Turning banking into a business of dreams

Digital Reinvention
18/12/2023Article
profile picture of Antonio Coppolecchia

Antonio Coppolecchia

Accenture

Financial Services Lead EMEA at Accenture Song

Antonio Coppolecchia, Financial Services lead for Accenture Song in EMEA, looks back at ten years of observing key innovation trends and shows us how we can turn banking into a ‘business of dreams’.


Ten years of celebrating innovation

This year’s Qorus-Accenture Banking Innovation Awards were not an ordinary edition. We celebrated the tenth anniversary of the awards, and it’s a milestone worth highlighting. During this decade, we got over 5,000 submissions from over 1,000 financial institutions. It’s hard to imagine something more global and engaging, not just in banking.

Winners and forecasting trends

Together with the Accenture Research team, we analyzed banking innovation submissions over the past decade and discovered that on average, our winners achieved slightly higher growth rates. In addition, those who win tend to do so more than once. 

Together with participating banks, we have built a great window to see the upcoming disruptions in our industry. Let’s take a few examples of this success in forecasting new trends. 

In 2016 we were on stage talking about the ‘year of bots’, long before chatbots became as relevant as they are today. The next year, 2017, the evolution of open banking was at the center of our reflections – a trend that is now a must-have in every bank’s strategy. In 2019, when ESG was the hot topic, we were talking about sustainability as a common thread of the big transformations to come.

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

Insurance
21/11/2024Article

Insurance Innovation of the Month: AI-powered Agent Virtual Assistant by Santalucía Seguros

Opening a new round of Qorus Innovation in Insurance Awards, we are pleased to announce this month’s winner: Santalucía Seguros’...

21/11/2024News

Sumeria’s Café: Where banking meets community

French neobank Sumeria, a subsidiary of Lydia, has launched Un vrai coffee shop, a unique space open to all—customers and...

Digital Reinvention
21/11/2024News

Openbank launches in Mexico: A fully digital banking experience

Openbank, Grupo Santander’s fully digital bank, has officially entered the Mexican market, offering a cutting-edge, fee-free banking experience with competitive...

SME Banking
21/11/2024News

Westpac to boost SME support with 200 new bankers by 2027

Westpac has announced its commitment to hire 200 additional small business and SME bankers across Australia by the end of...

Digital Reinvention
20/11/2024Article

Revolutionizing financial services: The limitless potential of BaaS

In this article, Fatih Ogun, Head of Strategy at Akbank, sheds light on the concept of BaaS, its emerging use-cases...

Digital Reinvention
20/11/2024News

Mastercard to eliminate passwords and card numbers for payments

Mastercard's approach combines tokenization, which protects sensitive data, with biometrics, ensuring transactions remain secure and efficient.

19/11/2024Article

Qorus celebrates the success of its recent leaders roundtables

As demand grows for peer-to-peer intelligence in the banking industry, Qorus has stepped up with a unique approach: highly targeted,...

Digital Reinvention
19/11/2024News

Revolut reaches 50 million customers globally on path to build world’s first global bank

This milestone follows rapid growth in 2024, with over 10 million new customers this year alone, making Revolut the most...