[July 10, 2018] |
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BAI Announces 2018 Global Innovation Award Finalists and Launches New People's Choice Award
BAI (News - Alert) announced the finalists for the 2018 BAI Global Innovation Awards,
the industry's most prestigious awards program that unveils the most
transformative solutions in the financial services industry worldwide.
BAI also launched the new People's Choice Award where voters throughout
the industry will select which innovation is the most powerful among the
BAI Global Innovation Award finalists.
Now in its eighth year, the BAI Global Innovation Awards recognizes
industry leaders and showcases what leading financial services
innovators in all regions of the world are doing to deliver new value to
customers and employees and improve efficiencies and profitability for
their organizations. Each nomination is evaluated by the Innovation
Circle. These judges weigh each innovation on originality and impact
on consumers and the industry. The BAI Global Innovation Award winners
will be announced in August and celebrated at BAI Beacon in Orlando,
Fla., on Oct. 9-11.
For the first time this year, BAI Global Innovation Awards will include
a People's
Choice Award. Finalists from several key award categories are
contenders for the award, and voting is now open. While BAI Global
Innovation Awards finalists compete for this industry recognition,
voters have an opportunity to participate and learn about innovation
shaping the future. One winner will be selected for the award, which
will also be announced and celebrated at BAI Beacon.
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The 2018 BAI Global Innovation Awards finalists are:
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Best Application of Data Analytics, AI or Machine Learning in a
Product or Service
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First National Bank, Johannesburg, South Africa: Robo-Advice Tool
for Life Insurance
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Jibun Bank Corporation, Tokyo, Japan: AI Support Tool for Foreign
Currency Deposits
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OneConnect Smart Technology Co., Ltd. (Shenzhen), Shanghai, China:
AI Verification using Insure Tech
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Ping An Technology, Shanghai, China: Emotion Recognition Based
Financial Risk Management System
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Innovative Touchpoints and Connected Experiences
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CaixaBank, Barcelona, Spain: CaixaBank Now App
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HDFC Bank Limited, Mumbai, India: HDFC Bank Mobile Banking Card
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mBank S.A., Warsaw, Poland: Breakthrough Customer Experience in
Distribution of Banking Products
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USAA, San Antonio, Texas, U.S.: IVR to Digital Channel Shift
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Internal Process Innovation
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DenizBank, Istanbul, Turkey: Internal Fraud Defence
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Live Oak Bank, Alpharetta, Ga., U.S.: 100 Percent Re-Invention to
Cloud Service Operations for Boundaryless Anytime-Anywhere Employee
Enablement
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Royal Bank of Canada (RBC), Toronto, Canada: RBC Blockchain Shadow
Ledger for Cross-border Payments
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Innovation in Societal and Community Impact
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KASIKORNBANK PLC., Bangkok, Thailand: KPLUS Beacon - Mobile Banking
Application for the Visually Impaired
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Nova Credit, San Francisco, Calif., U.S.: The World's Premier
Cross-Border Credit Bureau
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Rukula (Pvt) Ltd, Columbo 5, Sri Lanka: Micro-Credit for Consumer
Product Purchases in Sri Lanka for the Financially Underserved
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USAA, San Antonio, Texas, U.S.: Aerial Imagery Tool
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Innovation in Customer Experience
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Arion Bank, Reykjavík, Iceland: Digital Mortgage Process
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Bank of America, Charlotte, N.C., U.S.: Meet Erica: Bank of
America's New Virtual Financial Assistant
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Best Innovation Group, Oak Ridge, Tenn., U.S.: Financial Innovation
Voice Experience (FIVE)
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NovoPayment, Miami, Fla., U.S.: Embedding FinServ in Gig Value Chain
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Human Capital Innovation
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Albaraka Turk Participation Bank, Istanbul, Turkey: Yourunge Project
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DenizBank, Istanbul, Turkey: HR in a pocket
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Fifth Third Bank, Cincinnati, Ohio, U.S.: Maternity Concierge
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Intesa Sanpaolo, Turin, Italy: ISP Digital Learning - Portal and
Smartphone App to Learn Anytime, Anywhere
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Innovation in Marketing
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CaixaBank, Barcelona, Spain: imaginCafe
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DenizBank, Istanbul, Turkey: Denizbank Credit X
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Intesa Sanpaolo, Turin, Italy: XME Conto UP! Marketing Campaign: the
New Relationship Between Young People and Intesa Sanpaolo
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Turkiye Is Bankasi A.S., Istanbul, Turkey: Isbank's Self-Learning
Marketing Hub
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Innovative Accelerator or Incubator
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Albaraka Turk Participation Bank, Istanbul, Turkey: Albaraka Garaj
Acceleration Center
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Arion Bank, Reykjavík, Iceland: Digital Future - Internal Accelerator
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Emirates NBD, Dubai, United Arab Emirates: Emirates NBD 3D Open
Innovation Boost
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Wild Card Honorable Mention
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DBS Bank, Singapore: DBS API (application programming interface)
Developers' Programme
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FARFA Foundation, Chiniot, Pakistan: FARFA BLT Incubator
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Additionally, all nominees are considered for BAI's Outstanding
Achievement Awards. The finalists for the three honors are:
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Disruptive Innovation in Financial Services
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Nova Credit: The World's Premier Cross-Border Credit Bureau
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NovoPayment: Embedding FinServ in Gig Value Chain
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USAA: Aerial Imagery Tool
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Outstanding Use of AI in Financial Services
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Jibun Bank Corporation: AI Support tool for Foreign Currency Deposits
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OneConnect Smart Technology Co., Ltd. (Shenzhen): AI Verification
using Insure Tech
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Ping An Technology: Emotion Recognition Based Financial Risk
Management System
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Most Innovative FinServ of the Year
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Arion Bank, Iceland
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CaixaBank, Spain
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DenizBank, Turkey
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USAA, U.S.
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To learn more visit BAIGlobalInnovations.com.
About BAI
As a nonprofit, independent organization, BAI delivers the financial
services industry's most actionable insights, enabling leaders to make
smart business decisions every day. BAI is passionate about the trusted
information and powerful tools that provide leaders with the clarity and
confidence needed to drive positive change and move the industry
forward. For more information, visit www.bai.org.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005556/en/
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