We identify and award the most innovative projects in the banking industry
The awards aim to highlight and share global best practices that will accelerate the transformation of banking for the better.
Download our 2023 awards program brochure
The Submission Phase
The Qorus–Accenture Banking Innovation Awards aims to appraise and recognize the most innovative projects, initiatives and ideas in banking globally. Winners are awarded by their peers, with a rigorous, independent process ensuring the credibility of the awards.
Clearly present the problem you needed to solve; show how you used technology or an innovative idea to solve that problem; and highlight the results with both qualitative and quantitative success metrics.
Remember to directly address each judging criterion: originality, impact and universality. Mapping your key points to each criterion prior to writing your submission entries is a useful exercise
Proofread and edit your submission. While correct spelling and grammar are not criteria, a polished final submission will impress your peers, who have the final say regarding who wins.
Visuals, such as images, videos or screenshots of an application, can make your submission more engaging. Gather your best supporting materials to add as attachments.
Don’t be afraid to talk about your setbacks or challenges and how you overcame them through ideation and implementation. These stories spark inspiration.
Be specific, especially in your results. Use statistics and numbers to show growth or change.
This Year's Categories
Creative new products that change the bank’s business model and expand or redefine its role. These novel offerings may be developed and distributed by the bank alone or with ecosystem partners in other industries. They may either be stand-alone banking products or be incorporated into broader, more diverse non-financial offerings.
#Ecosystems #Marketplaces #Superapps #NewProducts #OpenBanking #API #EmbeddedFinance #NewBusinessModels
Breakthrough concepts that dramatically enhance, transform, or tailor them to specific market segments. This could include traditional banking products such as credit, payments and advice.
#ValueAddedServices #NicheOrientedOffering #DigitalPlatform #MobilePayments #InvisiblePayments #CryptoCurrency #BuyNowPayLater #OperationalExcellence
Changes to work, the workforce and the employee experience. This includes the use of data, technology and new approaches to how employees are supported by machines and upskilled, and how work is organized, performed, measured and managed.
#WorkforceEmpowerment #EmployeeExperience #Learning #DigitalHR #AgileWorkforce #Automation #HumanAICollaboration
The creation and/or application of innovative technology that substantially enhances customers’ banking experience and/or develops new sources of revenue for the industry. This category is reserved for banking start-ups and spinoffs, and technology firms working within the banking industry, whose innovations are stage-one funded, have a market release proposition, and/or have completed a successful market proof of concept.
#Fintech #Attackers #Neobanks #PlatformBanks #IncumbentsThatLaunchNeobanks
Significant enhancements in the bank’s marketing, sales and distribution, and its management of customer channels, communications, engagement and relationships.
#DistributionModelInnovation #DigitalTransformation #DigitalSales #NewBranchLayout #SocialSales #BrandAwareness #ArtificialIntelligence #CustomerAnalytics #DataDrivenPersonalization #PhygitalDistribution
Innovations that advance the bank’s social purpose and its commitment to being a good corporate citizen and a true ally of its customers.
#UniversalDesign #BarrierFreeBanking #FinancialInclusion #FinancialLitteracy #MicroCredit #SocialCrowdfunding #GreenBanking #Transparency #SocialImpact #EnvironmentalImpact
The Selection Phase
An innovation committee shortlists the best innovation in each category based on 3 criteria
Originality
The uniqueness of the idea in the marketplace and its potential as a gamechanger.
Impact
The innovation’s capacity to generate a superior, long-term competitive edge and a significant return on investment.
Universality
The innovation’s adaptability across different markets and countries.
The Voting Phase
The Qorus–Accenture Banking Innovation Awards aims to appraise and recognize the most innovative projects, initiatives and ideas in banking globally. Winners are awarded by their peers, with a rigorous, independent process ensuring the credibility of the awards.
Jury members
Votes coming from the Awards Jury, which comprises senior banking executives from across the world, will represent 50% of the global score
Qorus members
Qorus members' vote account for 40% of the vote.
Qorus Non-Members
Non members are also allowed to vote, but their vote will only account for 10% of the global vote.
Current Program Highlights
A Global Awards Program
We celebrate innovation from all around the world. Discover where the most disruptive banking projects come from!
Testimonials
It’s amazing to see how your initiatives and work compare to other leaders in the space, and what you can take from their experiences to use it in your own work.
- Jackson Davey, Commonwealth Bank of Australia
We’ve got to learn a lot today about global innovation, best in class practices and experiences from banks and financial institutions from all over the world. Just hearing the insight from both Accenture; global specialists; It provides a ton of content and insight that we can all carry back home to our organizations.
- Peter Poon, Head, Digital Product Management, Bank of Montreal
Really nice to hear from across the industry, and really hear about best practice for areas where we might not be big players, and that really sparks ideas on our side as well. The process of actually submitting an idea genuinely moves the business forward.
- Andrew McCurrie, Head of Market Insights, Discovery
Our award, recognised our achievement at an industry level on an international stage. This gave us, as a team, a lot of credibility amongst our peers. It showed our colleagues what we were doing was not only important but also possible… in other words the award was recognition that we are, by doing things differently, able to deliver disruptive and game changing capabilities to our clients… and that’s not something we are saying but rather international organizations.
- Arno Von Helden, Head: Forex Solutions/CIB Global Markets, Standard Bank Group
Our Partnership and Values
A non-profit organization for over 50 years, Qorus is a cornerstone of the financial services industry. Qorus facilitates networking that helps banks and insurers to reinvent themselves to thrive. It is a catalyst for reinvention for its members by helping them to go further, be faster and work together. 1,200 financial brands in 120 countries are Qorus members. Headquartered in Paris, Qorus serves financial institutions on all continents, with offices in Andorra, Bangkok, Bratislava, Brussels, Dubai, Istanbul, Kuala Lumpur, London, Milan, Seoul, and Tokyo.
Accenture is a global professional services company that assists businesses, governments, and organizations in building their digital core, optimizing operations, accelerating revenue growth, and enhancing citizen services. With 738,000 talented individuals across 120+ countries, we combine technology expertise, industry experience, and global delivery capability to drive transformative change. Our services span Strategy & Consulting, Technology, Operations, Industry X, and Accenture Song, enabling us to deliver tangible outcomes and build lasting relationships.
