The closing date for online submissions to be presented at ‘InnovBank International Symposium’ on the theme ‘Innovative Banking in a smart world’ sponsored by the Bank of Ceylon, has been extended to February 4. The email address is www.innovbank.lk.
The symposium will serve as a platform to present ideas and proposals that could assist banking and financial services to be more responsive to customer needs. The final outcome is aimed to provide smarter banking experience for customers with the ideas gathered from professionals and academics interested in fin-tech innovations. This is a Corporate Social Responsibility initiative towards the betterment of the industry. The symposium will be conducted under six main categories - Fin-tech Solutions for Banking, Business Process Re-Engineering in banking, Artificial intelligence in financial industry, Innovative banking products and services, MIS and Big Data Analytics for decision making and My Dream Bank category exclusively for students.
To ensure transparency and clear assessment throughout the evaluation process, organisers have invited independent external evaluators representing academic and professionals in the field of IT and finance.
The evaluation process comprises three main phases in order to recognize the best proposal under each category. Evaluation of proposals submitted under school category will be evaluated under special criteria.
On receipt of proposals, efficacy and the expediency of the concept will be ascertained by the evaluation panel at the initial screening stage and the filtered papers/proposals will be scheduled for presentations. Proposals screened through the first stage will be called in for a presentation before an expert reviewing panel to ascertain the relevance and contribution of the concept towards the industry development.
At the third and the final stage, all shortlisted proposals will be given the opportunity to present their proposed ideas at the symposium scheduled to be held in May 2020. The best three projects from each category will be recognised and rewarded accordingly.