BAI Announces 2021 Global Innovation Award Finalists

Rhea-AI Summary

BAI has announced the finalists for the 11th Annual 2021 BAI Global Innovation Awards, recognizing groundbreaking solutions in the financial services industry. Categories include Innovation in Compliance and Risk Management, Consumer Product and Services, and Digital Transformation, with notable finalists like OneConnect Smart Technology Co., LTD from China featuring their Global Markets Digital Lab. Winners will be revealed in December 2021.

Positive

• OneConnect Smart Technology Co., LTD nominated for Global Markets Digital Lab, showcasing innovation in digital transformation.

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• None.

CHICAGO--(BUSINESS WIRE)-- BAI announced the finalists for the 11^th Annual 2021 BAI Global Innovation Awards, the industry’s prestigious awards program that celebrates new and innovative solutions in the financial services industry worldwide. The 2021 BAI Global Innovation Awards finalists are:

Innovation in Compliance and Risk Management

• Emirates NBD Bank, United Arab Emirates: Transforming the Anti-Money Laundering Framework
• Hummingbird, United States: Hummingbird Platform
• UnionBank of the Philippines, Philippines: Credit Card Fraud Detection Model

Innovation in Consumer Product and Services

• Commonwealth Bank of Australia, Australia: CommBank Benefits Finder
• FNB Insurance, South Africa: Future Family Benefit on Critical Illness
• ICICI Bank, India: IntelliCollect – AI powered Contactless Collection
• PNC Financial Services Group, United States: Low Cash Mode
• Yapı Kredi, Turkey: My Car+: Everything about your vehicle

Innovation in Digital Transformation

• AVIVA POLSKA, Poland: eInsurance Digital Omnichannel Life Insurance Application Journey
• Bank of America, United States: Bank of America Mobile Banking Super App
• Deutsche Bank, Germany: Deutsche Bank API Program Embedded Finance Initiative
• OneConnect Smart Technology Co., LTD, China: Global Markets Digital Lab in Abu Dhabi
• SolarisBank, Netherlands: Banking as a Service

Innovation in Human Capital

• KeyBank, United States: Remote Intern Program
• Payactiv, United States: Livelihood Employee Experience Platform
• Royal Credit Union, United States: Employee Learning Experience

Innovation in Environmental, Social and Governance (ESG)

• Bank of Montreal, Canada: BMO Give & Go
• BMO Harris Bank, United States: BMO for Black and Latinx Businesses
• Citizens Financial Group, United States: Citizens Green Deposits
• imagin, Spain: imagin: A Community with a Positive Impact
• Lufax Holding Ltd., China: Farmers’ Assistance Fund
• Wintrust Financial Corporation, United States: Wintrust Paycheck Protection Program (PPP) Resource Centers

Innovation in Internal Process

• Alior Bank, Poland: InfoNina, virtual assistant
• ICICI Bank, India: Pre-Delinquency Management
• Israel Discount Bank, Israel: POPCORN - An Innovative Customer Listening Model
• PKO Bank Polski, Poland: Road to Paperless Banking Empowered by Blockchain Technology
• PZU SA, South Africa: AI Assistant in Claims (Field Inspection)

Innovation in Small Business Product & Services

• HSBC UK, United Kingdom: HSBC Kinetic, Mobile Banking Service
• Lufax Holding Ltd., China: Lufax "Xingyun" Smart Loan Solution
• Ping An OneConnect Bank Limited, Hong Kong: “PAOB SME" Mobile Application
• Santander Bank, N.A., United States: Santander Treasury Fusion for Where You Do Business
• Tribal Credit, United States: Tribal Credit Tools

The winners will be announced in December 2021. To learn more please visit BAI Global Innovation Awards.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211109005488/en/

Holly Hughes

BAI, Chicago

hhughes@bai.org

+1 (312) 683-2305

Source: BAI

FAQ

What is the 2021 BAI Global Innovation Awards about?

The 2021 BAI Global Innovation Awards celebrates innovative solutions in the financial services industry.

Who are the finalists for the 2021 BAI Global Innovation Awards?

Finalists include Emirates NBD Bank, Hummingbird, UnionBank of the Philippines, and OneConnect Smart Technology Co., LTD.

When will the winners of the 2021 BAI Global Innovation Awards be announced?

The winners will be announced in December 2021.

What innovation did OneConnect Smart Technology Co., LTD showcase?

OneConnect Smart Technology Co., LTD showcased the Global Markets Digital Lab as part of their nomination.