6. Best new innovation in non-card/bank direct payment services for consumers

This award will go to the organisation that can demonstrate the use of innovative technology to streamline the third party payment process for consumers. Judges will be looking for evidence on whether consumers enjoyed the user experience, whether it displaces previous models of payment and whether the customer protections were well handled.

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Nominated Project *

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a) Dates of the overall project – all entries should be for the period of the last two years *

b) The project’s rationale *

c) The project’s unique differentiators *

d) The project’s innovative nature and/or importance *

e) The project management, team size and mix, collaboration *

f) The project’s results and performance metrics *

g) The project’s financial and business impact; return on investment (if applicable)

h) Any other information, statistics, facts and figures, etc., that will aid the judges to better understand the value of the project

i) More specifically, the judges request that the entries include answer to the following questions:

i) How was Open Banking transactional data used to influence the project design?

ii) What lessons were learned from the project?

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