IBSi Global FinTech Innovation Awards 2024
The IBSi Global FinTech Innovation Awards 2024 celebrated banks, financial institutions, and technology leaders for their outstanding achievements in leveraging emerging technologies to drive impactful banking innovations and implementations. This year, the awards highlighted the excellence of global banking pioneers, FinTech innovators, and institutions in delivering cutting-edge projects. With over 400 submissions from 100 organizations worldwide, the event showcased a truly remarkable breadth of innovation and impact across the industry.
Arab National Bank and Infosys Finacle
Category: Best Core Banking Implementation
Arab National Bank (ANB) has upgraded to the latest version of Finacle, enhancing scalability, flexibility, and readiness for digital innovation. This transformation enables faster product launches, seamless third-party integration, and efficient scaling of operations. By reducing technical debt and enabling swift customizations, ANB strengthens its competitive edge, future-proofs its digital infrastructure, and positions itself for long-term growth.
Newcastle Permanent and Infosys Finacle
Category: Most Innovative Digital Onboarding rollout
Newcastle Permanent launched an Online Account Opening (OAO) initiative using Finacle’s digital-first solution. This agile-driven approach enabled seamless digital onboarding, boosting operational efficiency and customer engagement. Within two years, online accounts grew 484%, supporting Newcastle Permanent’s competitive positioning and balance growth in Australia’s banking sector.
NaBFID and Infosys Finacle
Category: Best Digital Lending Implementation
NaBFID’s objective is to bridge the gap in long-term, non-recourse financing for India’s infrastructure sector. By leveraging Finacle’s cloud-native solutions, NaBFID enhanced agility, scalability, and operational resilience. Finacle’s secure, compliant-ready platform ensures 99.95% uptime, enabling zero-risk, 24/7 operations. Advanced analytics drive better decisions, fostering sustainable growth and attracting investments for robust infrastructure development.
Regional Investment Corporation and Infosys Finacle
Category: Best Innovative Cloud Deployment
Regional Investment Corporation provides low-interest loans to farm and farm-related businesses. The bank transitioned from outsourcing to a fully insourced lending model powered by Finacle’s cloud-native solutions. This shift enhanced scalability, efficiency, and customer engagement, resulting in 20% faster decision-making, zero downtime, and $35M in projected benefits over 10 years, fostering sustainable growth.
