Standard Chartered Bank Sweeps Africa digital banking awards

Standard Chartered Bank has scooped major awards in Round One of the 2020 World’s Best Consumer Digital Banks Awards in Africa by Global Finance.

Round One winners include Best Consumer Digital Banks, Best Corporate/Institutional Digital Banks and the best Islamic Digital Banks at the country level.

Also announced were regional winners in sub-categories such as best information security & Fraud management, Best Mobile Banking App and Most Innovative Digital Bank. Round Two will be announced in October.

An August 12, 2020 press release by Global Finance reveals that winners were selected in Africa, Asia-Pacific, Central and Eastern Europe, Latin America, the Middle East, North America and Western Europe.

“Winners were chosen from entries evaluated by world-class panel of judges at Infosys, a global leader in consulting, technology and outsourcing. The editors of Global Finance were responsible for the final selection of all winners,” the release reads in part.

“Only banks that entered the competition were considered for the awards, and the awards were only given in only those regions, countries and categories in which there were entries.”

Additionally, winning banks were selected based on the following criteria: strength of strategy for attracting and servicing digital customers, success in getting clients to use digital offerings, growth of digital customers, breadth of product offerings, evidence of tangible benefits gained from digital initiatives, and web/mobile site design and functionality. Category winners such as Best Mobile Banking App were selected based on the relative strength and success of those web products and services.

“This year, a global pandemic accelerated the transition to digital banking, but forward-thinking banks were already on that road,” said Joseph D. Giarraputo, publisher and editorial director, Global Finance,

“The digital bank awards hone in on institutions that are leading the shift toward a new world of banking.”

Winners

About Global Finance

Global Finance has a circulation of over 50,000 and readers in 187 countries. Global Finance’s audience includes senior corporate and finance officers responsible for making investment and strategic decisions at multinational companies and financial institutions.