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Business involves communication, transportation, and more fields, making it a complex web of processes. The technologies pertaining to other fields only pushed business further. Globalization has been realized because of the wonders of technology. Anyone can now do business anywhere within being constricted to the four corners of his room.

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Last month announced the winners of its first Technology Awards recognising innovative solutions for business. The awards ceremony, held at London’s Vinopolis, was attended by representatives of the banking and technology industries from the UK and overseas. The overall winners accept their awards from financial services consultant Chris Skinner and Parveen Bansal, ’s technology editor.

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It uniquely combines the robust account management of a banking app with the intuitive budgeting features that you need to stay on track. Role: Research, UX, Visual Designer - self-directed project

The Role of Information Technology on the Banking …

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From revamping the humble ATM to eradicating time-consuming coin transactions, the banking world's technology teams have surpassed themselves over the past 12 months when it comes to problem solving and money saving. The Banker's Innovation in Banking Technology Awards celebrates those behind the industry's brightest ideas.

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Each year, The Banker’s Technology Awards gather entries from around the world and this year was no exception with more than 300 entries covering all regions from Asia, America, Europe and the BRIC economies – a record. The variety of entries has demonstrated that banks worldwide are rising to the twin challenges of meeting customer demands and regulatory requirements by implementing new solutions and innovating across channels and markets. This year’s awards recognise these successes and identify the most likely technologies that banks should be watching carefully for the next year.

Mauro Macchi is Financial Services ICEG lead

As global banking and regulatory requirements continue to grow, so too does the demand for innovative technology solutions. The days of in-house software development are limited as more and more organisations look for packaged technology solutions that can be easily implemented and integrated to solve real business problems. Keeping up with technology innovations is important if businesses are to remain agile.

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The role of technology in business caused a tremendous growth in trade and commerce. Business concepts and models were revolutionized as a result of the introduction of technology. This is because technology gave a new and better approach on how to go about with business. It provided a faster, more convenient, and more efficient way of performing business transactions.

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IT teams from all corners of the banking world have proven more inventive than ever over the past 12 months, while the role of technology providers is growing in importance. s Innovation in Banking Technology Awards celebrates those behind the industry’s brightest ideas and most capable platforms and systems.

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From collaborative software development to running risk calculations on lightning fast graphics chips, IT teams from all corners of the banking world have proven more inventive than ever over the past 12 months. The Banker's Innovation in Banking Technology Awards celebrates those behind the industry's brightest ideas.