On the 12th November, 2024, The MEA Finance Magazine Awards, the region’s topmost financial and banking technology awards programme, announced the winners for their 2024 event during a gala dinner at The Ritz Carlton Hotel, JBR, Dubai. The high-profile and keenly anticipated occasion held every November, recognises the institutions that are transforming the banking and financial landscape, driving the industry forward and building regional economies and fostering widening financial inclusivity.
The Awards ceremony was attended by over 250 senior leaders in Banking, Finance, Wealth & Investment, Fintech, Financial Technology & Innovation, Financial Advisory & Service Providers to the financial industry across the Middle East and Africa.
The annual awards programme was organised by MEA Finance, the region’s leading dedicated banking and finance media and events business. It clearly benchmarks and promotes excellence in the industry by highlighting outstanding performance in banking and financial technology. The event provides deserved recognition to institutions that have continued the upwards trajectory of the industry, created innovative financial services and solutions to benefit their clients, customers and economies during our times of rapid modernisation and digitisation.
Hundreds of nominations were evaluated by a panel of judges, coming down to 73 categories, won by a combination of banks and sector-related businesses and three individual achievement awards with winners decided after much considered evaluation of their skills in the execution of deals, application of wider principles and innovation in business and service provision and the consideration of the needs of their range of clients, customers and society.
The event was supported by Infosys as the event Lead Partner and Secura International and Finesse as the Event Sponsors.
The full list of the MEA Finance Awards 2024 winners:
CATEGORIES
| TECHNOLOGY & INNOVATION |
| · Best Mobile Banking Service Implementation : Emirates NBD for ENBD X |
| · Best Online Banking Services : First Abu Dhabi Bank |
| · Best Use of AI and ML in Banking : First Abu Dhabi Bank |
| · Best Cybersecurity Implementation : Black Cell FZCO |
| · Best User Experience/Engagement : Skiply by RAKBANK |
| · Best User Experience/Engagement – KSA : Bank Aljazira |
| · Best User Experience/Engagement Provider : GBM Dubai |
| · Special Achievement in Digital Innovation : Liv powered by ENBD |
| · Best Payments Solutions Provider : PayerMax |
| · Best Digital Banking Innovation Provider : Backbase |
| · Best Payment Solutions Implementation : National Bank of Fujairah |
| · Best Innovation in the Payments Industry : Mastercard |
| · Best Open Banking Solutions Provider : Tarabut |
| · Best Digital Banking Service : Mbank |
| · Best AI Deployment /Implementation : First Abu Dhabi Bank |
| · Best Use of AI in Asset Management : Plurimi |
| · Best Cybersecurity Provider : Finesse CyberHub |
| · Best Digital Transformation Implementation : Aafaq Islamic Finance |
| · Best Digital Transformation Implementation – KSA : Infosys Finacle and Arab National Bank |
| · Best Financial Data Analysis Provider : Emirates Integrated Registries Company |
| · Best Islamic Digital Banking Provider : Dubai Islamic Bank |
| · Best Reg Tech Solutions Provider : Re/think |
| · Best Financial Technology Provider : GBM Dubai |
| · Best Financial Technology Provider in Payments : Geidea |
| · Best BAAP Provider : Backbase |
| · Best Composable Banking Transformation : Infosys Finacle and Emirates NBD KSA |
| · Best Managed Services for Infrastructure Management : First Abu Dhabi Bank and Infosys |
|
BANKING AND FINANCIAL SERVICES |
| · Best Islamic Bank – UAE : Dubai Islamic Bank |
| · Best Islamic Bank – Egypt : Banque Misr |
| · Best Sukuk Deal of the Year : Dubai Islamic Bank |
| · Best Islamic Consumer Finance – KSA : Saudi Finance Company |
| · Best Islamic Bank for SME’S : Emirates Islamic Bank |
| · Best Sukuk Islamic Fund : Dubai Islamic Bank |
| · Best Retail Bank – UAE : Emirates NBD |
| · Best Investment Bank : Citi |
| · Best SME Bank : National Bank of Fujairah |
| · Best Technology Sourcing and Vendor Management : First Abu Dhabi Bank – Sourcing and Vendor Management (SVM) |
| · Best Takaful Provider : Salama Islamic Arab Insurance Company |
| · Best Treasury Management Services : First Abu Dhabi Bank |
| · Leader in Cross-Border Payments Award : Swift |
| · Best Cash Management Bank : First Abu Dhabi Bank |
| · Best Trade Finance Bank : National Bank fo Fujairah |
| · Best M&A : Citi |
| · Best Bond Issue of the Year : Emirates Islamic Bank |
| · Best Corporate Services Bank – UAE : National Bank of Fujairah |
| · Best Corporate Treasury Inhouse Banking Service : First Abu Dhabi Bank |
| · Best Tax and Accounting Firm for SME’S : Virtuzone |
|
INVESTMENT |
| · Best Asset Management Firm : Plurimi |
| · Most Innovative Trading App : Al Ramz Corporation P.J.S.C. |
| · Best Equities Investment Services : Plurimi |
| · Best Investment Management Firm : Mashreq Private Banking |
|
WEALTH MANAGEMENT |
| · Best Private Bank in the Middle East : Mashreq Private Banking |
| · Best Wealth Management Institution for HNWI’s : First Abu Dhabi Bank |
| · Best Domestic Private Bank : Mashreq Private Banking |
| · Best Family Office Service : BNY Wealth |
| · Best Foundation Services : M/HQ |
| · Best Digital Innovation and Services in Wealth Management : Standard Chartered Bank |
| · Best Residency and Citizenship by Investment Firm : Next Generation Equity – NGE |
| · Best Overall Wealth Management Service in the Middle East : Standard Chartered Bank |
| · Best Wealth Management Institution for Ultra HNWI’s : Emirates NBD |
| · Best Global Private Bank in the Middle East : HSBC |
| · Best Family Office Platform Provider : BNY Wealth |
| · Best Succession Planning Services : M/HQ |
| · Best Wealth and Investment Technology Provider : additiv |
| · Best Client Value Proposition : Mashreq Private Banking |
|
FINANCIAL INCLUSIVITY & ESG |
| · Best Financial Inclusivity Initiative : myZoi Financial Inclusion Technologies LLC |
| · Best Sustainable Finance Initiative : Dubai Islamic Bank – DIB |
| · Leader in Financial Inclusion : Mastercard |
| · Best ESG Strategy : Mashreq – Climb2Change |
|
LEADERS IN BANKING AND FINANCE |
| · Best Technology Executive of the Year for Financial Services : Arun Mehta, CDAO – Head of Data Analytics & AI, First Abu Dhabi Bank |
| · Most Transformative Leadership Award : Hisham Hammoud, Chief Executive Officer, Aafaq Islamic Finance |
| · Banker of the Year : Jayesh Patel, Chief Executive Officer, Wio Bank |
