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Honoring Innovation with the 2011 BAI-Finacle Global Banking Innovation Awards

It's been a long journey for banking innovation, from when it started out some 1,800 years ago when Persian merchants issued the first "checks", to its current state.  While there have been ups and downs, financial services innovation has endured, to revolutionize the business of banking, enable struggling institutions to claw back, and now, allow non-banking firms to make a statement with disruptive offerings. Barring a few detractors, the overwhelming majority believes that banks must innovate, or risk the consequences.
Infosys has always been a strong advocate of innovation, putting in years of effort and investment into creating technology products and services to support banking institutions globally. And now, we've launched a new initiative, jointly with BAI (Bank Administration Institute), to recognize the achievements of banks that have created a positive impact on customers and organizational profitability with breakthrough innovation.
The 2011 BAI-Finacle Global Banking Innovation Awards is a prestigious program that will honor game-changing products, services and practices from the world of global banking. Awards will be given in three categories, namely Product Innovation, Service Innovation, and Disruptive Innovation. The award in the first category will go to a bank that has created excitement among customers, new revenue opportunities, or competitiveness with a new product. The service innovation award will be given in recognition of service and customer experience excellence across all banking channels. The award for disruptive innovation will honor a bank that has made a global impact by challenging the norms of retail banking with a radical product or service.
The jury consists of an eminent panel of industry analysts, consultants, academics and retail banking professionals, who will decide the winners based on Originality, Applicability and Impact.

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