BAI, Infosys Finacle to recognize the top banking innovations

BAGALORE,  INDIA: BAI and Infosys Finacle announced three new additions to the existing award categories of the 2015 BAI – Infosys Finacle Global Banking Innovation Awards. The new categories are Innovation in Payments, Most Innovative Community-Based Banking Organization and Most Innovative Non-Financial Organization.

“The new changes in this year’s program will enable us to further recognize innovation and originality throughout our industry, including community financial institutions and new non-bank entrants that provide direct-to-consumer banking products and services,” says Debbie Bianucci, president and chief executive officer of BAI.

“As a transformation partner to banks globally, we recognize that continuous innovation is the most vital element of success for today’s financial institutions,” says Michael Reh, Senior Vice President & Global Head, Infosys Finacle.

The nominations will be open till April 15, 2015.

Nominations will be accepted from financial institutions, solutions providers, non-bank organizations providing direct-to-consumer financial products or services, industry analysts and public relations firms that represent those organizations.

Organizations can submit nominations in the following categories: Product and Service Innovation, Channel Innovation, Innovation in Internal Process Improvement, Innovation in Societal and Community Impact, Disruptive Innovation in Banking, and Most Innovative Bank of the Year.

The nominations will be judged by The Innovation Circle Judging Panel, a distinguished international group of prominent industry thought leaders and retail banking professionals.

Winners and finalists will be announced during an awards ceremony at the BAI Retail Delivery Conference & Expo, scheduled in October 13-15, 2015, in Las Vegas, NV, USA.