The Innovators 2015 - Transactions Services, is Global Finance's annual listing of key innovations in treasury and transaction services.

Author: Denise Bedell
Consumer/Financial Institutions | The Innovators 2015 - Transaction Services
The firms shown in the slideshow are honored for launching products or services that are transforming the transaction services landscape. Global Finance uses the OECD's Oslo Manual Of Innovation to evaluate honorees.

Categories Of Innovation*


A good or service that is new or significantly improved. This includes upgrades in technical specifications, components and materials, software, user friendliness or other functional characteristics.


A new or significantly improved production or delivery method. This includes changes in techniques, equipment and/or software.


A new marketing method involving significant changes in product design or packaging, product placement, product promotion or pricing.


A new organizational method in business practices, workplace organization or external relations.

*From the OECD Oslo Manual Of Innovation


Banco Agrícola amigo” & “Banquero amigo” | Financial Correspondents Model For Financial Inclusion

Category of Innovation: Process/Marketing

“Banco Agrícola amigo” and “Banquero amigo” aim to increase banking for the unbanked by using a financial correspondents model for banking services.

Banco Agrícola is providing services and banking transactions, and offering savings solutions and other financial products, via diverse commercial establishments in locales across El Salvador, thus providing banking solutions to communities that previously did not have immediate access to financial services—promoting development, sustainability and financial inclusion.

Banco Industrial Logo

Transferencias Moviles” | Mobile Transfers Access For The Unbanked

Category of Innovation: Product

“Transferencias Moviles” for mobile remittance allows customers to send money to anyone who owns a cellphone in Guatemala.

The receiver can cash out via any Banco Industrial ATM without the need for a credit or debit card—using their mobile phone. This enables money transfers from banked customers to any person (banked or unbanked).

	Emirates NBD Logo

DirectRemit Remittance Service

Category of Innovation: Product

DirectRemit provides fee-free cross-border money transfers within 60 seconds to accounts with Emirates NBD partner banks in certain countries and transfers within one day to accounts held with other banks.

The system uses a secure Web service integration with partner banks via API & XML-based architecture, providing near- real-time transfers and an enhanced user experience. DirectRemit is now available between the UAE and India, Pakistan and the Philippines (all very large remittance markets), with other countries scheduled for development.

Fidor Bank Logo

Block Chain Solution | Global Money Transfers

Category of Innovation: Product

Fidor Bank, based in Germany, is the first fully licensed bank to integrate an open source, distributed, consensus ledger (a blockchain, as is used with crypto- currencies) to make secure payments.

The bank integrated Ripple Labs’ block- chain protocol for payments and plans to use it as a backbone for global money transfers—and make use of its near-real-time settlement capabilities to support interbank payments.

WestPac (Fiserv) Logo


Agiliti UK Banking Platform

Category of Innovation: Product

The modular, software-as-a-service (SAAS) retail banking platform enables new players to enter the UK banking and financial services market quickly, and helps existing financial institutions to rapidly expand their product offerings, digital experience and service models.

A new banking system that could have taken two or three years to build can be implemented in as little as six months.

Lendstar Logo


P2P Social Financial Network

Category of Innovation: Product

Lendstar is a global, Peer2Peer social financial network, where “friends” can borrow, collect, prepay, split, send and spend money in real time.

It is a free app that can be linked to bank accounts for managing funds transfer. The firm has also launched a Lendstar prepaid credit card.

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