Awards
WINNERS ANNOUNCED
Leaders in Innovation 2011 - Awards
London, December 7th, 2011.
To see this year's winners scroll down or download our press release HERE.
Financial-i has announced the winners for its sixth annual Leaders in Innovation Awards. Our awards cover more than 50 categories in Global Transaction Banking. Full coverage of the winners will be featured in the Q4.2011 edition of Financial-i published in December.
Our Leaders in Innovation Awards identify global transaction banks and financial hardware and software providers that in the last 12 months have excelled, in terms of innovation in business solutions. Our awards categories reflect our renewed focus on defining global transaction banking. The categories are based on four main focus areas:
- Payments and cash management
- Securities services
- Trade Finance & Supply Chain
- Business Solutions
Awards methodology:
Shortlisted companies are selected based on research conducted by financial-i's team of journalists as well as feedback received from our awards advisory panel, which includes industry analysts, consultants and practitioners. Members of this year’s awards panel include Steve Craggs, Lustratus Research, Neil Katkov, Celent, John Gubert, independent consultant, Peyman Mestchian, Chartis Research, Gareth Lodge a senior analyst in Celent's Banking Group, Walter Kitchenman, consultant, Banking & Research, Gert Raeves, research director, Capital Markets, TowerGroup, Eric Sepkes, manager, Edge International.
Winners in each category are then selected based on financial-i’s proprietary research and feedback from our advisory panel. When selecting winners the criteria we consider include:
• Solution innovations over the last 12 months, including new solutions or enhancements to existing functionality;
• Depth and breadth of functionality;
• To what extent a solution differentiates a provider from its peers
• The ease with which customers can implement and interface with these solutions;
• The extent to which these solutions are likely to help companies solve or address common business issues such as increasing automation, combating money laundering, more accurate cash flow forecasting, enhanced liquidity management etc.
Financial-i 2011 Leaders in Innovation Awards' WINNERS
London, 7th December, 2011 - Financial-i Leaders in Innovation Awards, 2011 - The Winners.
Dear Reader,
This year’s awards were difficult to judge!
Although this year more companies participated than ever before via nominations, our awards are not nomination-dependent and are largely based on research conducted by our team of journalists with input from analysts, consultants and industry practitioners.
From that research, we concluded that the pace of innovation in 2011 had dropped off compared to previous years. Most of the innovation we are seeing is on the back of regulation, acquisitions and the slow but continued penetration of mobile, social networking and collaborative technologies in the transaction banking space. It is probably fair to say that in the case of the banks, while they continue to invest in new solutions and upgrading of existing platforms, there were no truly ‘groundbreaking’ innovations as we may have witnessed in previous years.
Those kinds of innovations appear to be more the remit of smaller or mid-sized technology companies that are more nimble of foot and can afford to think outside the box. It will be interesting to see whether transaction banks can sustain the historical levels of investment that they have made in new solutions, platforms and technology in light of the new capital constraints and restrictions on their balance sheets.
For the first time we have decided to give a Special Mention due to the unique situation in the Greek sovereign debt markets for primary dealers and how it gave rise to innovation in the form of Euroclear's Swapbox a tailor-made solution designed to address a specific issue relating to short positions in Greek government paper.
Full details regarding the winners and their awards will be published in the forthcoming issue of Financial-i magazine. Publication date, 9th January 2012.
Anita Hawser,
Managing Editor.
This year’s leaders in innovation are:
1. Global AWARD
Innovation of the Year
Bank of America Merrill Lynch, CashPro Payment
Special mention
Euroclear's ‘Swapbox’
2. Securities Services
Securities Services Provider Europe
BNP Paribas Securities Services
Securities Services Provider North America
BNY Mellon Asset Servicing
Securities Services Provider Asia
Brown Brothers Harriman
Securities Services Provider Nordic Region
SEB
Corporate Actions
SmartStream Technologies' Corporate Actions OnDemand
Securities Lending
Citi
Fund Administration & Accounting
State Street
Brokerage Securities Processing
Broadridge Financial Solutions
Securities outsourcing
BNY Mellon Asset Servicing
Collateral management
Clearstream
Electronic Proxy Voting
Broadridge Financial Solutions
NEW*
Most Innovative Customer Implementation – Securities Services
SmartStream Technologies' Trade Process Management and Colonial First State
Derivatives Processing
MarkitSERV
Securities reference data
PolarLake
3. PAYMENTS & CASH MANAGEMENT
Cash management provider Europe
Deutsche Bank
Cash management provider North America
Bank of America Merrill Lynch
Cash management provider Asia
Deutsche Bank
Cash management provider Nordic Region
SEB
Accounts Payable
Spendvision
Accounts Receivable
SunGard AvantGard Receivables
E-payments
American Express, OPEN AcceptPay
Liquidity management (Vendor solution)
Simplex
Liquidity management (Bank to corporate)
Royal Bank of Scotland, Liquidity Solutions Portal
Payment processing
Matrix Payments, Intelligent Payment Exchange
ASP treasury management solution
Reval
Treasury management software
SunGard
Online FX trading
Integral Development Corp.
Corporate purchasing cards
Ixaris
FX exposure management
FIREApps
E-invoicing
Bottomline Technologies/Nordea/Tieto
*NEW
Mobile Corporate Banking
Luup
*NEW
Most Innovative Customer Implementation – Payments/Cash management
HSBC’s ClientSphere
Payments reference data
Bankers’ Almanac
4. TRADE FINANCE & SUPPLY CHAIN
Supply chain and Trade Finance Bank Europe
UniCredit
Supply chain and Trade Finance Bank North America
Citi
Supply chain and Trade Finance Bank Asia
Standard Chartered
Supply chain and Trade Finance Bank Nordic Region
SEB
Trade finance software solution
Misys
Trade document management
Bolero
*NEW
Customer implementation of a Supply Chain Finance Solution
US Export-Import Bank Supply Chain Finance Guarantee program
Web-based supply chain finance solution
RBS MaxTrad
Inventory financing
GE Capital
Supply chain management
TradeCard
5. BUSINESS SOLUTIONS
Cloud computing
BT Radianz
IP Network
Orange Business Services – Trading Solutions
SWIFT Corporate Access
Tieto
Outsourcing
PA Consulting
Service-oriented architecture
Software AG
Business intelligence
Oracle
Operational risk management
SAS
Business process management
IBM
Enterprise risk management
SAS
Liquidity risk management
Oracle
Regulatory reporting
Wolters Kluwer/FRSGlobal
Information security
Thales eSecurity
Anti-money laundering
NICE Actimize
Core banking
Temenos
Exceptions & Investigations
SunGard
Enterprise resource planning
NetSuite
Business continuity
SunGard Availability Services
To see this year's winners download our press release HERE.
For further information please contact: Anita Hawser, managing editor, financial-i, email: anita.hawser@financial-i.com
The winners of these awards have been judged on innovation and as such on our panellists’ subjective judgement. They do not constitute advice and no party should rely on or use any material in this survey to make, or refrain from making, any decision or take, or refrain from taking, any action. Financial-i and its employees, partners and affiliates accept no liability from any action or decisions so taken.