AWARDS GALA: 2 May 2024

About

The Middle East & Africa Banking Innovation Awards, exist to honour and celebrate the region’s preeminent banking institutions and contribution to transaction banking and risk management. This has become increasingly critical as we encounter new challenges and opportunities amid the rising interest rate, high inflation and trade dislocation environment. The Digital Banker welcome’s you to participate in the program to showcase how you have been leveraging innovation in maintaining key transaction banking relationships and superior risk management capabilities as adverse operating conditions test the capability and resources of your institution.

With these awards, we assess banks that offer transaction banking services to corporate, financial institutions or public sector customers. We invite submissions from transaction banks and wholesale banks that offer cash management, payments, trade finance, trade solutions, securities services, and treasury services. We also invite risk management teams that have deployed the highest risk control and mitigation processes amid a fast-changing and dynamic threat environment. These prestigious awards will identify and distinguish best in class performance, innovation and execution across the transaction banking and risk management verticals.

Increasingly, custody services are also proving to be an important component of existing transaction finance propositions and are essential for the safekeeping of client securities. Recognising those institutions that have demonstrated exceptional standards and processes in securities servicing is paramount in establishing new benchmarks of excellence within the broader transaction banking ecosystem.

2024 Awards Highlights

Why Nominate

Being a honouree of The Digital 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. The Digital Banker awards and recognition programs are substantiated by a legacy of editorial accuracy and integrity. 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.

Shortlisted nominees are selected on the qualitative and quantitative depth of their nominations. The Digital Banker research team will shortlist four institutions or individuals per category, which will then be put to our impartial panel of expert judges who will undertake a rigorous audit type process to carefully select the winners. We use a proprietary, numerical & qualitative scoring methodology which is applied to all submissions and augmented by assessment in financial and market performance, client experience, digital innovation and corporate strategy.

Who Can Apply?

The Middle East & Africa Innovation Awards  is the most up to date recognition program, reflective of the latest Transaction, SME and Risk Management transformation in the landscape. It is open to all relevant players within the financial services landscape including conventional banks, digital/neo-banks/challenger banks, fintech companies, microfinance institutions and technology solution providers. With numerous new digital entrants, the awards program includes categories to also assess the region’s best banks.

If you identify your institution as an industry leader that is pushing boundaries and driving unrivalled innovation, we welcome you to send in your nominations for the respective awards. Awards winners will be announced and celebrated across The Digital Banker’s global media channels, magazine, and multi-media partner outlets.

Past Winners

Best Digital Innovation
Winner
Best Digital Treasury Management Initiative
Winner
Best Mobile App for Corporates
Winner
Best Payments Platform Initiative
Winner
Best Payments Platform Initiative
Highly Acclaimed
Best Supply Chain Finance Platform Initiative
Winner
Best Transaction Banking Innovation Lab
Winner
Best API Initiative of the Year
Winner
Best Corporate Card Solution
Winner
Best ERP Integration Initiative
Winner
Best Virtual Account Initiative
Winner
Outstanding Account Opening and Onboarding Initiative
Winner
Outstanding Securities Services Solution
Winner
Outstanding Achievement in AML/CTF in the Middle East
Winner
Outstanding Achievement in Cyber Security in the Middle East
Winner
Best API Initiative
Winner
Best Data Analytics Initiative
Winner
Best Gen AI Initiative
Winner
Outstanding Use of Technology by a Transaction Bank
Winner
Best Bank for Cash Management – Egypt
Winner
Best Bank for Cash Management – United Arab Emirates
Winner
Best Bank for Cash Management – Bahrain
Winner
Best Bank for Payments & Collections – United Arab Emirates
Winner
Best Bank for Payments & Collections – Bahrain
Winner
Best Bank for Supply Chain Finance – Bahrain
Winner
Best Bank for Supply Chain Finance – United Arab Emirates
Winner
Best Bank for Trade Finance – United Arab Emirates
Highly Acclaimed
Best Bank for Trade Finance – United Arab Emirates
Winner
Best Bank for Transaction Banking Services – United Arab Emirates
Winner
Best Bank for Payments & Collections – Middle East
Winner
Best Bank for Trade Finance – Southern Africa
Winner
Best Bank for Transaction Banking Services – Middle East
Winner
Best Bank for Transaction Banking Services – Southern Africa
Winner

Judges Past & Present

Judging Criteria

Shortlisted nominees are selected on the qualitative and quantitative depth of their nominations. The Digital Banker research team will shortlist four institutions or individuals per category, which will then be put to our impartial panel of expert judges who will undertake a rigorous audit type process to carefully select the winners. 

We use a proprietary, numerical & qualitative scoring methodology which is applied to all submissions and augmented by assessment in financial and market performance, client experience, digital innovation, and corporate strategy.

Email us at [email protected] to request a copy of the Evaluation Criteria. 

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 submissions per institution. Please be aware that multiple submissions by a single organisation for a single category will compete with each other. A separate submission is required for each category.

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.

Contact Us

For further information, please contact The Digital Banker Awards Team at [email protected].

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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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                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 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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