Qorus Reinvention Awards - MEA 2024

about the awards

The Qorus Reinvention Awards - MEA put the spotlight on the institutions ‒ and the people behind them ‒ that are innovating at scale to shape the future of financial services in the region.

Why participate

Help promote a culture of innovation in financial services
Achieve the recognition of your colleagues
Be acknowledged by your regional industry peers
Gain public acclaim for your organization as an innovation leader
Network with other executives who are driving innovation
Benchmark your innovation against those of other banks and insurers in MEA
Be inspired by the creativity and boldness of your peers

How to qualify

To be considered for the Qorus Reinvention Awards, you would need to have made a submission/s into the Qorus Banking Innovation Awards, Qorus Innovation in Insurance Awards or SME Banking Awards 2024. Your entry will then be evaluated against your regional peers based on the results of those voting and judging processes.

HOW WE ASSESS OUR INNOVATIONS

An innovation committee shortlists the best innovation in each category based on 4 criteria:

Originality: The uniqueness of the idea in the marketplace and its potential as a gamechanger.

Impact: The innovation’s capacity to generate a superior, long-term competitive edge. This includes KPIs such as RoI, NPS, cost reduction, churn rate, employee engagement score, customer lifetime value (CLV), time reduction, carbon footprint, etc.

Universality: The innovation’s potential to be relevant and/or adapted for use in other markets, or even industries.

Form quality: A detailed description of the project in its various phases, its results, and the addition of presentation slides, videos or images to visualize and better understand the project.

2024 awards ceremony

Qorus and its partners will announce the winners of the 2024 Qorus Financial Services Reinvention Awards–MEA on 22 October, one day before the Reinvent Forum Dubai (23 & 24 October). The ceremony will take place from 5:30 pm - 8:15 pm. This is a by-invitation only event for the top-three finalists in each of the awards categories and special guests of Qorus and its sponsors.

our categories

Customer Experience

Significant enhancements in the bank’s marketing, sales and distribution, and its management of customer channels, communications, engagement and relationships.

Distribution

Innovative practices including new delivery channels; branch transformation; multi-channel integration; mobile banking and scalable end-to-end value propositions that capitalize on the power of partnerships, platforms and the Internet of Things.

Environmental, Social, and Governance (ESG)

Innovations that demonstrate how banks and insurers have embedded sustainability and ESG into their value chains.

Operational Efficiency

Scalable processes that drive improved efficiency to support a faster pace of growth for the bank’s revenue stream and asset base than for its overhead costs.

New Ways of Working

Recognizing trailblazers who are redefining the future of work. This includes pioneering remote work strategies; creative ways of fostering a culture of collaboration, or implementing groundbreaking productivity techniques.

MEA Innovator of the Year

The organization whose corporate vision commits it to continuous innovation and transformation, to the development and leadership of a broad ecosystem of partners extending beyond banking, and to the exploitation of emerging technologies

SME Bank of the Year

The winner is the organization that showcases innovation and digital solutions specifically tailored to meet the unique needs of SMEs, including the introduction of new financial products, digital banking services, or a strong commitment to exception

Book your seat

23 Oct 2024

24 Oct 2024

23/10/2024 Conference

Reinvent Forum Dubai 2024

Join us at the Dubai Reinvent Forum, where MEA financial industry leaders will come together to unlock the secrets of digital transformation, AI integration, and next-level customer engagement. This event offers an exclusive opportunity to learn from regional success stories and tap into global expertise, empowering you to lead with...

About last year

Digital Reinvention

12/10/2023 Article

Middle Eastern and African innovation excellence in the spotlight at the first-ever Qorus Reinvention Awards

Qorus announced the winners of its inaugural Qorus Reinvention Awards – MEA during a live ceremony in Dubai.