CHICAGO--(BUSINESS WIRE)--The winners for the 2016 BAI Global Banking Innovation Awards were announced at BAI Beacon in Chicago. Showcasing top innovators within the financial services industry, the recipients were chosen out of the 15 finalist organizations that represent the most innovative global leaders changing the face of the industry.
“It is exciting to recognize forward-thinking organizations who are driving positive change and moving the financial services industry forward,” said Debbie Bianucci, BAI President & CEO. “This year’s winners should serve as an inspiration to other leaders seeking to innovate and better serve their customers.”
Innovators were awarded for excellence in a variety of product and service areas. The winners for each awards category include:
Product and Service Innovation
- CEO Mobile® biometrics - Wells Fargo
- Use of humanoid robots “Pepper” - Mizuho Financial Group, Inc.
Innovation in Societal and Community Impact
- TEB Women Banking - Turk Ekonomi Bankasi (TEB)
Innovation in Payments
- Risk Modelling Innovation through Data Analytics - CaixaBank S.A.
Innovation in Internal Process Improvement
- Smart Collect - Alior Bank S.A.
Honorable Mention – Most Innovative Non-Bank Financial Services Organization
- NerdWallet’s Checking Account Tool - NerdWallet
Disruptive Innovation in Banking
- Virtual Assistant in Foreign Trade WATSON - CaixaBank S.A.
Most Innovative Community-Based Banking Organization
- CBW Bank
Most Innovative Bank of the Year
Nominees in this year’s awards program were evaluated by the Innovation Circle Judging Panel, comprised of prominent international innovators who represent the industry and selected winners on the basis of originality and impact.
“Innovation is about relevance, sustainability, growth, profitability and scalability,” said BAI Innovation Circle Judge and Head PBB SA Innovation Capability at Standard Bank Group, Paul Steenkamp from South Africa. “These organizations clearly aren’t happy just performing above the norm in their local markets- they want to benchmark their innovation efforts against the best in the world, and this gives a nudge to all other banks to lift their game. It’s been a huge honor being part of the jury. I’ve learned a tremendous amount.”
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BAI is Bank Administration Institute and BAI Center.