Datos Insights recognizes the innovative financial institutions that have leveraged best-in-class technology at Sixth Annual Commercial and Small Business Banking Forum.
Boston – Datos Insights is pleased to announce the winners of the 2023 Impact Awards in Cash Management and Payments. The awards, which were presented during the Commercial and Small Business Banking Forum in New York on October 5th, recognize innovation achieved by financial institutions leveraging technology to set a higher standard.
In its sixth year, the awards program honors the innovative financial institutions that are introducing new products, capabilities, or levels of automation and effectiveness that bring the industry one step closer to next-generation banking. These are the financial institutions, regardless of size, that others will follow. The winners across the five categories are as follows:
- Artificial Intelligence and Advanced Analytics: Bank of Montreal (BMO)
- Customer Experience: Citizens Financial Group
- Digital Channel Capabilities: Synovus Bank
- Operational Efficiency: Webster Bank
- Product Development: Comerica Bank
“The expectations that businesses have from their financial services partners continues to grow in complexity. Driving factors for the businesses include a desire for more automation and that leads to operational simplicity,” says Erika Baumann, Director of Commercial Banking & Payments and Healthcare Payments at Datos Insights. “Financial institutions of all sizes are responding to this pressure in different and unique ways. The innovation awards provide a platform to recognize some of the most innovative, creative, and market-aware initiatives that FIs are executing to provide clients with an experience that meets these new expectations,” she adds.
The award winners and finalists were selected based on the following criteria:
- Level of innovation and competitive advantage
- Market need
- Impact on customer experience
- Impact on customer operational efficiency
- Level of new revenue opportunity
- Impact on customer retention/new customer attraction
- Level of scalability across customer base
- Future roadmap
The identification of a Datos Insights award winner or finalist is not an endorsement by Datos Insights of any vendor, product, or service.
To request additional information about Datos Insights’ Impact Awards, please contact us at [email protected].
About Datos Insights
Datos Insights delivers the most comprehensive and industry-specific data and advice to the companies trusted to protect and grow the world’s assets, and to the technology and service providers who support them. Staffed by experienced industry executives, researchers, and consultants, we support the world’s most progressive banks, insurers, investment firms, and technology companies through a mix of insights and advisory subscriptions, data services, custom projects and consulting, conferences, and executive councils. Visit us on the web and connect with us on LinkedIn.