Latest news with #InnovationoftheYear
South Wales Argus
03-06-2025
- Business
- South Wales Argus
Entries open for 2025 Social Business Wales awards
The annual awards, hosted by the Social Business Wales programme, celebrate the most inspiring and innovative social enterprises in Wales. Categories include "One to Watch" for enterprises under two years old, "Innovation of the Year," and "Environmental Social Enterprise of the Year." This year sees the introduction of a "Women's Champion of the Year" category, and a social impact award. The Community Impact Initiative (Cii), based in South Wales, was awarded the Social Enterprise of the Year title in 2024. Trystan Jones, their chief executive, said: "Winning a Social Business Wales award has been very meaningful for all of us." Down to Zero, a Rhondda Cynon Taf-based social enterprise, was named the "One to Watch." Project manager, Tom Addiscott, said: "It has given us kudos as a company, raised our volunteer numbers, and given our staff that 'feel good factor'." Glenn Bowen, director of enterprise at Cwmpas, said: "The Social Business Wales awards are about shining a light on the incredible work happening across Wales's social enterprise sector." Entries are open until Monday, July 14, with winners announced at an event in October.
Yahoo
19-05-2025
- Business
- Yahoo
Western Alliance Bank's and Digital Disbursements' Triangle of Fraud Protection Named as Innovation of the Year by American Banker
Digital Disbursements and ClaimScore Recognized in Annual Award's Cybersecurity and Fraud Category PHOENIX, May 19, 2025--(BUSINESS WIRE)--Western Alliance Bank's subsidiary Digital Disbursements, the leading digital payments platform for the class action legal industry and part of the bank's Juris Banking Group offering, today announced that their Anti-Fraud Triangle innovation, developed in partnership with ClaimScore, a data-driven fraud prevention software solution for class action settlements, has been selected as American Banker's Innovation of the Year in the Cybersecurity and Fraud category. The prestigious award recognizes 2024's most groundbreaking and influential technology-focused innovations, and the teams that brought them to life at banks, financial institutions and fintechs. The Anti-Fraud Triangle was developed in response to the 19,000% surge in fraudulent class action and mass tort claims, which skyrocketed from approximately 400,000 in 2021 to more than 80 million in 2023. The integrated platform combines the respective services offered by Digital Disbursements and ClaimScore, with the variety of tools offered by the particular settlement administrator in any given case to detect and prevent waste, fraud, and abuse. The integrated solution is far more effective than the sum of the individual components: in 2024 alone, the Anti-Fraud Triangle identified and prevented more than 800 million fraudulent claims. Had all of those claims been approved, the bad actors would have received well over $100 million in fraudulent payouts. "We are deeply honored by this recognition, which comes at a time when innovative fraud protection strategies are needed more than ever," said Digital Disbursements Founder and Co-CEO Jeff Richardson. "Thank you to American Banker and to our partners, who entrusted us with the implementation of a modern, claimant-first solution, which was made possible through our collaboration with ClaimScore. The Anti-Fraud Triangle has endless potential both within and outside the settlement space, and we will continue to capitalize on its innovative capabilities." Digital Disbursements and Western Alliance Bank recently released their third annual "Digital Payments in Class Actions and Mass Torts" report, which revealed that the number of claims with significant indicia of fraud in 2024 dropped for the first time on record after the dramatic increase between 2021 and 2023. About Western Alliance Bancorporation With more than $80 billion in assets, Western Alliance Bancorporation (NYSE: WAL) is one of the country's top-performing banking companies. Through its primary subsidiary, Western Alliance Bank, Member FDIC, clients benefit from a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by industry experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2024 by American Banker and Bank Director and receiving #1 rankings on Extel's (previously Institutional Investor's) All-America Executive Team Midcap 2024 for Best CEO, Best CFO and Best Company Board of Directors. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. For more information, visit Western Alliance Bancorporation. About Digital Disbursements A subsidiary of Western Alliance Bank, Digital Disbursements addresses the evolving payment needs of those in the legal, financial and other industries through its award-winning technology. The proprietary platform enables all types of payees, including those with claims from class actions, mass torts and bankruptcies, to choose how they would like to receive their payments, with options ranging from direct-to-bank accounts to popular digital wallets and credit cards. The benefits include improved deliverability, reduced cost and mitigated fraud, while also allowing the unbanked to receive their funds without high check-cashing fees. Digital Disbursements is part of Western Alliance Bancorporation, which has more than $80 billion in assets. To learn more, visit Western Alliance Bank's Digital Disbursements. About ClaimScore ClaimScore LLC is a technology company that offers AI-based claim validation software for class action settlements. Designed to provide a transparent and efficient approach to the claims process, ClaimScore's proprietary scoring system and real-time reporting stands as the gold standard in claim validation software. View source version on Contacts Media Contact:Stephanie Whitlow, SWhitlow@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
06-05-2025
- Business
- Business Wire
Pidgin and United Bankers' Bank Named American Banker's 2025 Innovation of the Year
ATLANTA--(BUSINESS WIRE)-- Pidgin, a secure, real-time payments platform built for the future of payments, is proud to announce that its partnership with United Bankers' Bank (UBB) has been recognized as one of American Banker's Innovations of the Year for 2025. This prestigious award highlights the groundbreaking work Pidgin and UBB have accomplished in bringing instant payment capabilities to community banks across the United States. The collaboration between Pidgin and UBB has empowered more than 1,000 community banks to offer their customers secure and convenient payment options through the FedNow Service, the Federal Reserve's instant payment offering. Share According to UBB, 'Receiving this Innovation of the Year award is a proud moment for us and a testament to the strength of our collaboration with Pidgin. At UBB, we are focused on operational excellence and customer-centric innovation. By partnering with Pidgin, we've accelerated our ability to deliver seamless, secure, and modern payment experiences that meet the evolving needs of our clients.' The collaboration between Pidgin and UBB has empowered more than 1,000 community banks to offer their customers secure and convenient payment options through the FedNow Service, the Federal Reserve's instant payment offering. By providing community banks with access to cutting-edge payment technology, Pidgin and UBB have helped level the playing field, allowing smaller financial institutions to compete effectively with larger banks and fintech companies. Since going live with Pidgin, UBB has consistently increased the number of partner banks participating in the FedNow Service by 5-10% each month. The partnership enables community banks to process transactions quickly and securely across a variety of use cases, including Peer-to-Peer (P2P), Consumer-to-Business (C2B), Business-to-Consumer (B2C), and Business-to-Business (B2B) payments. "Being recognized by American Banker for our work with UBB is a tremendous honor that validates our mission to make instant payments accessible to financial institutions of all sizes," said Abhishek Veeraghanta, Founder and CEO of Pidgin. "This award belongs equally to the team at UBB, whose forward-thinking approach to payments has enabled their network of community banks to participate fully in the real-time payments landscape." American Banker's Innovation of the Year awards will be presented at a special gala during the Digital Banking Conference in Boca Raton on June 14, 2025. The awards recognize groundbreaking solutions driving real business impact and redefining what's possible in banking and financial services. About Pidgin Pidgin is an innovative and secure faster payments ecosystem, enabling financial institutions, business owners, and individuals to process transactions quickly and with lower fees. Engineered for the future of payments, Pidgin allows financial institutions to send and receive instant payments while keeping funds within the institution, rather than a third-party holding account. For more information, visit or follow Pidgin on LinkedIn.
Yahoo
24-03-2025
- Business
- Yahoo
American Banker Launches Innovation of the Year 2025 Awards
New program to honor the top 10 groundbreaking financial technologies and the teams behind them NEW YORK, March 24, 2025 /PRNewswire/ -- American Banker, the leading information resource serving the banking and financial services community, today announced the launch of its Innovation of the Year awards program. Debuting in conjunction with American Banker's annual Digital Banking conference, which takes place in Boca Raton, Fla., June 1-4, 2025, the new awards recognize the 10 most trailblazing products, services, tools, and technologies shaping the future of financial services—and the collaborative partnerships and teams that bring these breakthroughs to life. The new initiative celebrates innovations that have demonstrated tangible business impact, accelerated digital transformation, and delivered measurable benefits to customers. Award recipients will be recognized at a high-profile gala on June 2, during the Digital Banking Conference, where a grand prize honor will be awarded to one innovation and the team behind it. "American Banker has a long track record of honoring the industry's most transformative ideas," said Chana Shoenberger, Editor in Chief of American Banker. "With this new program, we are celebrating collaborative innovation, highlighting the dynamism of our industry, and shining a spotlight on the people and organizations reimagining what's possible." Applications are open to innovations from banks, financial institutions, and fintechs with bank charters or licenses. Technology companies can also submit an application, but inclusion of the partner bank, financial institution or fintech with bank charter or license is required in the nomination. The Innovation of the Year program shines a spotlight on established and emerging players across a range of categories, including: digital and mobile-first banking; open banking and open finance; regulation, compliance and risk management; artificial intelligence and cloud computing; embedded finance; payments; banking-as-a-service; and cybersecurity. To be eligible, the innovation must have launched in 2024 and demonstrate quantifiable impact on revenue growth, customer acquisition, operational efficiency, return on investment, and/or broader market influence. "This new awards program underscores Arizent's commitment to recognizing excellence in financial services innovation," said Jeff Mancini, CEO of Arizent, parent company of American Banker. "We believe that groundbreaking ideas flourish when institutions, fintechs, and other partners collaborate, and we look forward to celebrating the entire digital ecosystem driving the industry forward." Submissions are being accepted through April 14, 2025. Although nominations are not required for consideration, it is strongly encouraged that all eligible innovators share metrics and supporting details on the business impact of their efforts. "Our Digital Banking conference has always showcased the leadership and innovation radically reshaping the financial services landscape," said Jon Moore, EVP of Events and Live Media at Arizent. "By introducing the Innovation of the Year awards as part of this marquee event, we are thrilled to recognize the visionary teams and partnerships propelling our industry into new frontiers." Award recipients will be featured across American Banker's print and online channels, as well as on social media, ensuring broad visibility and recognition throughout the financial services community. For more information on sponsorship opportunities, contact Brad Bava at To learn more about the awards program and submit a nomination, visit or email awards@ About American BankerAmerican Banker is the essential resource for senior executives in banking and financial services, keeping its members updated on vital developments and focusing sharply on their most important concerns — innovation, transformation and disruption; technology, regulation and reform. Financial industry professionals turn to American Banker every day and throughout the day to stay maximally informed — drilling down on complex issues, keeping up with breaking news and downloading research and data. About ArizentArizent is a business information company that advances professional communities by providing insights and analysis and convening industry leaders. The company uses deep industry expertise and a data-driven platform to deliver its services, which include subscriptions, marketing services, live events, and access to Leaders, a digital content platform featuring livestream and on-demand formats. Arizent connects business communities through leading financial services brands like American Banker, The Bond Buyer, Financial Planning, and National Mortgage News, as well as professional services brands like Accounting Today, Employee Benefit News, and Digital Insurance. For more information, visit View original content to download multimedia: SOURCE Arizent
