2023 Awards categories and criteria
There are 25 categories to choose from this year including two new categories: Best Use of Robotic Process Automation (RPA) and Best Banking and a Service Provider. Take a look at the list of categories below.
Best Alternative Investments Solution
Given to a fintech or tech company that uses technology to offer investment opportunities beyond what traditional investment and wealth management firms are able to provide.
Best Back-Office/Core Services Solution
Given to the fintech or tech company that excels in back-office and core-services solutions. Allowing banks and FIs to seamlessly manage their day-to-day operations while also giving them the opportunity to engage with new tech solutions and establish new products and processes.
Best Consumer Lending Solution
Given to a bank or FI that excels in the field of consumer lending by offering quality products and an exceptional digital experience.
Best Customer Experience Solution
Given to a bank or FI that has created an exceptional customer experience for their users. Customer experience will include all aspects of a customer journey from onboarding/account opening through account management, customer service, etc.
Best Digital Bank
Given to a digital-only or digital-first bank that offers its customers quality products and an exceptional digital experience.
Best Embedded Finance Solution
Given to a fintech company that has integrated its product, functionality, or offering into an existing technology stack without interrupting the existing user experience or to a bank that is the best example of a banking-as-a-service provider.
Best Enterprise Payments Solution
Given to a bank, FI, or fintech company that excels in the area of enterprise payments, balancing speed, ease of use, and reliability.
Best Financial Mobile App
Given to a bank or FI that has an excellent mobile app. Balancing functionality, design, security, and usability to create an outstanding customer experience.
Best Fintech Accelerator/Incubator
Given to an accelerator or incubator that consistently nurtures quality fintech companies and helps them on their journey. Factors will include how their alumni roster has performed in the market and testimonials from innovators who have participated in the accelerator or incubator.
Best Fintech Partnership
Given to an FI and fintech company who are working together to build something new and groundbreaking. The partnership should allow them to do something together that is greater than the sum of their parts.
Best ID Management Solution
Given to a bank, FI, or fintech that excels in the area of ID management, including ID verification and KYC compliance pieces, and protecting customers’ identities and safeguarding their personal data.
Best Insurtech Solution
Given to a fintech, FI, or insurance provider with an excellent new solution in the insurtech space.
Best Mobile Payments Solution
Given to a bank, FI or fintech company that excels in the field of mobile payments.
Best RegTech Solution
Given to a bank, FI, or fintech company that excels in the field of regulatory compliance without disrupting customer experience or creating inefficiencies for bank employees.
Best SMB/SME Banking Solution
Given to a bank or FI that excels at engaging with small and medium sized businesses by offering quality products and an exceptional digital experience.
Best Wealth Management Solution
Given to a wealth management firm, bank or FI with an excellent new solution to give consumers more control over their future wealth and help them meet long-term financial goals.
Excellence in Financial Inclusion
Given to a bank. FI, or fintech firm that excels at engaging with unbanked and under-banked people from around the world in order to give more people access to basic banking services.
Excellence in Sustainability
Given to a bank, FI, or fintech company doing excellent work in sustainability. Sustainability can be broadly defined as made up of three primary areas: economic, social, and environmental.
Executive of the Year
Given to an individual who holds an executive-level position at a bank, FI or intech firm whose leadership has pushed their team to accomplish great things. This category is free to enter.
Innovator of the Year
Given to an individual whose innovative ideas and creations have had the greatest impact on financial technology. This category is free to enter.
Top Emerging Fintech Company
Given to a fintech startup 2 years old or younger that is the most likely to become the next fintech unicorn.
Best BNPL Solution
Given to a bank or fintech that is creating excellent experiences and driving strong customer adoption and loyalty in the Buy Now Pay Later space.
Excellence in Decentralized Finance
Given to a bank, fintech, or tech company that is using DeFi to bring excellent new experiences to consumers that don’t rely on centralized or governmental financial institutions.
Best Banking as a Service Provider
Given to a financial institution that excels at making banking and financial services available to non-FI organizations.
Best Use of Robotic Process Automation (RPA)
Given to a bank, FI, or fintech that is using RPA effectively to improve internal processes or serve external customers more effectively and efficiently.