking industry by changing the way half a billion of its population live their financial lives. Investment in online lending platforms by both start-ups and incumbents remains significant.

In Europe, PSD2 and the open banking standards are certainly not failing to deliver by augmenting innovation and creating a more level playing field- incumbents have responded well to the challenge. Despite the scarcity of a regulatory mandate, Open Banking is catching on in other parts of the world.

The retail banking industry is rapidly embracing a mobile-centric customer experience. Investments in mobile technologies have increased measurably, with Asia Pacific leading the world in the fast adoption of digital banking.

Fewer than 20% of executives feel well prepared for the future whilst 55% view non-traditional players as a threat to traditional banks.

Why Nominate

Being a honouree of The Digital Banker and Global Private Banker sets organisations and individuals apart – we recognise the world’s preeminent banks and their executives that are at the cutting edge of innovation and their profession. These are the players that raise the bar in service excellence, offer superior products, embrace technology and digital disruption to re-invent the industry.

The Digital Banker awards and recognition programs are substantiated by a legacy of editorial accuracy and integrity. Our global readers of The Digital Banker and Global Private Banker magazines depend on them as the authoritative standard of excellence and innovation for the financial industry.

Who can apply?

With the addition of several new awards and a digital banking flagship category, this is the most up to date awards program reflective of the latest retail banking transformation in the landscape. With numerous new digital entrants, the MRB Awards have added new categories to assess the world’s best digital banks and digital entrants.

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Submission Guidelines

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Judging Criteria

The Digital Banker - Global Retail 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.

Innovation
Weights 25%
Engagement
Weights 25%
Personalisation
Weights 25%
User Experience
Weights 25%

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.

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            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

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              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

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                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

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                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

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