The Banking Tech Awards recognize excellence and innovation in the use of IT in financial services worldwide, and the people who make it happen. The year 2024 is the 25^th year for these prestigious awards.

For banks and financial institutions, winning a Banking Tech Award showcases the value of their technology investments and showcases their skills, commitment, creativity and execution. For software providers, a Banking Tech Award is a valuable recognition of the company’s products and services.

Winners
UnionBank of the Philippines and Infosys Finacle
Best Use of Tech in Consumer Lending

Union Bank of Philippines, a leading universal bank serving over 5 million customers, partnered with Samsung to launch Samsung Finance+, a 0% interest gadget loan program targeting uncarded and new-to-credit Filipinos. Leveraging telco-based credit scoring and powered by Finacle’s digital banking solutions, the initiative enabled instant loan approvals through a fully digital process, including eKYC and underwriting. With an innovative auto-lock feature ensuring responsible credit use, Union Bank redefined financial inclusion and solidified its position in the Buy Now, Pay Later (BNPL) space, combining agility, efficiency, and superior customer experience.