Categories

Categories

2020 promises to be a year with the culmination of some key technologies – from AI and machine learning, to design thinking and the cloud. Central banks have an obligation and opportunity to explore the potential of new technologies as the financial sector continues evolve and adapt to growing consumer demands and complex risks. For more information about entering, please visit how to enter.

 

Official sector awards

Global impact award

This award will look to celebrate a central bank or another financial supervisor/regulator which has shown true innovation and development across the entire FinTech and/or RegTech sector.

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Pioneer award

Awarded to an individual or project team within a central bank or another financial regulator who has fuelled innovation and development within their institution in the realm of FinTech.

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Techforward award

Entries should be based upon a speech, research paper or project from a central bank, regulator or supervisor, which explores a ‘forward looking’ concept relating to FinTech and/or RegTech.

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CBDC infrastructure- NEW!

Entries should include details of central bank digital currency proof-of-concept or pilot, which has been designed for the purpose of either: financial inclusion, payment efficiency, transition towards a less cash reliant society.

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Payment innovation - NEW!

Entries will include details of a payments initiative which has gone live over the last 12 months, controlled or overseen by a central bank or other financial regulator. There must be a clear use of new technology which has resulted in numerous efficiency gains both in terms of costs and speed, as well as increased inclusivity. 

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Cyber resilience initiative

The winning entry will include details of an initiative introduced by a central bank, regulator or supervisor which has improved the cyber resilience of said institution, focusing on improved detection and overall system security.

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Data management initiative

Entries should be initiatives implemented within a regulator/supervisor which are designed to standardise and store all data types, allowing for its sharing and retrieval across multiple business lines. The winning entry will also provide details on the benefits it has provided to the institution.

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Artificial intelligence initiative

To be awarded to a central bank, regulator or supervisor who has integrated artificial intelligence into their day to day process. Entries should include details of the initiative and how it has improved processes within the institution.

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Cloud innovation - NEW!

The winning entry will provide details of a central bank proposal or initiative which integrates cloud technology into the institutions daily processes, focusing on efficiency of traditional practices.

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FinTech policy of the year - NEW!

Awarded to a central bank which has gone above and beyond fostering a technology friendly environment, either through adapted regulation, sandbox/incubator/accelerator, or new licensing regimes.

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Sustainability initiative - NEW!

This award will celebrate a central bank which has deployed technology to reduce its exposure to climate risk. This could be through new data tools to help model risks, or through changes to their reserve management allocations.

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Practitioner awards

Global technology partner of the year

This award will go to an organisation which has proven itself a leader in the market in terms of providing technology solutions to central banks to help streamline processes to ensure a sounder financial system. Entries should include details of a number of initiatives and/or products which have aided central banks/regulators/supervisors streamline their processes in the realm of fintech, regtech and/or suptech. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Data analytics partner

Entrants should demonstrate the extent to which their solution helps central banks and/or other financial regulators manage and utilise large data volumes to identify trends and correlations, especially when it comes to assisting with decision-support functions and risk management initiatives. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Payments technology partner

Entries should include details of the system (payments processed per second, technical infrastructure etc.) and how the inclusion of the solution has benefitted the overall payments network. Entries from organisations which see themselves as a payment, settlement, clearing provider will be considered. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Finnovator - NEW!

Entrants should show how their solution has helped central banks improve financial inclusion within their specific country, with a focus on an improvement in the number of people who have access to basic financial services and/or new and innovative ways to engage the public in central banking activities. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Risk management technology partner

This category focuses on the platforms or tools which allow central banks, regulators and/or supervisors to facilitate market surveillance and allows organisations to actively monitor traders' activities in real time to ensure they comply with regulatory and client mandates. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Anti-money laundering technology partner

This category will be awards to the technology provider who not only illustrates the extent of its anti-money laundering solution, but how its applicability to central banks’ mission to reduce financial crime by way of the tool being implemented in a live environment. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Cloud solution partner

The winning entry must explain how cloud services have enhanced business processes across the central bank, regulator and/or supervisor and must provide examples of specific use-cases within regulators/supervisors. The solution does not have to be deployed in a live environment but evidence of central bank clients would be preferable. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Cyber security partner

Entrants must provide evidence of how their solution improved the cyber resilience of a central bank, regulator and/or supervisor, focusing on enhanced detection and overall system security. The winning entry will also include details of how the solution operates within internal systems. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Technology partner for regulatory compliance

The winning solution will reduce compliance costs, assist in the transition towards standardised and automated reporting, and help close the gap between regulatory expectation and interpretation. The product will be implemented in a live environment and have a track record of aiding financial institutions comply with existing or newly issued regulation. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Machine learning and artificial intelligence partner

This category will be awarded to the technology provider that not only illustrates the extent of its machine learning technology, but crucially also illustrates its applicability to central banks, regulators and/or supervisors by way of the platform/tool being implemented in a live, production environment. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Data management partner for regulatory compliance

Entries should be technologies designed to standardise and store all data types, allowing for its sharing and retrieval across multiple business lines through enterprise application integration. The solution will have a proven track record of aiding institutions comply with specific existing or forthcoming regulation issued by central banks or other financial supervisors. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Technology advisor - NEW!

The winner of this category, through a consultancy or advisory services, will have assisted central banks, regulators and/or supervisors in the implementation of Fintech and/or RegTech solutions with a focus on helping the institution overcome specific problems. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Green technology partner - NEW!

The winner of this category, will have assisted central banks, regulators and/or supervisors in reducing their own carbon footprint through the deployment of new technologies. This could be in the form of a reduction in energy consumption or the digitalisation of internal processes. This technology will need to be deployed within a live environment. Winners will have partnered with at least one central bank and are showing commitment to the sector.

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Central bank digital currency partner - NEW!

Winning entrants be awarded for their work with central banks in the realm of central bank digital currencies. Judges will consider the suitability of both live and proposed projects within their specific environments and their impact on the general public. Entrants must have partnered with at least one central bank/regulator and are showing a commitment to the sector.

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