Global Finance has announced selections for the World’s Best Financial Innovation Labs as part of The Innovators 2024. A full report on the results will be published in the September print and digital editions, as well as online at GFMag.com.
Now in its seventh year, the Best Financial Innovation Labs annual report on the leading players and emerging trends in fintech innovation has become a valuable and trusted resource. It recognizes the leading labs run by financial services companies (internal and external), venture capitalists, economic development organizations and independent entities.
“With the acceleration of digital transformation, the integration of blockchain technology, and the rise of decentralized finance, innovation in the financial sector is more critical than ever,” said Joseph Giarraputo, publisher and editorial director of Global Finance. “The institutions recognized as Global Finance’s Best Financial Innovation Labs 2024 exemplify excellence by pushing the boundaries and creating impactful solutions that address today’s complex financial challenges.”
The Innovators 2024 is Global Finance’s twelfth annual awards competition honoring organizations at the vanguard of new ideas, products and services in the financial sector. In the June 2024 issue, Global Finance honored the Most Innovative Banks and Fintechs, Top Global Innovations in Finance, and Top Innovations in Finance by Category. In past years, these awards and the World’s Best Financial Innovation Labs both appeared in the June issue. They have been separated this year to give each program additional attention as stand alone awards.
All selections were made by the editorial board of Global Finance with the input of reporters who are experts on the functions being served by these innovators. Entries were not required for consideration, but submissions from banks, consultants and other organizations were carefully considered as part of the decision process.
The list of Global Finance’s World’s Best Financial Innovation Labs 2024 follows.
FINANCIAL SERVICES COMPANY LABS (Working With External Startups and Scaleups)
AB iHub – Arab Bank
Akbank Lab
Alior Bank/Alior iLab
Alios Cooperative
Banco Bradesco inovabra
Barclays Eagle Labs
BNY Mellon Enterprise Innovation Group
BofA Breakthrough Lab
boostLAB Powered by BTG Pactual
Citi Innovation Labs
DBS Asia X (DAX)
Deutsche Bank Innovation Center
EFG EV Fintech
Elevator Lab powered by Raiffeisen Bank International
ING Labs
Morgan Stanley Inclusive Ventures Lab
National Bank of Kuwait Group Digital Office
OTP Bank Innovation Lab
TD Lab & TD Workshop of TD Bank Group
Up2Stars/Intesa Sanpaolo
Visa Global Innovation Center
Wenov by Attijariwafa
Yapi Kredi FRWRD
FINANCIAL SERVICES COMPANY LABS (Internal)
ABC Labs/Bank ABC
Bancolombia Innovation Lab
BBVA AI Factory
Capital One Lab
CIB Innovation Group
CTBC Data & AI R&D Center
Customer Experience LABs/CaixaBank
Fidelity Center for Applied Technology/Fidelity Labs
Goldman Sachs – GS Accelerate
Mastercard Labs as a Service
Moody’s
PayPal Innovation Labs
SEBx (SEB Group)
INDEPENDENT LABS
Accenture’s Fintech Innovation Labs
Beta-i
Mass Challenge
TechQuartier
Tenity
VENTURE CAPITAL LABS
Accelerator Frankfurt
Deloitte Catalyst
Plug and Play
Startup Bootcamp
Startup Wise Guys
Synechron
Y Combinator
ECONOMIC DEVELOPMENT LABS
Brazilian Financial Innovation Lab (LAB)
Copenhagen Fintech Lab
Cyberport
DIFC Fintech Hive
European Investment Bank/Space Finance Lab
FinTech Innovation Lab
Seoul Fintech Lab
Social Innovation Lab/Banking and Financial Associations of Colombia