Efma and Accenture have announced the winners of their inaugural Global Distribution & Marketing Innovation Awards for retail banks.
This year’s winners include:
Go deeper with GlobalData
- Multichannel and Customer-Experience Management: Nykredit, Denmark for its Direct Banking – a team of online, remote personal advisors to help meet the needs of Nordic banking customers who prefer digital channels but still need one-to-one advice.
- Digital and Mobile Excellence: BRE Bank, Poland for its new mBank – virtual branch with a unique app-like and mobile-enabled user interface, advanced and integrated personal financial management tools, redesigned customer-centric navigation, social media-integrated offers and a number of other innovative features not typically associated with online banking.
- Sales Effectiveness: Hana Bank, Korea for its Hana N Cyber – An internet/mobile product sales model that strategically integrates on/offline channels and acquires new customers without the limitations and requirements that come from transacting at a branch location.
- Customer Analytics and Big Data: IntesaSanpaolo, Italy for Customer Dialogue Analytics – A new analytics approach with the aim to monitor and stimulate actions about overall relationship and selling activities in branches.
- Physical Distribution:
- Aktifbank, Turkey for the AktifNokta Project – A versatile distribution channel where customers get banking and many other non-financial retail services at the same time.
- Allied Irish Bank, Ireland for "The Lab" – technology-driven digital banking store that brings all of AIB’s leading edge technologies together in a physical hub to showcase, test and introduce customers to the best digital banking experience in Ireland.
- Responsible Business:
- BNP Paribas Personal Finance (Cetelem), France for its financially fragile loan holder prevention program – anticipates loan holder’s budget problems before their financial situations become too difficult, offering helpful advice and effective solutions.
- MaybankBerhad, Malaysia for its CashVilleKidz – a nationwide early financial education program that teaches good money management habits and empowers the younger generation to become financially savvy.
Two additional awards were granted to:
- BRE Bank, Poland, which was recognized as "The Most Disruptive Innovation" for radically changing and redefining the way it does business.
- La Caixa, Spain, which was recognized as "The Global Innovator of the Year" for committing its overall vision to innovation and developing innovative products to transform its business model.
"Many of the most impressive innovations came out of emerging markets, in Eastern Europe and Asia, competing with some of the biggest established banks," said Patrick Desmarès, Secretary General of Efma.
"On the other hand, some of these established banks, such as BNP Paribas, La Caixa and IntesaSanpaolo, are also demonstrating that the organizational culture change, which is required to execute an innovation strategy, is within the reach of the largest financial institutions.
We hope that these innovations inspire others to examine what they are currently doing and identify opportunities to make further advancements in customer-facing products."
Piercarlo Gera, global managing director of Accenture Distribution and Marketing Services said :"We believe that significant banking revenues are at risk with the emergence of non-traditional competitors,
"To drive profitability, banks need to transform their business models and innovate to engage with their customers based on what these customers need and not on what banks have to sell.
"They will have to become the keystone in consumers’ everyday life needs, not only offering financial services, but also non-financial services through a network of business partners, so they can increase customer interactions and better-suited cross-selling opportunities. We co-founded this awards program to bring some of these customer-relationship innovations to light."
Related articles:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataEfma and Accenture Launch Distribution and Marketing Innovation Awards for Retail Banks
Applications Open for FinTech Innovation Lab London
