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Five Alums Earn Finalist Spots in Global Banking Innovation Awards 2015


Five Finovate alums, including three innovative bank partners, have made it to the finals of the BAI Global Banking Innovation Awards 2015.

Lending Club, Moven, and PayItSimple will compete for top honors in the “Most Innovative Non-Bank Financial Services Organization Award.”

Fidor Bank AG, headquartered in Germany, earned finalist honors in four categories. Fidor demoed its FidorPay Account at FinovateEurope 2011:

  • Product and service Innovation
  • Innovation in payments
  • Disruptive innovation in banking
  • Most innovative bank of the year

Poland’s Idea Bank made it to the finals in one category, Innovation in Payments. Idea Bank joined Efigence on the stage for FinvoateEurope 2014 and presented their transaction system for SMEs.

The winners and finalists will be recognized during the BAI Retail Delivery Conference & Expo, 13-15 October 2015 in Las Vegas.

A total of 39 finalists were selected out of more than 250 nominees. This year’s event featured three new categories: Innovation in Payments; Most Innovative Community-based Banking Organization; and Most Innovative Non-bank Organization. According to BAI president and CEO Debbie Blanucci, the goal was to recognize the full breadth of innovation in the financial services space.

“The new changes in this year’s program will enable us to further recognize innovation and originality throughout our industry,” Blanucci said, “including community financial institutions and new non-bank entrants that provide direct-to-consumer banking products and services.”

2015 marks the fifth year of the The BAI – Infosys Finacle Global Banking Innovation Awards, sponsored by Bank Administration Institute and BAI Center and Infosys.