12th July 2016

ifs University College and BBA launch 2016 Financial Innovation Awards

Nominations are open for ifs University College and BBA 2016 Financial Innovation Awards, which seek to recognise and reward innovation in the finance sector.

Now in its 19th year, the Financial Innovation Awards, which celebrates the very best projects in the global banking and finance industries, is open for nominations.

With these industries currently undergoing a substantial technological and cultural transformation, the Awards seek to recognise and reward those initiatives which are at their very heart, bringing real benefits to the communities they serve. Categories cover a broad range of areas including fintech, community banking, trade finance and customer services, among others.

Once again, following a highly-successful partnership last year, financial education specialist ifs University College will be working with the BBA, the UK’s leading banking trade association to promote the awards and bring even greater recognition to the nominated projects.

Previous winners have included Barclays, for their “Digital Driving Licence”, fintech company MarketInvoice for their “Invoice Finance” initiative and Turkish bank Aktif, for their “PassLig” partnership with the Turkish Football Association.

The 2016 Financial Innovation Awards will be held in Holborn’s Grand Connaught Rooms on 8 December. Official nominations close on 15 July, however entrants have until 29 July to submit an extended deadline submission. For more information on how to nominate, please visit our website.

Commenting on the launch of the Awards, ifs University College Principal Alex Fraser said:

“Innovation is at the very heart of the banking and finance industries and the Financial Innovation Awards leads the way in celebrating the creative thinking, hard work and ingenuity behind those projects which seek to overcome challenges in different ways. We look forward once again to working with our partners, the BBA, to celebrate the best our industry has to offer.”

Also commenting on the awards, Keith Phillips, Managing Director of BBA Enterprises said:

“As the world leader in banking and financial services , the UK boasts some of the most innovative and pioneering work within this sector.

“The rise of digital and technological developments is revolutionising the sector like never before – and banks and financial institutions are meeting, even surpassing this new paradigm of innovation and change.

“These awards are an important part of recognising the crucial work being done throughout the sector, both in the UK and internationally, and we are delighted to be supporting them once again.”