Recognising Innovation

In today’s fast-paced world, where technological advancements and shifting consumer expectations are reshaping the financial landscape, innovation has become a cornerstone of success. Financial institutions and service providers continuously strive to deliver new and improved solutions that revolutionize how we manage, invest, and protect our finances.

The Innovation Award serves as a testament to the visionary individuals and organizations that have embraced this spirit of innovation, leading the way in the ever-evolving financial services sector. We recognize those who have dared to challenge the status quo, who have dared to think differently, and who have harnessed the power of technology and creativity to reshape the industry.

Through these awards, we aim to shine a spotlight on outstanding achievements across various domains within financial services. From disruptive fintech startups to established institutions, fund managers, and investment platforms, we honour those who have demonstrated exceptional innovation, transformative ideas, and the ability to deliver tangible value to their customers and stakeholders.

Quantitative & Qualitative Screening

Since 2015, Research IP’s LAILA (Light Artificial Intelligence Learning Application) has been learning and developing over 7 years to get to this point. LAILA has determined the following criteria for these prestigious awards are carefully crafted to identify and honour individuals, organizations, and products that have demonstrated outstanding innovation and transformative impact within the industry.

The key selection criteria considered by the judging panel are:

Innovation: The extent to which the nominee has introduced innovative ideas, technologies, processes, or business models that have disrupted or revolutionized the financial services landscape. This criterion assesses the uniqueness and originality of the innovation.

Impact: The tangible and measurable impact of the nominee’s innovation on the financial services industry, customers, and stakeholders. Judges evaluate how the innovation has improved efficiency, customer experience, accessibility, or financial inclusion, and whether it has generated positive outcomes or transformed the industry in a meaningful way.

Value proposition: The value proposition of the nominee’s innovation. This criterion examines how the innovation addresses specific industry challenges or customer needs, and the benefits it offers in terms of cost savings, risk reduction, improved financial outcomes, convenience, or any other relevant metrics of value.

Scalability and sustainability: The potential for the innovation to scale and be adopted widely within the financial services sector. Judges consider factors such as the scalability of the technology or solution, its adaptability to different markets or segments, and the sustainability of the business model.

Customer experience: The extent to which the nominee’s innovation has enhanced the overall customer experience in financial services. This criterion evaluates factors such as ease of use, personalization, convenience, speed, security, and transparency, all of which contribute to a positive and customer-centric experience. This can be selected by Fund Managers, Advisers, or any Individual. This is a truly inclusive experience.

Industry leadership: The nominee’s thought leadership, vision, and ability to inspire and influence the financial services industry. This criterion assesses the nominee’s role in shaping the industry through their innovation, as well as their contributions to knowledge sharing, collaboration, and ecosystem development. This can be supported across all aspects of Financial Services including Regulatory, RBNZ, Superannuation Funds, KiwiSaver, Funds Management, Wealth Management, and Advice Leadership. Again, this is a very open category.

For each submission, please select the nominated category above and support your submission with 25 words or less why the nomination should receive the Award. We are looking for supportive statements that highlight the effort that has been put in to deliver the service.

It is important to note that the final judging is completed by LAILA with some oversight from the Research IP team. LAILA will carefully evaluate nominations against these criteria outlined above to identify the most deserving winners who have truly pushed the boundaries of innovation and made a significant impact on the financial services landscape.

Please share with friends and colleagues

Following the great response again last year, we encourage you to share our awards page and persuade your colleagues to participate.