Celent Model Awards Program 2021: 9 Reasons to Submit Your Nomination Today!

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15 September 2020
Juan Mazzini

Celebrating the effective use of technology in insurance, banking, wealth management and risk management

Every year, we recognize excellence in the usage of technology through our Model Insurer, Model Bank, and Model Wealth Manager Awards. This year we've expanded and added a new category for Model Risk Manager. The awards recognize a financial institution’s effective use of technology in different areas, often representing a best practice.

The awards are designed to answer the deceptively simple question: What would it look like for a firm to do everything right with today’s technology?

Of course, no firm is a “Model” firm across the board. Therefore, we focus on specific real-world examples of individual technology initiatives. Case studies for the winning initiatives will be presented through our annual reports detailing how and what they did to succeed.

For our 2020 edition we received 314 submissions by financial institutions from 30 countries around the world, demonstrating the global nature of the program and the high interest from the industry to the Celent’s Model Award Program.

We are now accepting submissions for the 2021 program. The nomination process runs from June 2020 through October 16, 2020.

Winners will be announced February 25, 2021 at Innovation & Insight Day.

You can look into all the content from our 2020 Innovation and Insight Day here, including videos of the winners of the 2020 Model Awards Program. Also peek into a list of previous winners:

·Model Insurer

·Model Bank

·Model Wealth Manager

You could be part of the cohort of winners in 2021. Start by submitting your initiative today at https://www.celent.com/awards by selecting the program of your interest.

We know at least 9 good reasons for you to submit a nomination, but let us know if you come up with a new one!

1. Financial institutions view our Model Awards Program as a distinctly prestigious award in the financial service industry.
2. Winning a Model Award offers an independent, third party validation on your technology initiative.
3. Highlight your team’s achievements within the company by showcasing your award. This can be a morale booster for your team during COVID-19.
4. Understand how your initiative ranks amongst other competing financial institutions.
5. Increase your brand exposure. Over 3,500 participants tuned in to our Digital Innovation & Insight Day this year to watch our video deep dives on the winning initiatives.
6. There is no fee to submit your nomination.
7. We will work with each winner to publish a case study of their winning initiative. The study is heavily downloaded by our clients.
8. Strengthen your relationship with the technology vendor(s) you worked with. The winning case studies includes a list of vendors that were part of the initiative.
9. Winners will also receive a shiny trophy!

If you have any questions about the program let me know at jmazzini@celent.com.

Looking forward to your submission!