Bank of Abyssinia has been named the winner of the prestigious Temenos Innovation Hero Award at the TFC2023 reception held on May 9, 2023, in Vienna. Standing out among nominated projects from across the industry, Bank of Abyssinia’s innovative and impactful banking projects impressed both the Temenos jury panel and its customers. After sharing the summary of nominated projects online, customers and partners were encouraged to vote on the most deserving project, ultimately leading to this well-deserved recognition.

The Temenos Innovation Hero Award is an annual award program that recognizes organizations making a significant impact in their local communities through innovative and impactful banking projects. The award is presented by Temenos, a world-leading open platform for composable banking, to customers using any of their solutions. To qualify for the award, projects must demonstrate innovation and have a positive impact on the community.

The Temenos Innovation Hero Award was first introduced in 2022, with 5 projects nominated for the award. In 2023, 3 winners were chosen from customer nominations. The winners were recognized at the Temenos Community Forum (TCF) 2022 event for their commitment to making banking better.

In the past, Mirabaud, Commerce Bank, Credem, Banco de la Nación Argentina, and Hamilton Reserve Bank were all awarded the Innovation Hero Award. Hamilton Reserve Bank was recognized for its innovative project which included deploying a digital platform that allowed customers to access banking services remotely and securely. This project had a positive impact on the local community by providing them with access to financial services they would not have otherwise had access to.

The Temenos Innovation Hero Award stands out from other recognition programs due to its focus on recognizing innovation and its positive effect on communities. It encourages organizations to think outside of the box when it comes to developing new products or projects that can have a lasting impact on people’s lives. By recognizing these innovative ideas, it also serves as an incentive for other organizations to strive towards creating similar projects that can benefit their local communities.

Overall, the Temenos Innovation Hero Awards is an important recognition program that celebrates organizations that are working hard to make a difference in their local communities through innovative banking projects. It is an excellent example of how technology can be used for good and how it can be leveraged to create meaningful change in people’s lives.