Below is a sample of the Finance categories and criteria in the 2018/2019 Global Business Insight Awards. Please click on the Award Title to find out more about the criteria set. Please note these are awarded by country and sector and are not limited to those defined.
This award is open to the lending, insurance, investing, capital markets and FinTech businesses and focuses on the internal processes of organizations from these communities., where the businesses concentrate on the adoption of an integrated approach across core investment and financing processes. Judges will consider a breadth of outstanding achievements from demonstrable sustainability, social and environmental integration, contribution to local economies and improvement in ethically led credentials, amongst others. In all cases, it is expected that the initiative, is, or has the potential to be, significant to the organization as a whole, and reflects an approach that is being integrated across all initiatives, products and services.?" 2,2,Building sustainable financial products,This award is open to lending, insurance, investing, capital markets, FinTech and non-financial businesses and recognizes organizations from these communities that have developed new financial products or services that may be?used either by themselves or provided to another organization, and that are aimed at driving sustainable outcomes.?In all cases, it is expected that the product or service is, or has the potential to be, financially significant to the organization as a whole.
Recognizing finance team of two or more people globally and across multiple sectors, that has had the most impact on organizational performance, business partners and/or client groups, and that has made an outstanding contribution to building a transparent, innovative, sustainable and collaborative working environment. Judges will look at strength of team work and focus their attentions on how the team is built, maintained and developed, consider their capabilities in communication, openness and commitment to ethical standards and finally the impact of their work.
The winner in this category will be an individual or an organizational scheme, that convinces the judges that they have identified key and or emerging risks, at either a strategic and/or operational levels and put into place the systems and processes to mitigate and manage these risks, reinforcing corporate governance.
Judges will assess those banks nominating themselves for this award, on a number of assets. Tactical and strategic adaptation to regulatory change will be particularly important alongside risk management which is also a key criterion. Details such as risk management processes and systems will be assessed, as will how a firm has reacted to difficult market conditions and regulation and finally, investigating the granular detail on a business? performance.
These awards are given for best practice in risk management. Nominees have been judges on risk and capital management processes, policies and systems, and describe any improvements made to the risk and capital management functions at the firm over the past year. Particularly important is how teams have responded to regulatory and market changes and how they have contributed to business strategy and performance. Ideally, the value of the risk function will be demonstrated in one or more case studies, showing how the firm has managed a particular source of exposure, anticipated or responded to a market move.
Open to financial advisers and planners that offer a full and comprehensive range of financial planning services.
Open to companies that operate and manage non-life general insurance products such as home, car, lifestyle or pet insurance
Open to companies that operate and manage individual life cover products such as health insurance, whole of life, term assurance or critical illness.
Open to companies that operate and manage group life cover products such as health insurance, whole of life, term assurance or critical illness.
Open to firms that offer bespoke investment services to individuals and/or professional firms looking to outsource investment services. Services can comprise a core risk-rated offering, but must mainly offer the ability to invest in securities and other investment vehicles.
This category recognises the firm that provides services for the post-reform OTC markets. Portfolio compression or optimisation, trade reporting, margining, confirmations and reconciliations are just examples - any service designed to improve the efficiency of the market will be considered.
Recognising the firms who can most prominently show, and be willing to discuss in detail, a track record of work on derivatives and risk-related cases, including work related to post-crisis markets reform and/or prudential regulation.
This award recognizes the achievement of an individual or organization that has delivered innovation and excellence in the field of treasury and asset management. The successful organization will have added strategic and financial value to medium term structural planning, and ensured that treasury management contribute effectively to good governance and risk management. The winner will demonstrate the ability to work highly effectively and accessibly across all organizations.
Identifying an individual or an organizational scheme that convinces the judges that they have identified and supported the management and mitigation of organizational risk, and demonstrated outstanding levels of technical expertise. They will also have a proven record in improving organizational processes, systems and policies, whilst simultaneously supporting excellence in corporate governance.
Awarding the individual or team proven to deliver high quality, accessible and intelligible financial reporting that, in the opinion of the judges, demonstrates the clearest link between organisational strategy, performance monitoring and management. The winner?s innovative approach to producing reports and accounts will have had a measurable impact on the community, promoting stakeholder engagement and transparency.
Seeking to identify the digital projects, initiatives or programs that demonstrate outstanding and innovative approaches to improving efficiency, significant improvements in outcomes, and process achievements in areas such as payments, supply chain management, procurement and resource allocation. Judges will also be looking for strong evidence of improved customer experience, and speed and accuracy in decision-making.