About
The Middle East & Africa Banking Innovation Awards, organised by The Digital Banker, exist to recognise the preeminent banks that blend the best technology and innovation with the power of their people to provide superior customer experience, products and service- those that are raising the bar in excellence and redefining financial services.
The Digital Banker awards programs are the world’s most prestigious, authoritative and transparently judged programme for the banking industry across the Middle East and Africa.
With co-judges from Forrester, KPMG, EY, PWC, Bain & Company and other seminal subject matter experts, these country level awards are substantiated by the world’s most renowned professional services firms.
Our analysis of the banking industry is primarily focused on the digital revolution that is transforming the entire global economy. Recently, Abdul Aziz Al-Ghurair, Chairman of the UAE Banks Federation stated that “trends like automation, new payment systems and branchless banking have hugely changed the way customers bank. This has led to structural re-organisation within banks, with fewer brick and mortar outlets, and employees being re-trained and re-deployed. Ultimately, there is an improved and more efficient customer experience”.
Banks are now more dedicated than ever to streamlining their digital channels to better support their customers. It is critical that those embracing digital disruption, digital ecosystems and meeting the rapidly changing demands of businesses and retail customers, are recognised and celebrated
Entries for each category will be critically evaluated by an esteemed panel of prominent industry expert co-judges from KPMG, PWC, Forrester and EY- endorsement for winners is globally acclaimed.
Be bold, stay ahead of the curve and nominate your organisation/counterparts now!
2022 Awards Highlights
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.
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.
Who can apply?
The Digital Banker’s MEA 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 MEA Innovation Awards includes categories to also assess the region’s best banks.
Past Winners
Tab Content
Judging Criteria
The Digital Banker - Middle East & Africa 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.
