ABOUT THE AWARDS

The Global Private Banker WealthTech Awards exist to honour and celebrate the world’s preeminent and ground-breaking technology companies and their contribution to technology-based enhancements, initiatives and innovations within the private banking landscape that have helped these institutions in streamlining operational processes, automating workflow and re-engineering business models, while materially driving productivity gains.

These Awards are accolades of excellence and distinction, attributed to outstanding players; and provides unbiased and objective benchmarks for the global industry. The WealthTech Awards 2024 is the world’s premier assessment program dedicated to recognising those innovative vendor companies that have introduced out of the box solutions for financial institutions to address competing business challenges by deploying best-in-class solutions across the private wealth services landscape.

These Awards are accolades of excellence and distinction, attributed to outstanding players; and provides unbiased and objective benchmarks for the global industry. The WealthTech Awards 2024 is the world’s premier assessment program dedicated to recognising those innovative vendor companies that have introduced out of the box solutions for financial institutions to address competing business challenges by deploying best-in-class solutions across the private wealth services landscape.

WHY NOMINATE?

Vendors and technology solution providers continue to support financial institutions overcome complex business and operational challenges in a fast-changing market environment. This has engendered a new business paradigm that necessitates for smarter and more proactive technology standards and frameworks that are increasingly being provided by technology companies.

Now, more than ever, it is imperative that vendors and solution providers ensure that their unique capabilities can help private banks deliver the best-in-class services, realise productivity gains and generate operational efficiencies needed to maintain sustainable competitive advantage.

Gala Video

2024 AWARDS HIGHLIGHTS

JUDGES PAST & PRESENT

METHODOLOGY

We believe that vendors and technology service providers are instrumental in helping private wealth institutions drive digital transformation, mitigate risk and enhance operational processes. Effective vendors can help private wealth institutions enhance their existing technology stacks through solution delivery and execution, platform and infrastructure development as well as expert advice on the application of emerging technologies. For this stream, we look at the ability of vendors to correctly assess the technical challenges faced by the bank, the execution of a particular technology solution to improve operations and workflows while helping the financial institution materially scale.

Innovation

DIMENSIONS
25% WEIGHT
  • INDICATORS
  • ● Benefits and key selling features of the solution that differentiates from peers
  • ● Degree of automation, analytics capabilities, technology architecture and design
  • ● Solution functionalities mapped against business issues and challenges being faced by FIs

Coverage

DIMENSIONS
25% WEIGHT
  • INDICATORS
  • ● Technical challenges involved in deploying the solution
  • ● Ease of integration with existing FI technology stack
  • ● Client testimonies on vendor efficacy

Effectiveness

DIMENSIONS
25% WEIGHT
  • INDICATORS
  • ● Productivity and process efficiencies realised by the financial institution
  • ● Average size of the technology investment and realised return on investment (ROI) for FIs
  • ● Incremental impact on revenue or profitability through the deployment of solution

Scalability

DIMENSIONS
25% WEIGHT
  • INDICATORS
  • ● Scalablity of the technology solution and expected service enhancements
  • ● Vendor’s internal success metrics and attainment of KPIs
  • ● Ongoing and post-implementation client support

Score

DIMENSIONS
100% WEIGHT
  • INDICATORS
  • ● Note: only one final score is required for each entry/submission. The maximum total score is 100 but please take in to consideration the assigned weights when finalising assessment. Entries with the highest score per award will be adjudged the overall winner.

Innovation​

Weight
Weight 25%

Indicators
● Benefits and key selling features of the solution that differentiates from peers
● Degree of automation, analytics capabilities, technology architecture and design
● Solution functionalities mapped against business issues and challenges being faced by FIs

Coverage

Weight
Weight 25%

Indicators
● Technical challenges involved in deploying the solution
● Ease of integration with existing FI technology stack
● Client testimonies on vendor efficacy

Effectiveness

Weight
Weight 25%

Indicators
● Productivity and process efficiencies realised by the financial institution
● Average size of the technology investment and realised return on investment (ROI) for FIs
● Incremental impact on revenue or profitability through the deployment of solution

Scalability

Weight
Weight 25%

Indicators
● Scalablity of the technology solution and expected service enhancements
● Vendor’s internal success metrics and attainment of KPIs
● Ongoing and post-implementation client support

Score

Weight
Weight 100%

Indicators
● Note: only one final score is required for each entry/submission. The maximum total score is 100 but please take in to consideration the assigned weights when finalising assessment. Entries with the highest score per award will be adjudged the overall winner.

PAST WINNERS

REQUEST SPONSORSHIP PROSPECTUS

    Data Protection

    We respect your privacy. By downloading this nomination pack, you agree to having your details stored in our database. You will periodically receive emails from us related to awards, events and content, related to your interest. If you would like to opt-out, email us at dataprotection@digitalbankeronline.com.

    FAQS

    Do I Have to Submit a Nomination?

    All awards participants are required to submit nominations through Global Private Banker’s online submission portal. The portal is where you will find the questions that need to be answered in order to be considered in the current year’s program. Institutions will be unable to participate in our awards programs without a fully complete submission(s)

    Can One Project/Initiative Be Considered for Multiple Awards?

    You may nominate one project or initiative across numerous awards. Please note however, these submissions are likely to compete with one and other. You must submit separate entries for each award.

    Are There Any Costs Involved in Making A Submission?

    There are no costs involved in making a submission.

    May I Submit More Than One Nomination?

    Global Private Banker does not place a limit on the number of awards you can nominate for.

    If I cannot Access The Judging Portal, May I submit My Entries Via Email?

    If your institution has firewall restrictions and you are unable to submit entries via our portal, you may request for the PDF questionnaire. Email us at enq@globalprivatebanker.net.

    The WealthTech Awards program is open to the vendor community supporting private wealth institutions across numerous lines of business. We invite nominations from vendor providers, technology solution companies and professional business services/consultancies.

    If you identify your organisation as an industry leader that is pushing boundaries and championing best in class innovation helping private banking institutions navigate the increasingly challenging operating environment, we welcome you to send in your nominations. The submission deadline for all entries is 18:00 GMT, 1 December 2023.

    Edmund Shing, PhD

    Global Chief Investment Officer
    BNP Paribas Wealth Management

    Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

    Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

    Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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        The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

        COVID-19
        Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

        Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

        The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

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        Request Nomination Pack

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