Aite Group Announces Winners of the 2019 Impact Innovation Awards in Cash Management and Payments

Boston, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Aite Group is pleased to announce the winners of the 2019 Impact Innovation Awards in cash management and payments. The awards recognize innovation achieved by financial institutions leveraging technology to set a higher standard. The awards will be presented to the honorees during an awards ceremony at Aite Group's second annual Innovation in Cash Management & Payments Forum taking place on December 12, 2019, at the Grand Hyatt New York in New York City. 

In its second year, the awards program honors the innovative financial institutions that are introducing new products, capabilities, or levels of automation and effectiveness that bring the industry one step closer to next-generation banking. These are the financial institutions, regardless of size, that others will follow. The winners across the eight categories are as follows:
 
- Customer experience by a U.S. Bank: Citizens Bank
- Customer experience by a Global Bank: Abu Dhabi Islamic Bank
- Digital Channel Capabilities: Bank of Montreal
- Operational Efficiency: Scotiabank
- New Product Development: Siam Commercial Bank
- Real-Time Payments: BNY Mellon
- Small-Business Initiative: Bank of America
- Commercial Card Initiative: U.S. Bank

The award winners and finalists were selected based on the following criteria:

- Level of innovation and competitive advantage 
- Market need 
- Impact on customer experience
- Impact on customer operational efficiency
- Level of new revenue opportunity
- Impact on customer retention/new customer attraction
- Level of scalability across customer base
- Future roadmap 

“It is exciting to recognize and celebrate innovation in the cash management and payments industry,” said Christine Barry, research director at Aite Group. “This industry is experiencing a lot of change and growing pressure from customers to offer new capabilities and a level of engagement beyond what has historically been offered.” 

The winners were selected by an 11-person panel that consisted of three Aite Group analysts and eight external judges. The identification of an Aite Group award winner or finalist is not an endorsement by Aite Group of any vendor, product, or service.

Register to Attend
To learn more about the 2019 Innovation in Cash Management & Payments Forum and to register to attend, please visit our event site here, or email us at events@aitegroup.com.

Sponsorship Opportunities
The 2019 Innovation in Cash Management & Payments Forum is proud to have Bottomline Technologies and Q2 as premier event partners as well as DadeSystems, FINSYNC, MineralTree, and Zelle as platinum event partners. The Innovation Awards lunch is sponsored by Mastercard. For information about sponsorship opportunities, please contact Gerald Clemente at 617.338.6027 or events@aitegroup.com.

To request additional information about Aite Group’s Impact Innovation Awards, please contact us at pr@aitegroup.com. The identification of an Aite Group award winner or finalist is not an endorsement by Aite Group of any vendor, product, or service.

About Aite Group’s Innovation in Cash Management & Payments Forum
Aite Group analysts and invited industry panelists will be sharing the latest insights and analysis on cash management and payments trends at the Aite Group Innovation in Cash Management & Payments Forum taking place on December 12, 2019, in New York City. You can follow updates about the event on Twitter using #ICMP_Forum.

About Aite Group
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.