The Global Transaction Banking Innovation Awards is a program designed to recognise outstanding players that have launched the most innovative products, best-in-class solutions, cutting-edge technologies, and digital capabilities across the transaction finance landscape. Co-judged by PWC, KPMG, EY and other instrumental subject matter experts, validation for successful participants is globally acclaimed and unrivalled.
The program demonstrates the epitome of excellence and recognizes and honours the world’s leading banks in their endeavour to serve customers better. Taking note that the industry has modernised its systems to help treasurers monitor cash positions, reduce friction in cross-border payments, and utilise application programming interfaces to simplify the on-boarding of new processes, the importance of trade itself has come to the fore as banks have helped their clients in the fight against coronavirus. Businesses have become ever more globalised and the importance of being able to pull together their cash pools has significantly increased. The pace of innovation shows no signs of slowing, as the use-cases of artificial intelligence, blockchain and machine learning are actively deployed across various transaction banking functions.
In a period of ongoing macroeconomic and geopolitical upheaval, the global payments ecosystem is demonstrating resilience. The changes in the global landscape are creating new opportunities for incumbents and disruptors alike to win customers, develop new solutions, and claim market share.
While sustainable global transaction banking remains in its early stages, its potential for growth is estimated at 15 to 20% annually for sustainable trade finance and cash management products. Research indicates that demand for such products far exceeds supply, with only 10% of demand currently being met.
Choosing the correct provider of transaction services has therefore never been more important. being met.
The Global Transaction Banking Innovation Awards 2023 will celebrate the world’s preeminent transaction banks that are putting their customers at the forefront of their business and developing innovative solutions.
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Being a honouree of The Digital Banker sets organisations and individuals apart, are the players that raise the bar in service excellence, offer superior products and embrace technology with the power of their people to re-invent the industry.
How some of our Awardees Leverage their Awards:
Who can apply?
The Digital Banker’s Global Transaction Banking Innovation Awards is the most up to date recognition program, reflective of the latest Transaction, SME and Risk Management transformation in the landscape.
With numerous new digital entrants, the Global Transaction Banking Innovation Awards includes categories to also assess the region’s best banks.
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The Digital Banker - Global Transaction Banking Innovation Awards 2023 - Judging Criteria
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.
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.