Monday, 18 November 2024
Financial Technology Innovation Awards
TAB Global Financial Technology Innovation Awards programme is designed to recognise annual achievements and identify best practices in technology by traditional and non-traditional financial services players to meet their current and future business needs. The primary assessment for the awards is based on the strength of the submitting institution's innovation in technology in specific operational areas, the disruption, sustainable business impact and successful implementation of the initiative.
Below is the scorecard for the Financial Technology Innovation Awards:
| Technology improvement |
|---|
| Improvement in system scalability, transaction/sec, number of users |
| System availability and uptime |
| Improvement in time to market |
| Is the system implemented on private, public or hybrid cloud, and on premise/off-premises? |
| Number of processes fully automated (#) and STP levels (%) |
| Number of new AI/ML models added |
| Digital enablement |
| Growth in active digital customers, and digital transactions |
| Operational efficiency |
| ROI from the project (%) |
| Reduction in operational cost, manpower and time saving |
| Business and customer growth |
| Growth in revenue, income, product and other relevant business metrics |
| Growth in customers, users and transactions volume and value |
| Improvement in customer experience - NPS, App rating etc |
| Improvement in customer product holding, cross sell rate |
| Risk management |
| Number and portion of reduction in risk incidents and related losses |
| Reduction in average time needed for risk assessment, compliance |
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