The WealthTech Awards, organised by Global Private Banker, 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.

The Global Private Banker 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 celebrate the world’s most cutting-edge solution providers that are pioneering unrivalled technology competencies and capabilities in transforming the private wealth management industry by setting new milestones in digital transformation to ensure that institutions remain adaptable, agile and nimble in responding to evolving market conditions.

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.

Why Nominate?

Having embarked on digital transformation journeys prior to, during and now following the COVID-19 pandemic, market players have continuously sought to introduce technology-based enhancements across all verticals and product/service lines to both realise strategic goals and objectives and leverage innovation as key differentiator among peer institutions.

Taking cognizance of rapid application of emerging technologies such as cloud computing, utilisation of advanced analytics and robotic process automation vendors and technology solution providers are increasingly having to partner and support financial institutions on their respective innovation journeys. With open banking in the offing, shift towards ever expanding digital ecosystems and instant real-time payments on the horizon having the right set of tools and capabilities augmented through vendor support is paramount.

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.

Who Can Apply?

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.

Judging Methodology

Shortlisted nominees are selected on the qualitative and quantitative depth of their nominations.

The Global Private Banker research team will shortlist four institutions or individuals per category, which will then be put to our impartial panel of expert judges who will undertake a rigorous audit type process to carefully select the winners.

We use a proprietary, numerical & qualitative scoring methodology which is applied to all submissions and augmented by assessment in: Innovation, Coverage, Scalability and Effectiveness keeping the focus on outcomes of the solution.

We uphold the highest adherence to confidentiality and personal data. As such, all responses will be treated as strictly confidential. No data shall be shared beyond the assessment of The Global Private Banker’s judging panel, unless permission has been granted.

Submission Guidelines

Only solutions that have been introduced in 2023 and 1H 2024 will be accepted. Initiation of the solution can be earlier – Global Private Banker does not require a specific commencement date. If a solution was introduced prior to 2023, the entry will be accepted only if any updates have been made to it.

We do not place a limit on the number of submissions per institution. Please note that a separate submission is required for each award that the institution is nominating itself for. Furthermore, multiple submissions by a single organisation for a single category will compete with each other. Please ensure to select the corresponding category and award title in the submission form in order to view the respective questionnaire.

Submit your entries here: https://judgify.me/gwt24

Submission Deadline: 1 December 2023

For further information, please contact the Global Private Banker awards team at: enq@digitalbankeronline.com

Reminders

Entries received after the closing date will not be accepted under any circumstances.
All entries and supporting material will be kept strictly confidential amongst our panel of judges and shall be securely destroyed upon request.

We may request a further interview with the executive managing the program or initiative that is being nominated. The objective of the interview is merely to gain deeper insights, (if needed) for the purposes of judging.

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