Following the success of the inaugural Ethical Finance Innovation Challenge and Awards, or Efica, in 2013,
The awards fall into three categories — the
They are designed to inspire real change in the financial services industry by recognising and rewarding innovation that can be put into practice.
Entries are being accepted from any institution, research centre, or individual interested in shaping the finance industry within an ethical framework with prizes of up to
Tirad Al Mahmoud, chief executive officer of ADIB, said: "There is a hunger for more ethical and straight-forward banking in diverse markets. Innovation will be a driving force to bring us closer to meeting this demand and develop sustainable financial solutions that make a positive difference in the world. The Efica aim to inspire this kind of innovation and honour people who are thinking creatively and working hard to improve current practices, and therefore to encourage progress across the industry."
Most Popular Stories
- New Hershey's Logo Revealed
- Americans Still Pessimistic Despite Economic Growth
- Illinois Issues Fracking Rules
- Obama's Delay on Immigration Creates Uncertainty
- Startups Offer Smartphone Banking Apps
- 'Longmire' Cancelled, Looks for New Network
- Clippers Deal Started With 2 Numbers
- Hip-Hop Takes Up Ferguson Cause
- Mexico's Pemex Forecasts 6.7% Drop in 2014 Crude Production
- Echeveste Steps Down, Perez Steps Up at VPE