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

 

1

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.

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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.

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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

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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.

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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.

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Don’t be afraid to talk about your setbacks or challenges and how you overcame them through ideation and implementation. These stories spark inspiration.

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Be specific, especially in your results. Use statistics and numbers to show growth or change.

This Year's Categories

Beyond Core Banking Offerings

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

Core Offering Innovation

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

Future Workforce

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

Neobanks & Specialized Players

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

Reimagining the Customer Experience

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

 

Social, Sustainable & Responsible Banking

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

2

The Selection Phase

An innovation committee shortlists the best innovation in each category based on 3 criteria

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Originality

The uniqueness of the idea in the marketplace and its potential as a gamechanger.

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Impact

The innovation’s capacity to generate a superior, long-term competitive edge and a significant return on investment.

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Universality

The innovation’s adaptability across different markets and countries.

3

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.

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Jury members

Votes coming from the Awards Jury, which comprises senior banking executives from across the world, will represent 50% of the global score

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Qorus members

Qorus members' vote account for 40% of the vote.

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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

10,000+
Online votes received in 2022
41
Senior banking leaders to act as judges in 2023
3035
Participating institutions since 2013
5246
Innovations since 2013

A Global Awards Program

We celebrate innovation from all around the world. Discover where the most disruptive banking projects come from!

Argentina
7 innovations
7 innovations
Australia
38 innovations
38 innovations
Austria
46 innovations
46 innovations
Bahrain
10 innovations
10 innovations
Bangladesh
14 innovations
14 innovations
Belgium
61 innovations
61 innovations
Bosnia and Herzegovina
9 innovations
9 innovations
Brazil
315 innovations
315 innovations
Bulgaria
48 innovations
48 innovations
Canada
62 innovations
62 innovations
Chile
3 innovations
3 innovations
China
5 innovations
5 innovations
Colombia
38 innovations
38 innovations
Croatia
35 innovations
35 innovations
Czech Republic
40 innovations
40 innovations
Denmark
22 innovations
22 innovations
Egypt
11 innovations
11 innovations
Finland
9 innovations
9 innovations
France
423 innovations
423 innovations
Georgia
25 innovations
25 innovations
Germany
40 innovations
40 innovations
Ghana
8 innovations
8 innovations
Greece
49 innovations
49 innovations
Hong Kong
27 innovations
27 innovations
Hungary
20 innovations
20 innovations
India
227 innovations
227 innovations
Indonesia
82 innovations
82 innovations
Ireland
29 innovations
29 innovations
Israel
43 innovations
43 innovations
Italy
380 innovations
380 innovations
Japan
27 innovations
27 innovations
Kazakhstan
5 innovations
5 innovations
Kenya
13 innovations
13 innovations
Korea (South)
21 innovations
21 innovations
Kuwait
33 innovations
33 innovations
Lebanon
54 innovations
54 innovations
Lithuania
6 innovations
6 innovations
Malaysia
92 innovations
92 innovations
Mauritius
22 innovations
22 innovations
Mexico
23 innovations
23 innovations
Morocco
36 innovations
36 innovations
Mozambique
7 innovations
7 innovations
Netherlands
35 innovations
35 innovations
New Zealand
8 innovations
8 innovations
Nigeria
58 innovations
58 innovations
Norway
5 innovations
5 innovations
Oman
9 innovations
9 innovations
Pakistan
54 innovations
54 innovations
Peru
3 innovations
3 innovations
Philippines
84 innovations
84 innovations
Poland
166 innovations
166 innovations
Portugal
82 innovations
82 innovations
Qatar
7 innovations
7 innovations
Romania
15 innovations
15 innovations
Russian Federation
84 innovations
84 innovations
Saudi Arabia
5 innovations
5 innovations
Serbia
10 innovations
10 innovations
Singapore
148 innovations
148 innovations
Slovakia (Slovak Republic)
15 innovations
15 innovations
South Africa
167 innovations
167 innovations
Spain
234 innovations
234 innovations
Sri Lanka
15 innovations
15 innovations
Sweden
20 innovations
20 innovations
Switzerland
23 innovations
23 innovations
Taiwan
20 innovations
20 innovations
Thailand
97 innovations
97 innovations
Turkey
456 innovations
456 innovations
USA
65 innovations
65 innovations
Ukraine
4 innovations
4 innovations
United Arab Emirates
222 innovations
222 innovations
United Kingdom
107 innovations
107 innovations
Vietnam
20 innovations
20 innovations
Zimbabwe
2 innovations
2 innovations
Africa
Asia and Pacific
Europe
Midle East
North America
South America

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

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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.

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Accenture

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.

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