Trailblazers in financial services to gain recognition as Deloitte launch first annual Financial Services Innovation Awards
Awards to showcase new and transformative processes that are shaping the future of the industry
6 June 2019 Deloitte today announces the launch of its first annual Financial Services Innovation Awards. The new programme is the first of its kind in Ireland, and celebrates innovation by financial services companies across the island of Ireland. Financial Services Ireland (FSI) and Banking & Payments Federation Ireland (BPFI) are partnering with Deloitte on the awards.
The awards will recognise both individuals and companies that are leading the way in innovation - using technology to address challenges and create opportunities, improving user experience, and changing the way business is done.
The financial services industry is changing, and changing rapidly. New entrants, new technologies, and changing customer expectations are driving financial services companies to evolve how their businesses and processes work. As a result, we are seeing some very strong innovations, collaborations and technology applications that are transforming the industry and bringing customer centricity to the forefront of agendas.
We see a level of innovation in the financial services industry and an ecosystem in Ireland not seen before. This is establishing Ireland as a hub for innovation internationally. We think those pioneering this innovation in this important industry should be recognised, not only to showcase the strength of the financial services industry in Ireland in the global marketplace, but also to highlight the potential for learning across the industry for the benefit of all. We are delighted to launch these awards with these aims.
In addition to David Dalton, judging panel members will include Julie Sinnamon, CEO, Enterprise Ireland; Brian Hayes, CEO, BPFI; Joe Duffy, Chair of FSI Executive Board, Ciaran Hancock, Business Editor, The Irish Times, and Mai Santamaria, Head of the Financial Advisory Team at the Department of Finance.
Winners will be selected in a number of categories: Product or Service, Operations, Customer Experience, RegTech, Social or Sustainable Entrepreneurship, Learning, Leadership, and Most Disruptive FinTech. The judging panel will also select an overall winner from these categories.
Joe Duffy, Chair of FSI Executive Board, commented:
Ireland has a tremendous opportunity to be at the forefront of the future of financial services. We have a unique mix of leading technology and financial services companies operating from Ireland, which is a distinct competitive advantage. These inaugural awards will be a strong showcase displaying the tremendous, world-class financial services innovation taking place in Ireland.
Brian Hayes, CEO, Banking & Payments Federation Ireland, commented:
The EU Action Plan on FinTech encourages member states to promote and facilitate innovation. Our ecosystem is uniquely positioned to drive innovation, bringing together as it does domestic banking, global banking, leasing, funds, consultancy firms, law firms, FinTech, big tech, internet darlings, indigenous start-ups and scaling companies to both collaborate and compete. It is important that we recognise such innovation through these Financial Services Innovation Awards.
For further details on the awards, please visit deloitte.ie/fsia. Applications are now open. The closing date for entries is Friday 16 August.
The Irish Times is the official media partner of the Deloitte Financial Services Innovation Awards.