The awards process is based on the following steps
A shortlist of nominees for each category will be identified by an Efma Committee after the submission deadline
Efma members and non-members visiting the website will vote for the 8 standard categories (excluding Global Innovator categories). To do so, they will establish a podium ranking among the 6 nominees per category. A vote from an Efma member will be considered as two votes from non-member).
For the two special categories, an Innovation Awards Committee composed of banking executives and innovation specialists from all over the world will review all the nominees and then vote.
the uniqueness of the idea in the marketplace and its potential as a game changer
the innovation’s capacity to generate a superior, long-term competitive edge and a significant return on investment
the innovation’s adaptability across different markets and countries