Thursday, July 08, 2021/ 08:00AM / Fidelity
Bank Plc / Header Image Credit: Fidelity Bank Plc
All hands are on deck on Fidelity Bank's digital transformation journey as the Bank concluded the second edition of its Think and Pitch initiative last weekend. Think and Pitch is a bank-wide competition among staff, regardless of their level or department, to develop innovative ideas for a digital product, pitch these ideas before a jury for a chance to not only win amazing prizes, but to work towards bringing the ideas to reality.
This year's competition was themed - The Quest, and staff members were encouraged to collaborate in groups of 3 to pitch their ideas. Teams from across the nation sent in 2-minute videos to pitch their ideas. A first-level panel consisting entirely of staff across various levels was set up to shortlist 5 ideas. Panel members had one thing in common - a passion for digital solutions.
The top 5 finalists emerged from the judging process:
1. Team Savvy pitched a voice command product to reduce the incidence of fraud
2. Team Gen Z's pitch was for the customization of account numbers
3. Team Cobalt Wallet pitched an innovative peer-to-peer payment solution
4. Team EcoNeo pitched a digital alternative to traditional Banking methods
5. Team Pacesetters pitched a product that would convert airtime to cash.
All 5 finalists were invited to pitch their ideas in a live virtual event before the entire Bank and a jury made up of members of staff who have consistently championed digital transformation within the Bank. It was a tough call for the judges but ultimately, Team EcoNeo's idea emerged as the winning pitch, followed by Team Savvy and Team Cobalt Wallet.
In the words of the winners of the competition, Team Econeo, "It is indeed an honour to be one of the progenies, birthed on the podium you conceived. A platform that has, and will continue to curate the dreams and aspirations of the staff of this great institution".
According to the Nneka Onyeali-Ikpe, the Managing Director of Fidelity Bank Plc, "In the following weeks, all the finalists will be actively involved in bringing these ideas to life with support from the respective product teams". Staff inclusion remains a major thrust of the Workforce Transformation pillar highlighted by the Managing Director.
At Fidelity Bank, we recognize our staff as our most critical resource on our transformation journey and will continue to motivate them to be active participants.
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