IDC Financial Insights Unveils Winners of IDC Financial Insights FinTech Rankings Real Results Awards 2016

IDC Financial Insights Unveils Winners of IDC Financial Insights FinTech Rankings Real Results Awards 2016
08.09.2016 07:30 am

IDC Financial Insights Unveils Winners of IDC Financial Insights FinTech Rankings Real Results Awards 2016

FinTech StartUps , IT Innovations

-IDC Financial Insights today announced the winners of the 2016 IDC Financial Insights FinTech Rankings Real Results Awards. The second annual awards recognize IT providers that have enabled real, measurable, and future-enabling change at a client financial institution (bank, insurance company, or capital markets firm) in the global financial services market. Intellect Design Arena Ltd. was named the #1 Overall winner for implementation of its Core Banking System (CBS) at Bangladesh-based Sonali Bank. The bank needed to move to a real-time banking platform to enable enhanced functionality and customer experience. As a result of the Intellect CBS implementation, the bank reports that it can now create new products in a tenth of the time it used to take, is experiencing a customer growth rate of 35%, and has grown its assets by 20%. To learn more about the awards, please visit HERE. Follow us on twitter @IDC.

Nominees were judged by a panel of Research Directors from IDC Financial Insights, as well as executives from top-tier banks, including Alliance Bank Malaysia, Citibank, and Credit Suisse. In addition to the #1 Overall winner, IDC Financial Insights FinTech Rankings Real Results named winners in five categories including:

  • Enterprise Efficiency – Intellect Design Arena Ltd. (Sonali Bank)
  • Digital Transformation – Objectway (CheBanca)
  • Governance, Risk, Compliance & Security – Moody's Analytics (China Guangfa Bank)
  • Big Data & Analytics – Teradata (CMB)
  • Customer Engagement – Fiserv (Gesa Credit Union)

"This year's Real Results program has proven that the number and quality of case studies that demonstrate real and measurable benefits with the implementation of technology hasn't slowed down," said Jerry Silva, research director, Global Banking Research at IDC Financial Insights. "We congratulate Intellect Design Arena and all of the winners this year for their continued success in helping banks achieve quantifiable success."

Nominations for the annual awards will open in May 2017. The IDC Financial Insights FinTech Rankings Real Results Awards are a complement to the annual IDC Financial Insights FinTech Rankings Top 100 and Enterprise Top 25. Now in its 13th year, IDC recently announced the 2016 winners. View the full list HERE.

For additional information about the IDC Financial Insights FinTech Rankings Real Results Awards, please contact Sarah Murray at 781-378-2674 or

Related News

Venture Summit Virtual Connect | Global - Where Innovation Meets Capital

Meet, interact and network online with more than 1,300 VCs, Corporate VCs, angel investors, industry execs and founders of venture backed, emerging and early stage companies at... Read more »

Elevator Lab: fourth round with new set-up

Today marks the start of the fourth round of the Fintech Partnership Program Elevator Lab, which was established by Raiffeisen Bank International (RBI... Read more »

PayNearby collaborates with IndusInd Bank for contactless payments at 2 lakh+ Kirana stores

In its bid to simplify ordering, payments and delivery of essentials during the lockdown, PayNearby, India’s fastest growing hyperlocal FinTech startup has now expanded its... Read more »

30 top VCs launch the "VC Hours" initiative to help UK startups cope during the Covid-19 crisis

Breega and Connect Ventures, two founder-friendly VCs specialised in funding early-stage tech startups, have joined forces with 28 other UK-based VCs to provide free and... Read more »

PayNearby launches JobsNearby to address the issue of migrants’ job losses

PayNearby, India’s largest hyperlocal fintech startup network has launched JobsNearby, an assisted job registry that will help migrant workers who have been affected by the... Read more »

TLcom invests $1mn Pre-Seed Funding into Okra, Africa’s first API fintech “super-connector”

Nigerian fintech platform... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel