The Excellence in Retail Financial Services and Technology Innovation Awards

The Asian Banker Excellence in Retail Financial Services and Technology Innovation Award is the most rigorous, prestigious and transparent country level award programme for consumer financial services and technology in Middle East & Africa.

We assess banks and non-banks in Middle East & Africa on a product and business level through a comprehensive evaluation process. Previously, we assessed banks based on criteria and scorecards which we believed the retail banking proposition and technology proposition should be. However, in line with the rapid transformation the financial industry is experiencing today we have also revamped our awards programme. For 2018, we have redefined categories, introduced new scorecards and opened the programme to financial technology (fintech) companies, marketplace platforms and other alternative providers. Thus, non-bank players in Middle East & Africa are eligible and invited to participate in the programme, in addition to commercial banks.

Since 2015, we have taken on an audit-based approach in the evaluation process. This involves submissions to be completed in a comprehensive datasheet where your basic quantitative figures will be collated and compared with your peers in the industry. Some of the figures will be used to establish a thorough understanding of best practices and benchmarks that the industry can use on a generic basis without compromising the confidentiality and competitive data.

We invite financial institutions and technology companies to make submissions to the 5th Excellence in Retail Financial Services and Technology Innovation Middle East & Africa Awards. The submission deadline is Dec 31, 2018. Please contact Mr Aman Kler at akler@theasianbanker.com if you are interested in participating in this or any future awards.

The Asian Banker ensures strict transparency and integrity in this programme, which is demonstrated from the various scorecards and rankings that we collate from our member-based Retail Finance Working Group as well as through our trusted panel of advisors, who supervise and review the work of our researchers.


The Asian Banker Risk Management Awards

The most prestigious recognition programme for risk management in the financial services industry

Risk management is at the heart of decision making at any financial institution and its importance has become more pronounced in the aftermath of the global financial crisis.

The Asian Banker Risk Management Awards is a programme designed to identify emerging best practices and outstanding achievements of the best run risk management teams in financial institutions across Asia Pacific, the Middle East and Africa, participating on international and country-level.

This year, we have opened the programme to non-bank financial institutions to compete alongside traditional banks. Institutions eligible to make a submission include insurance companies, finance companies, asset/fund management companies, securities companies, remittance companies/money transfer operators, foreign exchange operators, and money lending companies, etc.

The winners for these awards are determined through a combination of questionnaires, interviews and field research by The Asian Banker’s research staff. The findings of the research are published in a neutral manner, with a scorecard outlining how the different domestic and global players feature in them.

The Goals of this Programme
These awards are designed with the following goals:

  • To track the changing competitive landscape in the industry, by identifying winners and losers
  • To identify the critical success factors required for success in the different businesses tracked in this programme
  • To develop a repository of benchmarks and best practices that industry players as a whole can use and improve upon


The Asian Banker Transaction Awards

Every year, The Asian Banker recognises achievements in the key business and operational areas of the financial services industry. The purpose of these awards is to recognise annual achievements and winners in the competition for market share, product and operational excellence.

The Transaction Awards, previously called The Transaction Banking Awards, evaluate financial institution’s achievements in cash management, payments, and trade finance. From 2018 onwards, we take on an audit-based approach in the building of evaluation process. We have also redefined categories and opened the programme to financial technology (fintech) platforms to compete alongside traditional banks.

This involves submissions completing in a comprehensive data sheet where we need to have your basic quantitative figures which will be collated and compared with your peers in the industry. Some of the figures will be used to build a comprehensive understanding of involving best practices and benchmarks that the industry can use on a generic base without compromising the confidentiality and competitive data.

The winners for these awards are determined through a combination of surveys, interviews and field research by The Asian Banker’s research staff. The findings of the research are published in a neutral manner, with a scorecard outlining how the different domestic and global players feature in them.

The Goals of this Programme
These awards are designed with the following goals:

  1. To track the changing competitive landscape in the industry, by identifying winners and losers
  2. To identify the critical success factors required for success in the different businesses tracked in this programme
  3. To develop a repository of benchmarks and best practices that industry players as a whole can use and improve upon

The Regions covered
The programme is intended to be global, and we hold all of the nominees for the awards against global benchmarks and best practices. By building experience and nurturing relationships, we have been gradually extending our main coverage from the Asia Pacific region to the Middle East and Africa. We also recognise outside the region those global leaders whose unique capabilities are truly second to none, applying concise industry skills to vast, incredibly complex institutions that span continents.