Target audience
Financial crime, fraud prevention and data security solution providers, technology/fintech/regtech companies, FIs, and PSPs. Banks and financial institutions.
Detailed definition
The Best Financial Crime Prevention Solution category is open to organisations that offer solutions and services focussed on financial crime prevention (FinCrime). This includes anti-money laundering (AML), payment fraud prevention (PayFraud), data security (InfoSec), strong customer authentication (SCA), and identity verification services (ID). It is also open to organisations that have developed their own successful anti-financial crime initiatives or projects within their organisations.
Such solutions, services or initiatives should help prevent financial crime, payment fraud, financial losses, fines and reputational damage.
The award is given to an organisation that has helped prevent FinCrime or Fraud being conducted, made life harder for criminals, and reduced the amount of losses from attacks. The solution/initiative can focus on a single or multiple aspects of FinCrime prevention and a wide variety of attack types. The award will recognise how the FinCrime prevention solution has protected both the FI/PSP business and where appropriate their end customers. Evidence of how the solution or initiative has helped businesses comply with regulations should, where appropriate, be included.
Entries should demonstrate the improvements that have been achieved because of the implementation. It may be running in any country/countries but must be in full production.
Please provide the following information:
Nominee and nominator
- Name of nominating organisation
- Solution/Initiative name (entry title)
- Name(s) of nominated organisation(s)
- The nature of the business relationship between you as the nominator and the nominee company
Solution description
The judges will assess your entry against the following criteria. You are free to describe the programme and support your case with supporting material as you think appropriate. However, we strongly suggest NOT to submit generic promotional material and sales brochure. Please limit your submission to a maximum of 1,500 words. The criteria are:
- Providing tangible value to both the business and, where relevant, their end users or the public
- The solution/initiative delivers a solution to a specific problem or opportunity
- It should deliver real improvement over previous FinCrime/Fraud products
- The solution/initiative has performed well, and the submission is supported with quantitative evidence of success from a reliable source
- It stands out from its competition either through performance, innovation, value to stakeholders or other means as described in the submission
Evidence of success/metrics
Please provide as much information as you can and quote the source of that information. Such information might include the following. However, this is not an exhaustive list and in each case the judges will be looking for evidence that supports your claims about the key benefits of the programme:
- The length of time the solution/initiative has been live
- Some quantitative measure, if relevant, on how often the solution has been used since launch until January 2025
- Growth in use, both historical and extrapolated projections
- How has this transformed the user experience?
