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Finance derivative recognizes the names of the world’s best finance firms and banks 2021 in Netherlands

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Finance derivative award winner 2022

On 10 January 2022, Finance Derivative announced the Awards 2021 in Netherlands. The overall winners for Sustainable Banks, Internet, Retail, SME, Innovative Banks and Forex Broker and Asset Management Company were announced. Also announced were the overall Global sub-category winners. The grand prizes of World’s Worthy Winners came across this year 2021.

A full report will appear in the December 2021 covering winners list in individual countries and regional sub-categories. Finance Derivative’s Awards are based on submissions from banks that wish to be considered. This year, nearly 500 individual companies & banks from around the world entered the competition. The Awards judging panel was comprised of representatives from global leader in consulting, technology and outsourcing solutions. Based on the judge’s panel evaluations, Finance Derivative’s Editor made the final selections.

Winners were selected based on strength of strategy for attracting and servicing online customers, success in getting clients to use digital offerings, growth of online customer base, breadth of products offered, evidence of tangible benefits gained from digital initiatives, and website design and functionality. Subcategory winners were selected on the basis of relative strength, products and services.

The list of winners announced in Netherlands follows in page 1 of 2.

For editorial information please email: info@financederivative.com

Winners Award Title
Aafiya TPA Services Best Customer Service Insurance Provider UAE 2021
ACB Asset Capital Business Inc. Fastest Growing Forex Trading Company UK 2021
ACB Asset Capital Business Inc. Most Customer Centric Service Provider UK 2021
Access Bank Group Best CSR Bank Nigeria 2021
Access Bank Group Best Mobile Banking App Nigeria 2021
Accra City Hotel Best Hotel Financial Controller West Africa 2021 – Mr. Divine Matey
Accra City Hotel Best General Manager West Africa 2021 – Mr. Roman Krabel
Ahli United Bank B.S.C., Best Private Bank Bahrain 2021
Ahli United Bank B.S.C., Best Retail Bank Bahrain 2021
Al Hilal Life Best Life And Health Insurance company Bahrain 2021
Alizz Islamic Bank Best Islamic Banking Brand Oman 2021
AsiaPay Best Payment Solution Provider Asia Pacific 2021
AvaTrade Best Forex Broker Ireland 2021
Axia Investments Best Regional Forex Trading Platform MENA 2021
Banco de Fomento-BFA-Angola Best Commercial Bank Angola 2021
Banco de Investimento Global Most Trusted Investment Bank Portugal
Banco de Investimento Global Most Leading Corporate Bank Portugal
Banco de Investimento Global Fastest Growing Retail Bank Portugal 2021
Banco Industrial, S.A. Most Effective Issuing Bank Guatemala 2021
Banco Santander Chile Best IR Team Chile 2021
Bank Dhofar Best Mobile Banking Application Oman 2021
Bank Dhofar Best Commercial Bank Oman 2021
Bank Dhofar Best Investment Bank Oman 2021
Bank for Investment & Development of Vietnam-BIDV Best SME Bank Vietnam 2021
Bank of Ayudhya – Krungsri Best Consumer Digital Solution Provider Thailand 2021
Bank Of Mauritius Best Public Financial Services Institutions Mauritius 2021
Bao Viet Securities Best M&A Advisory Firm Vietnam 2021
Being She Best International Women Empowerment Organization UAE 2021
BlackStone Futures (pty) ltd Most Preferred Forex Broker South Africa 2021
BPI Capital Corporation Best Investment Bank Philippines 2021
Bualuang Securities Public Company Limited Most Trusted Securities Firm Thailand 2021
Cellcard (CamGSM Co Ltd) Most Reliable Telecom Operator Cambodia 2021
China Asset Management Company Best Fund Management Company China 2021
China Asset Management Company Best Asset Management Company China 2021
Chinggis Khaan Bank Best Investment Bank Mongolia 2021
CI Asset Management Best Money Market Fund Company Egypt 2021
CI Asset Management Best Asset Manager Egypt 2021
CM Trading Best Financial Broker Company Africa 2021
Commercial Bank of Ceylon PLC Best Trade Finance Bank Sri Lanka 2021
Commercial Merchant Credit (Pvt)Ltd Most Trusted Micro Financial Service Provider Company Sri Lanka 2021
COSCO SHIPPING Ports Ltd Best Port Operator Hong Kong 2021
COSCO SHIPPING Ports Ltd Best CSR Company (Port Sector) Hong Kong 2021
ČSOB Private Banking Best Private Bank Czech Republic 2021
Cumplo Best Collaborative Financing Platform Chile 2021
Dai-ichi Life Vietnam – Sacombank Most Trusted Bancassurance Provider Vietnam 2021
DLM Capital Group Best Securitisation House Nigeria 2021
Easy Markets Best Crypto Innovation By Broker UAE 2021
Ecommpay-UK Best Payment Solution Providing Company UK 2021
Enobytes Most Outstanding Food & Travel Blog US 2021
Fast Cover Travel Insurance Best Travel Insurance Company Australia 2021
Fine Hygienic Holding Most Innovative Mask Manufacturing Brand MENA 2021
First Bank of Nigeria Ltd Most Customer Trusted Bank Nigeria 2021
First Bank of Nigeria Ltd Most Innovative Retail Banking App Nigeria 2021
First Capital Bank Botswana Best Forex Rates Botswana 2021
First National Bank-Zambia Most Admired Financial Services Brand Zambia 2021
Forex Masters Best Forex Trading Technique Company Africa 2021
Fosun Hani Securities Limited Fastest Growing Investment Bank Hong Kong 2021
Fosun International Limited Best Corporate Communications Hong Kong 2021
Fosun International Limited Best Innovation-driven Consumer Group Hong Kong 2021
FundCalibre Best Fund Research Firm UK 2021
FXPRIMUS Best Partners Programme South East Asia 2021
FXTM Best Education Provider Nigeria 2021
FXTM Most Trusted Broker Nigeria 2021
GCM Yatırım Menkul Değerler A.Ş Best Forex Broker Turkey 2021
GCM Yatırım Menkul Değerler A.Ş Best Online Broker Turkey 2021
Genero Capital LLC Best Private Equity Investments Firm UAE 2021
GFH Financial Group Best Islamic Investment Bank Bahrain 2021
GLS Gemeinschaftsbank eG Best CSR Bank Germany 2021
Gold-i Ltd-UK Most Influential Fintech Company UK 2021
Greenstone Equity Partners Best Advisory Service UAE 2021
Greystone Wealth Management Best Discretionary Fund Management Group Great Britain 2021
Homes 4 Life Real Estate Best Real Estate Residential Brand UAE 2021
HotForex Best Client Services Company Global 2021
Inter-Horizon Securities Most Trusted Advisory Services Provider Zimbabwe 2021
Intouch Holdings PLC Best Technology Public Company Thailand 2021
InvestChile Most Leading Investment Promotion Agency Chile 2021
Investment One Financial Services Limited Most Innovative Financial Services Nigeria 2021
JFD Group Ltd Best Forex Broker Europe 2021
Joyalukkas Exchange Most Innovative Remittance App UAE 2021
KCB Group Most Socially Responsible Bank Kenya 2021
KCB Group PLC Most Outstanding Leadership in Sustainable Finance Africa 2021
KCB Group PLC Best Customer Service Bank Kenya 2021
KDEDEC Consultancy and Training Company Most Leading Consultancy And Training Company Turkey 2021
Khan Bank of Mongolia Best Retail Bank Mongolia 2021
Krungthai – AXA Life Insurance PCL. Best Companies To Work For In Asia 2021
LegacyFx Most Innovative Forex Broker South Africa 2021
LegacyFx Most Competent Trading Professionals Middle East 2021
LegacyFx Fastest Growing Broker Europe 2021
Liquid Telecom-Kenya Best Telecommunications Company Kenya 2021
LOLC Technology Services Limited Best Electronic Payment Solutions Provider Sri Lanka 2021
Mashreq Best Smart Retail Bank Middle East 2021
MasterCard Best Corporate Accelerator Middle East 2021
MauBank Ltd Most Leading SME Bank Mauritius 2021
Maybank Kim Eng-Singapore Best Institutional Broker Singapore 2021
Maybank Kim Eng-Singapore Best Retail Broker Singapore 2021
Maybank Kim Eng-Thailand Best Retail Broker Thailand 2021
Megaworld Corporation Best Real Estate Developer Philippines 2021
MREIT,INC Most Trusted Real Estate Investment Trust Company Philippines 2021
MetLife Emeklilik ve Hayat Most Leading Life Insurance Company Turkey 2021
Metropole Property Strategists Best Property Investment Consultants Australia 2021
Natal Joint Municipal Pension-Provident Funds Best Retirement Fund Managing Company South Africa 2021
National Bank of Kenya Best Digital Customer Service Providing Bank Kenya 2021
National Development Bank PLC Most Innovative Digital Solutions Provider Sri Lanka 2021
National Development Bank PLC Best Project Financing Bank Sri Lanka 2021
National Development Bank PLC Best Commercial Bank Sri Lanka 2021
National Development Bank PLC Best Banking CEO Sri Lanka 2021-Mr. Dimantha Seneviratne
National Development Bank PLC Best Initiative Empowering Women’s Market Segment “Sri Lanka Vanithabhimana” Sri Lanka 2021
One Asset Management Limited Most Leading Mutual fund Management Company Thailand 2021
Pacífico Seguros Most Leading Insurance And Reinsurance Company Peru 2021
Pangaea Securities Limited Best Mergers & Acquisitions Advisory Firm Zambia 2021
Petronas Dagangan Bhd Best Corporate Governance Malaysia 2021
Petronas Dagangan Bhd Best IR Team Malaysia 2021
Petronas Dagangan Bhd Best Oil & Gas for Retail & Marketing Malaysia 2021
Petsy Pty Ltd Fastest Growing Animal Insurance Company Australia 2021
PortugalRur Best Rural Real Estate Brand Portugal 2021
Profile Software Best Investment Management Software Solutions Provider UK 2021
Profile Software Best Wealth Management Solutions Provider UK 2021
Proshare Nigeria Most Reliable Financial Intelligence Services Providing Firm Nigeria 2021
PVcom bank Best Trade Finance Bank Vietnam 2021
PVcom bank Best Card Service Provider Vietnam 2021
PVcom bank Best Bank for Customer Services Vietnam 2021
Pyramedia Best In Media And Marketing UAE 2021
QInvest LLC Most Trusted Investment Solution Provider Qatar 2021
QInvest LLC Best Islamic Fund Managers Qatar 2021
RIF Trust Investments LLC Best Global Citizenship & Residency Advisory Firm UAE 2021
Sberbank of Russia Most Leading Financial Institution Russia 2021
SeABank Best Digital Transformation Business Vietnam 2021
Shorooq Investments PLLC Fintech Investor Of The Year UAE 2021
Stanbic IBTC Asset Management Best Non Pension Asset Management Company Nigeria 2021
Stanbic IBTC Bank PLC Most Leading Commercial Bank Nigeria 2021
Stanbic IBTC Pension Managers Best Pension Fund Administrator Nigeria 2021
Standard Bank-Malawi Best CSR Bank Malawi 2021
Steward Bank Most Innovative Bank Zimbabwe 2021
Strategic Management Partners, Inc. Turnaround Consulting Firm of the Year USA 2021
SUBIC BAY METROPOLITAN AUTHORITY Most Influential Women Philippines 2021 -ATTY. WILMA T. EISMA
Taipei Fubon Commercial Bank Co., Ltd Best Mobile Banking Application for Micro and SME Taiwan 2021
Taipei Fubon Commercial Bank Co., Ltd Best Micro Finance Bank Taiwan 2021
Taipei Fubon Commercial Bank Co., Ltd Best Risk Governance and Intellectual Anti-hacking Initiative Taiwan 2021
Taipei Fubon Commercial Bank Co., Ltd Best Intelligent Information Security Management Taiwan 2021
Taipei Fubon Commercial Bank Co., Ltd Best Trade Finance Bank Taiwan 2021
Taipei Fubon Commercial Bank Co., Ltd Best Blockchain Enabled Supply Chain Finance Solution Taiwan 2021
THAI UNION GROUP PCL. Best Group CEO Thailand [Food Industry]-Thiraphong Chansiri 2021
U&I MICROFINANCE BANK Ltd Most Innovative Microfinance Bank Kenya 2021
uab bank Limited Best CSR Bank Myanmar 2021
Vanguard Life Assurance Company Ltd-Malawi Best Life Assurance Company Malawi 2021
Vattanac Bank Best Customer Service Providing Bank Cambodia 2021
Vattanac Bank Best Bank In Corporate Governance Cambodia 2021
Vietcombank Fund Management Best Asset Management Company Vietnam 2021
Wema Bank Most Innovative Digital Bank Nigeria 2021
Wema Bank Best Digital Bank Nigeria 2021
Xero Capital Markets Ltd Most Transparent Broker Asia 2021
Yapı Kredi Asset Management Best Pension Funds Management Company Turkey 2021
Yapı Kredi Asset Management Best Asset Management Company Turkey 2021
Yapi Kredi Bank Best Private Bank Turkey 2021
Zeepay Best Mobile Payment Platform Ghana 2021

About Us:

Finance Derivative is a global finance and business analysis magazine, published by FM. Publishing, Netherlands.

Being one of prime print and online magazine providing broad coverage and analysis of the Finance industry, International Business and the global economy empowering the businesses and Corporate Companies around the world. The leadership articles are read by industry professionals at all levels of banking, financial services, payment solutions and insurance as well as technology and consulting executives.

Finance Derivative features the Global News and & Analysis from the finance world and corporate excellence, be it Trading and Banking, Wealth Management, Businesses, Technology and Financial services which are impacting the World economy. We provide our users with the excellent digital experience on website as well as the digital magazine, video blogs, research reports and events. With an accustomed team of professional industry Journalists, we bring a minute coverage on a comprehensive range of topics from the industry.

Visit www.financederivative.com

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Real-time payments are here to stay and with good reason 

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Real-time Payment (RtP) models are here to stay for the foreseeable future alongside traditional payment schemes. But as businesses increasingly recognize their potential, further cases for real-time payments are coming to the fore. That’s according to Buckzy Payments Inc., (https://buckzy.net/) the Toronto-based global fintech on a mission to make international payments quicker, more reliable, and more affordable.

Umesh Maini, Chief Product Officer at Buckzy, stated, “Customer-oriented businesses such as retailers and hospitality providers value the increased speed with which they receive funds through real-time payments. In addition, during the Covid-19 pandemic, cross-border online purchasing increased, which put more pressure on liquidity for merchants due to the settlement times involved. But with the pandemic far from over, businesses from a wide variety of industries are also now looking at RtP with increased interest as a remedy to this issue, since with RtP it is the payer that is responsible for and controls the flow of funds rather than the payee and their bank or payment provider.

“RtP not only speeds up client payments – it can also improve cash flows, budgeting, financial projections and cash management,” explained Maini. “And if that’s not enough to get every Chief Financial Officer sitting up and paying attention, RtP also offers an opportunity to support and accelerate other digital innovations and trends, such as expedited bill payments, faster payroll disbursements to workers, and the ability for current account holders to manage their cash better. In other words, it acts as a major catalyst for businesses to digitally transform their business models by being able to accept payments that are settled in real-time.”

“Across the world, tech-savvy consumers and companies alike now want their bill payments, online shopping and cross-border transactions completed instantly, cheaply and at scale. That’s the power of RtP,” added Maini.

Maini summarizes the main benefits for financial services providers to adopt and support real-time payments as follows:

  • RtP helps with customer acquisition a real-time payment provides an additional set of services that will help to attract new customers
  • RtP removes the need to use costly, outdated fund transfer methods like SWIFT
  • RtP provides extra clarity for users to manage cash through up-to-the minute transaction histories and real-time account balances
  • Increased revenue through improved economies of scale and customer retention
  • Manual processes can be reduced, which in turn saves costs
  • RtP enables better customer insights compared with cash, which can then be used by the payment provider to improve their other financial services
  • RtP data can also improve anti-money laundering (AML) and fraud monitoring

“As with any major shift in technology, payment providers will face both costs and benefits to upgrade their systems to a new faster payments infrastructure. Investment by providers and adoption by users will both depend on the specific benefits each gains from real-time payments. Consumers today expect to get what they want quickly and at any time, at the push of a button. This also goes for their payments and it’s why RtP will quickly become the new normal,” concluded Maini.

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Union Bank of India goes live with RuPay Credit Card on UPI with Kiya.ai as a technology partner

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Nitesh Ranjan, ED Union Bank of India with Rajesh Mirjankar, Managing Director & CEO, Kiya.ai at the launch

 

Kiya.ai, one of the most innovative digital solutions providers in India, announced that Union Bank of India was among the first banks to launch NPCI’s UPI linked to Rupay Credit Card and UPI Lite on the unified payments interface (UPI) platform with Kiya.ai as their technology partner in this achievement.

The announcement comes after the RBI Governor Shri Shaktikanta Das and National Payments Corporation of India (NPCI) launched RuPay credit card on UPI, UPI Lite and Cross Border payments for BBPS at Global Fintech Fest 2022.

Until now, UPI allowed the linking of bank accounts by mapping an account linked with a mobile number and an savings / current account. Earlier in June 2022, the RBI allowed the linking of credit cards with UPI, stating that RuPay credit cards would be initially linked with UPI “to provide additional convenience to users and enhance the scope of digital payments”.

Rajesh Mirjankar, Managing Director & CEO, Kiya.ai, “We are extremely delighted to partner with Union Bank of India in this pilot project of linking RuPay Credit card on UPI. Kiya.ai has partnered with Union Bank of India for various digital payment initiatives including UPI, UPI Lite, UPI linkage to credit card, and sandbox for API banking.  The linking of credit card to UPI will significantly enhance high-volume transactions while also increasing average amount per transaction given the ease of using credit facility on UPI. This is a game-changing initiative as it will ensure safe and contactless transactions, reducing the risk of credit card frauds too.”

Mr. Nitesh Ranjan, ED Union Bank of India said, “We are pleased to embrace the decision taken by the Reserve Bank of India and NPCI to enable Rupay credit cards through UPI. Union Bank of India is proud to be a part of this launch. This is a game changer as one would be able to use a credit card for doing payments using UPI. We are excited to partner with Kiya.ai on this journey, and together, we can provide a smooth user experience to customers and make India even more digitally advanced.”

As part of the pilot project, NPCI will integrate the UPI AutoPay feature with credit card transactions to reduce the risk of defaults on credit card payments.

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