Valley Bank announces it has been selected by Datos Insights, a global advisory firm in the Financial Services industry, as the winner of the 2024 Impact Award in Commercial Banking for Operational Efficiency. This is in recognition of Valley’s implementation of a new proof of concept platform, powered by NayaOne, that accelerates the evaluation of new financial products and services in a secure environment. The award was presented yesterday during the Commercial and Small Banking Business Forum in New York. 

Impact 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 and future roadmap.

 “This award is a validation of our team’s dedication to develop solutions that allow us to rapidly asses and implement innovative products safely and securely,” said Neal Kapur, Managing Partner, Valley Ventures. “We thank Datos Insights for recognizing this platform and the impact it has on the market.” 

“Valley is committed to innovating rapidly for our customers while ensuring safety and soundness as their trusted banking partner,” stated Russell Barrett, Chief Operating Officer for Valley. “This award is a wonderful recognition for our talented teams who drive responsible innovation at Valley.”