Target audience
Banks, Fintechs, PMs, Telcos, Retailers, Issuers and Financial Service organisations.
Detailed definition
Best Partnership and Collaborative Initiative is open to any company/fintech that can demonstrate how they have partnered and collaborated with one or more industry players to deliver a service, product, transformation or innovation to the market. The partnership or collaboration between two or more businesses should have created a special product or service but not be just a commercial supplier-customer relationship.
For the avoidance of any doubt, please note that a simple supplier-customer relationship is not considered a partnership or collaboration and that standard transactional/commercial relationship entries will not be shortlisted.
The judges are particularly interested in how large and small companies might have collaborated, or where a younger company may have worked with a more established player. The entry may be by either or both companies.
Solutions must be live and out of the test phase at the time of submission. Pilot programmes will be accepted, but must clearly be described as such and the judges will be looking for evidence of success in the pilot.
Initiatives may be running in any country/countries.
For the avoidance of doubt,
Please provide the following information:
Nominee and nominator
- Name of nominating organisation
- Company/Solution name (entry title)
- Name(s) of nominated organisation(s)
- The nature of the business relationship between you as the nominator and the nominee company
Initiative description
The judges will assess your entry against the following criteria. You are free to describe the programme and support your case with additional material as you think appropriate. However, we strongly suggest that you do NOT submit generic promotional material and sales brochures. Please limit your submission to a maximum of 1,500 words.
The criteria are:
- The initiative provides benefit/value to the end-user of the partnership/collaboration.
- The initiative provides benefit/value to both parties involved and the scale of those benefits. i.e., the greater the benefits to both parties the better. Both parties should have benefited beyond the standard supplier and customer relationship of a financial benefit to one and service/product benefit to the other.
- The partnership/collaboration has delivered impact, which otherwise would not have been possible, e.g., innovative solution, compelling price point, surge in client acquisitions, market making, etc.
- The initiative stands out from its competition either through performance, innovation, value to stakeholders, added value features or other means as described in the submission. The partnership/collaboration should enjoy a competitive advantage.
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, but 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 partnership has been live and, if relevant, across what/number of clients
- The number of users since launch until January 2024
- Some aspect of volume relevant to the solution, this could be payments, transactions, remittances or other since launch until January 2024
- Growth in use, both historical and extrapolated projections
- How has this transformed the user experience?
