CHICAGO, IL and NEW YORK, NY--(Marketwire - Feb 14, 2013) - BAI and Infosys are now accepting nominations for their global awards program, the 2013 BAI - Finacle Global Banking Innovation Awards. Since the inaugural year of the awards in 2011, more than 175 organizations from 35 countries have submitted nominations. The awards program recognizes breakthrough innovation that positively impacts profitability, bank efficiency and customer experience for best-in-class financial institutions.
Nominations for the awards can be submitted by retail banks, solutions providers, industry analysts and media agencies, but only financial institutions that provide financial services to consumers are eligible to receive the awards.
Award categories for 2013 have been expanded to include awards for both Innovation in Internal Process Improvement and Innovation in Societal and Community Impact. Awards will also again be provided for Product and Service Innovation, Channel Innovation, Disruptive Innovation in Banking and the Most Innovative Bank of the Year.
Interested applicants can submit nominations online at www.baiglobalinnovations.com through May 3, 2013.
"The third year of this global awards program promises to be just as inspiring as the previous two," says Debbie Bianucci, president and chief executive officer of BAI. "The worldwide recognition and year-over-year growth of this awards program is a measure of the importance that banks around the world place on not only being innovative, but also in continually improving the customer experience."
"The awards underscore what we do at Infosys every day -- fostering new thinking that drives the future of banking," said Haragopal Mangipudi, Global Head, Finacle™, Infosys. "Innovation is the key to success for today's financial institutions, and the BAI-Finacle Global Innovation Awards honor these achievements and recognize leading products, customer experiences and operational models."
The Innovation Circle Judging Panel, an international group of prominent industry thought-leaders and retail banking executives, will determine the finalists and winners.
BAI and Infosys will honor the award winners and finalists at a special ceremony at the BAI Retail Delivery Conference and Expo in Denver, Colorado, November 5-7, 2013. This annual conference is the retail banking industry's premier event, attracting thousands of bank executives and hundreds of solutions providers from nearly 50 countries.
Last year's award winners honored for breakthrough innovation include:
- First National Bank, a Division of FirstRand Limited, South Africa, winner of the 2012 Most Innovative Bank of the Year Award for their culture of innovation and advancement of retail banking
- OCBC Bank, Singapore, winner of the 2012 Product and Service Innovation Award for FRANK, the bank's innovative program to comprehensively address the unique preferences of Generation Y customers
- DenizBank, Turkey, winner of the 2012 Channel Innovation Award for their "Globally First Ever" banking platform on Facebook
- Alior Bank, Poland, winner of the 2012 Disruptive Innovation in Banking for Alior Sync, their progressive, virtual bank
BAI is the financial services industry's partner for breakthrough information and intelligence needed to innovate and stay relevant in an evolving marketplace. For more than 85 years, BAI has focused on advancing the industry by offering unbiased education and research. BAI's offerings are as diverse as the industry, and include premier events such as BAI Retail Delivery Conference & Expo, groundbreaking research and performance metrics, professional learning and development programs, and in-depth editorial coverage through BAI Banking Strategies. For more information, visit www.bai.org
Infosys partners with global enterprises to drive their innovation-led growth. That's why Forbes ranked Infosys 19th among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals.
Visit www.infosys.com and see how Infosys (NYSE: INFY), with its 150,000+ people, is Building Tomorrow's Enterprise® today.
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2012 and on Form 6-K for the quarter ended June 30, 2012, September 30, 2012 and December 31, 2012. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.