The Best Retail Banking Innovations in the World!

To find the best innovations in retail banking, you usually need to look beyond North America. The best evidence of this ongoing trend is a review of winners in major financial innovation competitions worldwide. Here is a summary of some of the best-of-the-best innovations recognized by Efma and Accenture. The question that gets asked at almost every gathering of financial services executives is, "What institution is the best innovator in banking?" or "Where is most innovation in banking taking place?" Luckily there are trade organizations such as Efma (an association of 3,300 financial institutions in 130 countries) and the Bank Administration Institute (BAI) that have annual competitions to recognize the best in the financial services industry.