Winners have emerged in the Global Finance Best Digital Banks 2020 awards (Round 1).
Winners Of Global Finance Best Digital Banks 2020 [Nigeria/Africa]
- Best Mobile Banking App in Africa: First Bank of Nigeria
- Best Digital Consumer Bank in Nigeria: Standard Chartered
- Best Digital Corporate Bank in Nigeria: Citi
This year’s Best Digital Bank awards, judged by the editors of Global Finance and vetted by our partner Infosys, reflect banks’ responses to the demands and opportunities the coronavirus pandemic poses for them.
Round 1 includes country-level and regional awards in Corporate/Institutional and Consumer subcategories. Round 2—global winners—will be featured in the December issue.
The winners of the Global Finance Best Digital Bank Awards are chosen based on entries provided by financial institutions. Entrants are judged on breadth of product offerings; success in migrating customers to digital platforms; acquiring and retaining new customers; and the use of digital technologies to improve business processes, cut costs and deliver other benefits. Each entry is analyzed by a team of digital and banking experts at Infosys. All final selections are the responsibility of Global Finance.
According to John Laurens, group head of Global Transaction Services at DBS, winner for Most Innovative Digital Bank in the Asia-Pacific region as well as several other awards:
“Digital has been at the forefront of our engagement with clients for some time, helping clients drive transformation of their businesses to realize new strategic opportunities across commercial business units and treasury operations.
Alongside helping our clients gain much-needed access to liquidity and financing to stay afloat.
Implementing API-based services to deliver contact-free solutions has been part of our critical response to the pandemic, as we recognize that businesses have to reduce or eliminate physical interactions. Additionally, given the disruption Covid-19 has brought to global supply chains, we’ve accelerated the digitization of our trade and supply chain financing services.
As the post-pandemic world begins to emerge, we expect further acceleration of trade digitization, given the extensive benefits of paperless transacting.”
