Author: Andrea Fiano

Global Finance names the World’s Best Internet Banks in North America 2011

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NEW YORK, July 22, 2011 – Global Finance has announced the First Round winners in the “World’s Best Internet Banks” competition in North America. This is the 12th year Global Finance has named the World’s Best Internet Banks. Details on all First Round winners will be published in the September issue. First Round winners include Best Corporate/Institutional Internet Banks and Best Consumer Internet Banks at the country level. The Regional and Global winners for these categories will be announced at an Awards Ceremony in New York City in November and published in the December issue of Global Finance. Also announced were Regional winners in Sub-Categories. Global winners in the Sub-Categories will also be announced at the Awards Ceremony and in the December issue. The list of First Round winners follows.

Winners were chosen among entries evaluated by a world-class panel of judges at Infosys. Global Finance editors were responsible for the final selection of winners in the First Round.

Only banks that entered the competition were considered for awards, and awards were only given in those regions, countries and categories in which there were entries.

Winning banks were selected based on the following criteria: strength of strategy for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from Internet initiatives, and web site design and functionality. Category winners, such as “best online cash management” were selected based on the relative strength and success of those web products and services.

“In less than a decade, the Internet has transformed the way many consumers and most businesses bank,” says Joseph D. Giarraputo, publisher of Global Finance. “The continuing improvements in Internet offerings represented by this year’s entries show that more significant Internet banking developments are still ahead of us.”

For Awards Dinner ticket information please contact: Chris Giarraputo, chris@gfmag.com

For editorial information please contact: Andrea Fiano, Editor, afiano@gfmag.com

COUNTRY WINNERS: Best Consumer Internet Banks
Canada Royal Bank of Canada
United States Wells Fargo

COUNTRY WINNERS: Best Corporate/Institutional Internet Banks
Canada Citi
United States Wells Fargo

REGIONAL SUB-CATEGORY WINNERS: Best Consumer Internet Banks
Best Online Deposit, Credit and Investment Product Offerings Wells Fargo
Best Bill Payment & Presentment Wells Fargo
Best Web Site Design Royal Bank of Canada
Best Integrated Consumer Bank Site Royal Bank of Canada
Best Information Security Initiatives Wells Fargo
Best in Mobile Banking CIBC
Best in Social Media Wells Fargo

REGIONAL SUB-CATEGORY WINNERS: Best Corporate/Institutional Internet Banks
Best Investment Management Services Citi
Best Online Cash Management Citi
Best Trade Finance Services Wells Fargo
Best Web Site Design HSBC
Best Integrated Corporate Bank Site Citi
Best Information Security Initiatives HSBC
Best in Mobile Banking Wells Fargo
Best in Social Media Citi