Financial Services Innovation Awards 2022

An innovation (product / service) that is having a disruptive impact within the insurance industry.

2022 winner : Xtract

Xtract’s innovation transforms the motor claims process from outdated and frustrating paper forms and phone calls to a seamless, delightful online experience that builds customer trust and loyalty. Using this new digitised process, claims handlers can instantly see a reconstruction of the incident and all the relevant details, including a rapid analysis of expected damage, costs, and liability.

For more information about Xtract, please visit their website.

An innovative digital platform which supports customer and/or financial services organisations.

2022 winner : Enterprzye

Enterprzye’s Platform makes machine learning, automation and artificial intelligence (AI) accessible to businesses of all sizes – all whilst helping them increase margins, improve productivity and reduce expenses. The team support over 700 companies in 30 countries.

For more information about Enterprzye, please visit their website.

An innovation (product / service) that supports Financial Services in meeting key regulatory compliance obligations and challenges.

2022 winner : Corlytics

The team at Corlytics enable the management of regulation affecting those in the financial services sector including banks, investment managers and insurance, but in particular crypto and payment firms. Their innovation removes the risk associated with regulatory change management, ensuring their clients can show greater resilience to the regulators and provide the insights to use regulation as a source of competitive advantage.

For more information about Corlytics, please visit their website.

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.

2022 winner : Naomh Breandáin Credit Union

The team at Naomh Breandain Credit Union recognized a need to play a part in reducing carbon footprint in their community. They commenced this journey by setting up a small voluntary group called Sustainable Energy West. Their Energy Audits have made a huge social impact in the community, informing groups of their energy as well as offering them a road map into the future. The team are delivering on the Credit Unions vision of “Together Building a Better Tomorrow for our Community.

For more information about their project, please visit their website.

A small to medium sized organisation that has disrupted the financial services industry with a tech innovation (product / service) that significantly improves customer experience.

2022 winner : Phonovation

Phonovation’s Mobile ID service has enabled Irish financial institutions to securely bind their app to the handsets of 6 million customers and to securely send SMS OTPs. Their service ensures a seamless onboarding journey for new customers while it facilitates existing customers to transact securely with their online account.

For more information about Phonovation, please visit their website.

2022 winner : Gulru Atak

Gulru Atak, Head of Innovation in Citi’s Institutional Clients Group, was recognised with the Leadership Award which distinguishes pioneers of innovation across the financial services industry. Within her role at Citi, Gulru explores new opportunities for growth through new business models, emerging technologies and partnerships, as well as driving innovation efforts in collaboration with other Citi teams.