Best Risk or Compliance Project 

Target audience
Banks, financial institutions, fintech companies, technology providers.

Detailed definition
Best Risk/Compliance Project is open to both established solution providers and innovative newcomers,
seeking to highlight Risk/Compliance projects that have successfully improved firms’ abilities to respond
to the evolving and complex regulatory requirements across the financial services industry and/or
address financial crime prevention.

This award will be given to a bank, FI, or fintech company that excels in the field of regulatory
compliance by reducing compliance costs, assisting in the transition towards standardised and
automated reporting, etc. and without disrupting customer experience or creating inefficiencies for

All submissions must be live and out of the development phase. Pilot programmes will be considered
but must clearly be described as such and the judges will be looking for evidence of success in the pilot
against pilot metrics.

This award is for projects. Solution providers should work with a client to nominate the implementing
project. If you apply only with your product/service in this category, your entry will not be shortlisted.
The initiatives may be running in any country/countries.

Please provide the following information:

  • Nominee and nominator
  • Name of nominating organisation
  • Project name (entry title)
  • Name(s) of nominated organisation(s)
  • The nature of the business relationship between you as the nominator and the nominee

Project 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:

  1. The Risk/Compliance Project has resulted in tangible benefits/value for the end-user and the
  2. The project can be demonstrated to have delivered a solution to a specific problem leveraging
    brand, channels or other capabilities and technologies
  3. How the project was either fundamental to a single provider in the market or helped a wide
    range of companies to achieve their business objectives
  4. Signs of success demonstrated through KPIs/quantifiable evidence from a reliable source
  5. The project stands out from its competition either through performance, innovation, value to
    stakeholders, added value features 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, 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 project has been live
  • Some quantitative measure, if relevant, on how often the programme has been used since
  • launch until January 2024
  • Growth in use, both historical and extrapolated projections
  • How has this transformed the user experience?