The Efma-Accenture Making the exceptional Banking ...

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Please note Entries close on 24 September. Winners will be announced at an awards ceremony on 18 November 2021. There is no entry fee. Submit your innovation/s for the Submission of the Month competition and if successful you will be fast-tracked as a top-nine nominee in your category. Innovations can only be submitted in the following categories: Analytics & Artificial Intelligence, Offering Innovation, Digital Marketing & Sales, Reimagining the Customer Experience, Future Workforce, Social, Sustainable & Responsible Banking and Neobanks & Specialized Players. To qualify, innovations must have been launched after 1 January 2018 (with the exception of the Neobanks & Specialized Players category.) There is no limit to the number of innovations you may submit. Banking start-ups and spinoffs, and technology firms working within the banking industry may only submit their innovations in the Neobanks & Specialized Finance category. These innovations must be stage-one funded, have a market release proposition, and/or have completed a successful market proof of concept. There are 3 major awards phases Idea collection: banks identify their most innovative project(s) in a variety of categories and submit them online at innovationinbanking.efma.com or using this form. Judging & voting: a rigorous and independent process ensures the credibility of the awards. This includes shortlisting by an Awards Committee; deliberations by a jury of industry professionals; and a broader online voting process. Awards Ceremony: the best innovation in each category will be rewarded during a dedicated event. The 2021 global awards ceremony will be held on 18 November, and will include the winners presenting their submissions. Application form VISIBLE Making the exceptional Innovations are featured on the Banking Innovation Awards Portal (https://innovationinbanking.efma.com/) and brief descriptions are available to all visitors (and searchable by category, company or country.) The most innovative projects and implementations benefit from an in-depth fact-based description that is only available to Efma members. These selected innovations will also be entered for the annual awards process and celebrated at an awards ceremony on 18 November 2021. The Efma-Accenture Banking Innovation Awards 2021 e Efma-Accenture Banking Innovation Awards have been serving as a catalyst for innovation in the banking sector since their inception in 2013. is global competition rewards the best new ideas and practices that are transforming the industry for the benefit of banks and customers alike.

Transcript of The Efma-Accenture Making the exceptional Banking ...

Page 1: The Efma-Accenture Making the exceptional Banking ...

Please note• Entries close on 24 September. Winners will be announced at an awards ceremony on 18 November 2021.

• There is no entry fee.

• Submit your innovation/s for the Submission of the Month competition and if successful you will be fast-tracked as a top-nine nominee in your category.

• Innovations can only be submitted in the following categories: Analytics & Artificial Intelligence, Offering Innovation, Digital Marketing & Sales, Reimagining the Customer Experience, Future Workforce, Social, Sustainable & Responsible Banking and Neobanks & Specialized Players.

• To qualify, innovations must have been launched after 1 January 2018 (with the exception of the Neobanks & Specialized Players category.)

• There is no limit to the number of innovations you may submit.

• Banking start-ups and spinoffs, and technology firms working within the banking industry may only submit their innovations in the Neobanks & Specialized Finance category. These innovations must be stage-one funded, have a market release proposition, and/or have completed a successful market proof of concept.

There are 3 major awards phasesIdea collection: banks identify their most innovative project(s) in a variety of categories and submit them online at innovationinbanking.efma.com or using this form.

Judging & voting: a rigorous and independent process ensures the credibility of the awards. This includes shortlisting by an Awards Committee; deliberations by a jury of industry professionals; and a broader online voting process.

Awards Ceremony: the best innovation in each category will be rewarded during a dedicated event. The 2021 global awards ceremony will be held on 18 November, and will include the winners presenting their submissions.

Application form

VISIBLEMaking the exceptional

Innovations are featured on the Banking Innovation Awards Portal (https://innovationinbanking.efma.com/) and brief descriptions are available to all visitors (and searchable by category, company or country.) The most innovative projects and

implementations benefit from an in-depth fact-based description that is only available to Efma members. These selected innovations will also be entered for the annual awards process and celebrated at an awards ceremony on 18 November 2021.

The Efma-Accenture Banking Innovation Awards 2021

�e Efma-Accenture Banking Innovation Awards have been serving as a catalyst for innovation in the banking sector since their inception in 2013. �is global competition rewards the best new ideas and practices that are transforming the industry for the bene�t of banks and customers alike.

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To apply, please completePart 1 Providing information about the company and project* you want to submit.Part 2 Giving further details about the project and describing the reasons that make it innovative.*Please note: it is possible to submit several projects (using an application form for each).

Part 1Company details

Please provide the following information on the bank/institution being nominated:

Company name:

Country:

Key contact person details

Please provide the following information concerning the key contact person (the person designated should be someone within the organization who is well-informed about the innovation and can provide further details).

First name:

Last name:

Job title:

Contact number:

Mobile:

Email address:

Innovation category Please select the category which best describes your innovation (visit innovationinbanking.efma.comfor a more detailed description of these):

Please note: if the project has not yet been launched on the market, specify its current development stage (e.g. concept phase, design phase, prototype or pilot phase)

Innovationname

Launch date

Analytics & Artificial Intelligence

Offering Innovation

Digital Marketing & Sales

Reimagining the Customer Experience

Future Workforce

Social, Sustainable & Responsible Banking

Neobanks & Specialized Players

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• Concept and objectives• Reasons behind• State of competition

• Sources of inspiration• Departments involved • Main results so far

Brief innovation summary

Please provide a brief description of the innovation you would like to submit. Please make sure you address most of the following aspects:

(Please limit your response to 250 words. For reasons of readability, the organizers may choose not to publish long responses in their entirety on the portal).

Part 1 cont.

Innovation at a glance

Please describe your innovation in one sentence:

Please submit any additional documentation you might consider helpful to describe the innovation design, originality, impact and results (e.g. case studies, PNG or JPG images, press releases, URLs, YouTube videolinks) and that would support the evaluation process.

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Confidentiality: all supplied project details will be made available within the dedicated Innovation Portal (and potentially at related events and in a yearly report); part 2 will only be accessible to Efma members and participants in the Awards.

Part 2Please note: part 2 is mandatory. This information is considered as strictly confidential and will only be used to give voters more information for a deeper project evaluation (Efma members only).

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UniquenessDefine what makes the project unique, in terms of innovative aspects/characteristics and differentiating factors with respect to the market. Specify whether it represents an incremental or disruptive innovation, and how it fits with the current business model and positioning of the company.(Please limit your response to 150 words. For reasons of readability, the organizers may choose not to publish long responses in their entirety on the portal).

1 The reason behindExplain, as briefly as possible, the reasons that make your company the most innovative banking player globally,in terms of the importance of innovation as a driver of its growth as well as elaborating on the role innovation playswithin your organization. (Please limit your response to 150 words. For reasons of readability, the organizers may choose not to publish long responses in their entirety on the portal).

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Confidentiality: all supplied project details will be made available within the dedicated Innovation Portal (and potentially at related events and in a yearly report); part 2 will only be accessible to Efma members and participants in the Awards.

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ImplementationDescribe the key elements characterizing the innovation development process, in terms of:

• Time-to-market (period between idea generation and the date it was launched into the market)• Process steps and timeline (e.g. kick-off, design phase, run phase, pilot etc.)• Challenges (e.g. issues or obstacles faced during the different development phases)• Current status and progress• Next steps and further expected developments(Please limit your response to 150 words. For reasons of readability, the organizers may choose not to publish long responses in their entirety on the portal).

4 Project organizationDescribe the organizational structure supporting the development of the innovation, in terms of:

• Dedicated FTEs (number of people and capabilities involved)• Structures and functional areas involved• Supporting partners and vendors(Please limit your response to 150 words. For reasons of readability, the organizers may choose not to publish long responses in their entirety on the portal).

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Confidentiality: all supplied project details will be made available within the dedicated Innovation Portal (and potentially at related events and in a yearly report); part 2 will only be accessible to Efma members and participants in the Awards.

Please return this form by email to: [email protected] by 24 September 2021.

Need help? Please contact Boris Plantier ([email protected])

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5Part 2 cont.

ResultsDescribe the major results obtained/expected, in terms of:• Qualitative success metrics (e.g. customer satisfaction, other awards)• Quantitative success metrics (e.g. revenue increase, cost-income reduction, customer acquisition, lower FTE absorption, operational risk reduction)(Please limit your response to 150 words. For reasons of readability, the organizers may choose not to publish long responses in their entirety on the portal).

Specify the investment size for the different areas involved, such as:

Investments

Overal

Marketing & Communications

IT & Operations

Other

$ 0-250K $ 250-500K $ 500K-1MLN >$ 1MLN