Applications open for the banking innovation awards of Efma and Accenture | Business
PARIS, NEW YORK AND HONG KONG – (BUSINESS WIRE) – May 17, 2021 –
Efma and Accenture (NYSE: ACN) launched the eighth annual Banking Innovation Award. The global competition rewards the best new ideas and innovative practices that are transforming the banking industry today. Banks can submit entries until September 24, at the following address: innovationinbanking.efma.com.
the Efma-Accenture Banking Innovation Award invite banks around the world to submit their most innovative projects that demonstrate how they are using the latest technologies to transform the industry in the aftermath of COVID-19 in the following seven categories:
- Analytics and Artificial Intelligence (AI) – innovations that use large-scale data, analytics and AI to improve the bank’s offerings, experiences and operations.
- Digital Marketing and Sales – new ways to transform the way banks can better understand customers, position offers, generate leads and communicate with customers.
- Future workforce – changes in the way employees work, the overall workforce and the employee experience.
- Neobanks and specialized players – innovations from banking startups, digital spin-offs and technology companies working in the banking sector.
- Offer innovation – revolutionary concepts that significantly improve or transform the products or functions that generate income for banks.
- Reinventing the customer experience – rethink the banks’ distribution channels and the management of communication, engagement and customer relations.
- Social, sustainable and responsible bank – advances in the social vocation and the bank’s commitment to be a good corporate citizen and a true ally of its customers.
Furthermore “Global innovator” will be selected for the participant who demonstrates a corporate vision that is committed to continuous innovation and transformation, the development and leadership of a broad ecosystem of partners going beyond banking, and the use of technologies emerging to improve customer experience and sales performance. The winners will be honored at a dedicated awards ceremony on November 18.
“Despite the current challenges in the banking industry, there is no doubt that banks continue to increase the use of digital channels at a faster rate,” said John Berry, CEO of Efma. “As banking increasingly integrates into daily customer experiences, banks that implement innovative hybrid service models and leverage ecosystems will be able to develop more sophisticated products and services to stay relevant. for their clients. We encourage financial institutions around the world to submit their innovations and share their ideas and best practices to help transform the industry for the benefit of banks and customers. “
Each entry will be evaluated according to three criteria: originality; impact – the strategic ability of an innovation to generate long-term competitive advantage and return on investment; and universality – its adaptability for use in other markets and countries.
Fabrice Asvazadourian, who heads Accenture’s banking group in Europe, said: “As we emerge from a year of customers being pushed en masse into digital services due to the COVID-19 pandemic, the world’s banks people are adopting new technologies to position their businesses. for renewed growth. We are looking for banks that harness change to generate value; the Efma-Accenture Banking Innovation Awards spotlight innovations that help the banking industry overcome disruption and become more resilient and competitive. “
Winners will be selected through a combination of votes by a 30-member jury comprising banking executives from around the world and online voting by members of EFMA and non-members of financial institutions.
A global non-profit organization created in 1971 by banks and insurance companies, the EFMA facilitates networking between decision-makers. It provides quality information to help banks and insurance companies make the right decisions to drive innovation and drive transformation. 120 financial groups in 133 countries are members of Efma. Based in Paris. Offices in London, Brussels, Andorra, Milan, Stockholm, Bratislava, Warsaw, Moscow, Istanbul, Beirut, Dubai, Tokyo, Singapore, Sydney and Montreal. Learn more: www.efma.com
Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialized skills in over 40 industries, we provide strategy and consulting, interactivity, technology and operations services, all powered by the world’s largest network of advanced technology centers and smart operations. Our 537,000 employees deliver on the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, employees, shareholders, partners and communities. Visit us at www.accenture.com.
Accenture’s Banking Group Helps Retail and Commercial Banks and Payment Providers Drive Innovation; meet business, technological and regulatory challenges; and improve operational performance to build trust and engagement with customers and grow more profitably and securely. To learn more, visit https://www.accenture.com/us-en/industries/banking-index.
Copyright © 2021 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.
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PUB: 05/17/2021 3:59 a.m. / DISC: 05/17/2021 3:59 a.m.
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