IBA’s 17th Annual Banking Technology Awards 2021 announced

IBA’s 17th Annual Banking Technology Awards 2021 announced

Indian Banks’ Association (IBA) has announced the IBA’s 17th Annual Banking Technology Awards 2021 on February 14, 2022. The list of winners in different categories is given below:

Best Technology Bank of the Year

  • In Large Banks segment- Bank of Baroda
  • In Small Banks segment- The South Indian Bank
  • In Foreign Banks segment- Citibank N.A.

Best Digital Financial Inclusion Initiatives

  • Large Banks- State Bank of India
  • Small Banks- The Jammu & Kashmir Bank

Best Payments Initiatives

  • Public Banks- State Bank of India
  • Private Banks- ICICI Bank

Best Fintech Adoption

  • Large Banks- ICICI Bank
  • Medium Banks- Federal Bank
  • Small Banks- The South Indian Bank

Best Use of AI/ ML T & Data

  • Large Banks- ICICI Bank
  • Small Banks- The South Indian Bank

Best IT Risk & Cyber Security Initiatives

  • Large Banks- Union Bank of India
  • Medium Banks- Yes Bank
  • Small Banks- The South Indian Bank

In total South Indian Bank has won 6 awards in the event.

Source: IBA

About IBA

  • It was formed in 1946.
  • IBA currently has 247 banking companies as members.
  • Chairman- Rajkiran Rai (MD & CEO of Union Bank of India)

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