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Deloitte Financial Services Innovation Awards recognises disruptors shaping the future of the industry

The programme celebrates innovation by companies operating within the financial services industry companies across the island of Ireland and is run in partnership with Banking & Payments Federation Ireland (BPFI) and Financial Services Ireland (FSI).

The awards recognise both individuals and companies that are leading the way in innovation; using advanced technologies to overcome challenges and seize opportunities that improve outcomes for customers and enhance the way business is done.

Previous winners of the awards include TransferMate, a global payments facilitator, a subsidiary of software technology group CluneTech, which is the leading provider of B2B payments infrastructure as a service, facilitating faster, easier and lower cost cross-border payments in more than 160 countries and 134 currencies and Aylien, a provider of artificial intelligence-powered risk intelligence and financial analytics solutions.

Pictured left to right: Brian Hayes, CEO, BPFI; David Dalton, Head of Financial Services, Deloitte Ireland.

 

David Dalton, Partner and Head of Financial Services at Deloitte Ireland, commented: “As we move past the pandemic, businesses can take pride in the resilience and innovation they have shown as they look towards the future and how they can continue to apply this innovative thinking to new product lines and customer experience and engagement. The Awards are an opportunity for these organisations to reflect and recognise the innovation they have shown, leading transformation across the financial services industry.”

In addition to David Dalton, judging panel members will include Brian Hayes, CEO, BPFI, Cecilia Ronan, Chair Financial Services Ireland and CEO Citibank Europe; Ciaran Hancock, Business Editor, Irish Times and Ken Moore, Chief Innovation Officer Mastercard.

Winners will be selected in a number of categories: PayTech, InsurTech, Most Innovative Digital Platform, RegTech, Social or Sustainable and Most Disruptive Fintech. The judging panel will also select an overall winner, from these categories and present an honorary Leadership award.

"FSI is delighted to once again support the Financial Services Innovation Awards. The Awards are a tremendous opportunity to showcase Ireland as a hub for world-class financial services innovation, highlighting the sector’s growth and ambition for the future. This is built on a unique ecosystem of cross sectoral activities and highly skilled talent," Cecilia Ronan, Chair FSI and CEO Citibank Europe Plc & Citi Bank Officer, Citi Ireland.
 

"The banking, payments and fintech sectors are central to the future of innovation and digital transition within financial services. We have big challenges ahead and businesses that don't innovate won't survive. The annual Deloitte Financial Services Innovation Awards provide a brilliant opportunity for FS firms to showcase what they do and how they make a difference to their customers. Across all categories these awards firmly show the breath of innovation that's taking place here in Ireland," Brian Hayes, CEO, Banking & Payments Federation Ireland.

For further details on the awards, please visit deloitte.ie/fsia. Applications are now open. The closing date for entries is Friday, 29 April 2022.

Award categories

1. Overall winner - An organisation that has significantly contributed to innovation in the financial services industry and advancement of the sector.
2. PayTech - An innovation (product / service) that is having a disruptive impact within the transactions and payments industry.
3. InsurTech - An innovation (product / service) that is having a disruptive impact within the insurance industry.
4. Digital Platform - An innovative digital platform which supports customer and/or financial services organisations.
5. RegTech - An innovation (product / service) that supports Financial Services in meeting key regulatory compliance obligations and challenges.
6. Social or Sustainable - An innovation within the financial services sector that harnesses technology to address social responsibility and/or employee wellbeing & Inclusion and/or sustainability concerns either specific to a business or the wider community.
7. Most Disruptive FinTech - A small to medium sized organisation that has disrupted the financial services industry with a tech innovation (product / service) that significantly improves customer experience

Entry criteria

Qualifying entrants will be:

1. An organisation that has developed an innovation within the financial services industry.
2. An organisation that has been in operation for a minimum of three years.
3. An organisation with an annual turnover in excess of €1million/£850,000. All entrants will be requested to submit proof of turnover, with information being held in strict confidence.
5. An organisation (parent company) which is operating on the island of Ireland (including Northern Ireland).
6. The judging panel reserves the right to reallocate entries into alternative categories deemed suitable.
7. All applicants are subject to independence checks.

A business may enter in as many categories as applicable.

Assessing criteria

The judging panel will examine applications under the Doblin Framework for Innovation.

14/03/2022