The MEA Finance Banking Technology Awards 2021 winners were announced yesterday, May 26 at Armani Hotel, Burj Khalifa, Dubai UAE in a much welcomed in-person ceremony, honoring leaders and businesses within the banking, finance, and financial technology sectors in the Middle East and Africa, for excellence, achievement and leadership during the recent and challenging past. All who attended were thrilled to be back at a physical event, despite having to maintain social distancing rules and donning face masks throughout.

The awards programme, organized by MEA Finance Magazine, benchmarks and promotes excellence and stand-out performance in banking and financial technology. It gives due recognition to institutions that have benefitted their clients and customers by innovating throughout challenging economic conditions and the limiting restrictions of the pandemic.

Hundreds of entries were critically evaluated by a panel of judges comprised of industry experts and commentators. Forty category winners have been chosen after some in-depth evaluation of their research and knowledge of the market, consideration of the needs of their full range of clients and customers and an assessment of all relevant developments and achievements from the previous year.

In his welcome remarks, Kenneth Mitchen, Executive Director and Publisher of MEA Finance Magazine, stated, “Today, we honor leaders and organizations who have faced the challenges, embraced the change, and have maintained excellence throughout”.

The forty awards honouring the winners of the awards were presented in two halves, the first for technology vendors and the second half for banks and financial institutions.

Here is the full list of the MEA Finance Banking Technology Awards 2021 winners:


  • Digital Banking Provider of the Year – Infosys Finacle
  • Islamic Digital Banking Provider of the Year – VeriPark
  • Best Cybersecurity Provider – HelpAG
  • Best Core Banking Solutions Provider – Temenos
  • Best User Experience Solution Provider – Backbase
  • Best Data Management Solution Provider – Tarabut Gateway
  • Best Risk Management Solution Provider – Loxon Solutions
  • Best Analytics Solution Provider – Cubic Information Systems
  • Most Innovative Cloud Services Provider – Cloud4C
  • Most Innovative Mobile Banking App. – VeriPark
  • Best Trading Infrastructure Provider – United MakGroup Technologies & IPC
  • Most Innovative Trading Platform – Tradesocio
  • Best AML/KYC Solution Provider – Appway
  • Best Communications Infrastructure Provider – Avaya
  • Best Open Banking & API Solutions ProviderMaveric Systems
  • Most Innovative Payment Solutions Provider – Volante Technologies
  • Best Wealth and Investment Technology Provider – additiv
  • Most Innovative Digital Wallet Deployment – PayBy Technology Projects LLC
  • Best Digital Transformation Consultancy Firm – Testhouse Ltd
  • Best Islamic Fintech Systems Integration Provider – DDCAP Group’s ETHOS AFP
  • Tech CEO of the Year – Stephan Berner, Chief Executive Officer, HelpAG
  • Financial Services Technology Leadership Award – Mohammed Kateeb, Group Chairman and CEO, Path Solutions


  • Technology Leadership Award – Ramana Kumar, Chief Executive Officer, Magnati
  • Digital Banking Innovation of the Year – Mashreq
  • Best Digital Innovation in Islamic Banking – Emirates Islamic Bank
  • Best NeoBank – Payit powered by FAB
  • Best Cyber Security and Risk Management Implementation – Mashreq
  • Best Mobile Banking Services – Commercial Bank of Dubai (CBD)
  • Most Innovative Emerging Technology Implementation – National Bank of Fujairah (NBF)
  • Best Innovation in User Experience – Payit powered by FAB
  • Best Innovation in Retail Banking – Commercial Bank of Dubai (CBD)
  • Best Innovation in Corporate Banking and Finance – HSBC
  • Best Innovation in Trade Finance – Standard Chartered Bank
  • Best AI Technology Implementation – RAKBank
  • Best Open Banking & API implementation – Aafaq Islamic Finance and 4pi
  • Best Branch Digitisation Implementation – Mashreq
  • Best Corporate Payment Service – Mastercard Corporate Payment Services
  • Best Risk & Compliance Implementation – Greenstone Equity Partners
  • Best Retail Payment Implementation – First Abu Dhabi Bank (FAB)
  • Best Treasury Management Implementation – HSBC