[March 19, 2019] |
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9th Gear Technologies, Bottomline Technologies, Bank of America and KeyBank Win 2019 Monarch Innovation Awards
9th Gear Technologies, Bottomline Technologies (News - Alert), Bank of America and
KeyBank are winners in Barlow Research's 2019 Monarch Innovation Awards.
The winners were chosen based on their innovative products and features.
The Monarch Innovation Awards (www.MonarchInnovationAwards.com)
are unique and coveted. The 2019 Monarch Award nominations are scored
based on uniqueness, stickiness, defendability, ease of use, value and
their 'wow' factor. This year's winners were judged by a panel of four
jurists: Nick Miller, Clarity (News - Alert) Advantage; Mary Beth Sullivan, Capital
Performance Group; Russ Fearing, FIS Global; and John O'Connor, Praxis
Advisors, LLC.
Overall Most Innovative Award: 9th Gear Technologies 9th
Gear is the only institutional foreign exchange (FX) marketplace with
on-demand payment liquidity, enabling same day trading and settlement.
They offer greater transparency, reduced risk and lower cost to
significantly more participants. Through a digital transformation of the
backend, 9th Gear has re-imagined the FX transaction, moving from
today's simple messaging platform-based process where a handful of
global banks dominate the industry and trades take two days to settle,
to a process that is open to brand new participants and can be completed
in minutes. 9h Gear leverages the smart contracts and distributed
ledger of a private permissioned blockchain to transform this $5.1
trillion daily industry.
Most Innovative Industry Partner: Bottomline Technologies Business
Account Opening and Onboarding Bottomline's Business Account
Opening and Onboarding solution is a comprehensive end-to-end solution
that allows financial institutions to open, fund, and onboard small
business accounts quickly and easily through a fully digitized
experience. A mobile first experience to complete all steps related to
opening, funding, and onboarding a small business account at the
financial institution, while meeting risk and compliance standards
unique to small business customers.
Most Innovative Product/Feature Award: Bank of America Business
Advantage Relationship Rewards Relationship Rewards is a
comprehensive, multi-product rewards program available in the small
business banking space. The program attracts, rewards, and strengthens
the loyalty of our small business clients with a compelling suite of
benefits that grows as their qualifying business deposit and investment
balances increase.
Honorable Mention: KeyBank Small Business Wellness Review The
KeyBank Small Business Wellness Review is a patent-pending tool that
uses AI and analytics to revolutionize how branch bankers and small
business customers interact. The tool was created inhouse with Human
Centered Design and Agile (News - Alert) methodologies for a simple and intuitive
experience for both, employees and clients. Coupled with skill-based
training, the Small Business Wellness Review allows KeyBank associates
to deliver industry expertise and customized solutions to address
specific small business owner needs.
For more information, contact Emily Cade, Barlow Research Associates,
763-253-1817 or [email protected]
About Barlow Research Associates, Inc. (BRAI): Barlow
Research Associates, Inc. was founded in 1980 to provide research and
consulting services to the banking industry in the U.S. and overseas.
BRAI specializes in custom research, strategic consulting and syndicated
research programs in small business, middle market and digital business
banking. All three syndicated programs provide a continuous flow of
market knowledge and competitive intelligence to member institutions. www.BarlowResearch.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20190319005912/en/
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