Global Finance has named the Top Financial Innovations across critical categories as part of the Innovators Awards for 2024. Winning organizations include banks, companies and fintechs.
This is Global Finance’s eleventh annual awards program recognizing entities that regularly identify new paths and design new tools in finance. A full report on The Innovators 2024 will be published in the June print and digital editions of Global Finance as well as on GFMag.com.
The June issue will also include the Most Innovative Banks and Fintechs and the Top Global Financial Innovations.
Global Finance will announce the World’s Best Financial Innovation Labs in the September issue. These awards were previously announced in the June issue but have been separated this year to give each program additional attention as stand alone awards.
“Innovation continues to help banks and other financial institutions gain a strategic competitive advantage over their peers,” said Joseph Giarraputo, founder and editorial director of Global Finance. “By harnessing new technologies and imaginative thinking, this year’s winners have developed groundbreaking solutions to both ease customer pain points and deliver outstanding user experiences.”
All selections were made by the editorial board of Global Finance with the input of reporters who are experts on the functions being served by these innovators. Entries were required for consideration.
| COMPANY | CATEGORY | INNOVATION |
| TOP INNOVATORS IN FINANCE 2024 – AI INNOVATIONS |
| Banco Bradesco | Most Innovative Use of Gen AI | Use of Generative Artificial Intelligence to Analyze Minutes and Announcements of the Monetary Policy Committee (Copom of the Central Bank) and the Federal Open Market Committee (FOMC of the Fed) |
| Deniz Bank | Best Agriculture Smart Assistant | Agriculture Intelligence App (Deniz’den Toprağa) Smart Agriculture Assistant |
| Eurasian Bank | Best Use of AI to Monitor Funds | Automating residential complex construction |
| Kapital Bank | Best Use of AI in Digital Transformation | Digital Transformation |
| TOP INNOVATORS IN FINANCE 2024 – BLOCKCHAIN/DIGITAL ASSETS |
| BBVA Switzerland | Best Digital Asset Service | Digital asset and crypto banking offering |
| China Central Depositary & Clearing Co. | Best Public Platform for Digital Bonds | Blockchain-based Digital Bond Project |
| R3 | Best Digital Currency, Digital Asset Integration and Interoperability Solution | Corda |
| TOP INNOVATORS IN FINANCE 2024 – CASH MANAGEMENT/TREASURY SOLUTIONS |
| First Abu Dhabi Bank (FAB) | Best Complete Suite of Treasury Services | White Label Treasury Management System & Sustainable – Supply Chain Finance |
| Gulf International Bank | Best SCF Onboarding Solution | Automated Supplier onboarding tool for electronic Supply Chain Finance |
| Intesa Sanpaolo | Best Cross Border Cash Optimization Solution | New Cash Management Program |
| TreasurUp | Best Excess Liquidity Solution | Best Excess Liquidity Solutions in Commercial Banking |
| TOP INNOVATORS IN FINANCE 2024 – COMPLIANCE/RISK INNOVATIONS |
| CTBC Bank | Best Fraud Risk Management Innovation | Customer Level Fraud Prevention – AI Skynet Project & Next-generation Digital Credit Evaluation Process |
| KASIKORN Business-Technology Group | Best eKYC Innovation To Minimize Facial Fraud | Facial Liveness Detection System |
| SmartStream | Best Regulatory Innovation | SmartStream RDS EMIR Refit – Data Management Service |
| TOP INNOVATORS IN FINANCE 2024 – CONSUMER BANKING INNOVATIONS |
| Dukhan Bank | Best Omnichannel Innovation | Dukhan Bank Omnichannel |
| National Bank of Kuwait | Most Improved App For Digital Payments | Digital Payment Innovations in the New NBK Mobile Banking Application |
| Qatar Islamic Bank | Best App To Encourage Financial Inclusion | QIB Lite App |
| Weyay Bank | Most Innovative App For Young People | Jeel Weyay |
| TOP INNOVATORS IN FINANCE 2024 – CORPORATE BANKING INNOVATIONS |
| Arab Bank | Best Embedded Finance Solution | Omnify |
| Bank Millennium | Best UX For Corporates | Bank Millennium For Companies Mobile App |
| Papaya Global | Best Payroll Innovation | Papaya Global’s Workforce Payments solution |
| Standard Bank | Best B2B Recommendation Engine | SmartNudge |
| TOP INNOVATORS IN FINANCE 2024 – INVESTMENT AND LENDING INNOVATIONS |
| AkBank | Best Portfolio Management Innovation | Digital Portfolio Management |
| Banco do Brasil | Most Innovative Lending Solution | Digital Compliance – Taxpayer Refund Advance Loans |
| Markaz | Best Momentum Fund Innovation | GCC Momentum Fund |
| Stewards Investment Capital | Best Fixed Income Investment Innovation | APEX Structured Liquidity Solution |
| TOP INNOVATORS IN FINANCE 2024 – SME INNOVATIONS |
| Banco BPI | Best SME App Providing Financial and Regulatory Solutions | Pulsoo |
| Boubyan Bank | Best SME Payments Innovation | Business Banking ePay |
| OTP Group | Best Digital Credit Innovation | Naturália |
The winning organizations listed above are presented alphabetically within their categories and are not ranked.
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For editorial information, please contact Andrea Fiano, editor, afiano@gfmag.com
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFMag.com — offers analysis and articles that are the legacy of 37 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
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