28 Oct 2024
BPI's D-VERSE platform, developed in collaboration with Celfocus, has won the Bronze award in the "Business Model Transformation" category at the 2024 Qorus-Infosys Finacle Banking Innovation Awards. This international recognition highlights the innovation and significant impact of D-VERSE, a digital asset marketplace that redefines the traditional business model of the banking sector and enhances financial literacy among its customers.
The D-VERSE project is a marketplace for digital collectibles, allowing customers to purchase collectibles using fiat currency, thereby democratizing access to the growing demand in this market. Fully developed in partnership with Celfocus and supported by a secure blockchain network (Polygon), D-VERSE has already attracted over 300 registered users, establishing BPI as a pioneer in integrating new technologies in the banking sector.
Teresa Silva Sousa, BPI's Director of Innovation, stated: “D-VERSE clearly demonstrates BPI's commitment to the digital economy, strategically positioning us in the emerging world of Web3. By democratizing access to digital assets, we are exploring new business models and testing emerging technologies that could have a significant impact on the banking sector. This award reflects our vision of a dynamic and leading bank, reaffirming our ongoing commitment to excellence and innovation in banking.”
“This award showcases the power of collaboration and innovation.” said Bruno Silva Santos, Global Business Development Director at Celfocus. “We share a common vision with BPI to transform the banking sector through technology. D-VERSE is an excellent example of how strategic collaboration between technology and banking can yield innovative solutions that meet current consumer needs.”
This project not only distinguished BPI from its competitors but also opened a new revenue stream, demonstrating how banks can adapt and thrive in the digital era. By offering a new way to engage with digital assets, BPI reinforces its commitment to innovation and the modernization of banking services.
The Qorus-Infosys Finacle Banking Innovation Awards recognize financial institutions at the forefront of banking innovation, highlighting projects that transform business models and introduce new products and services. This year, the awards featured 391 innovations from 177 institutions across 57 countries, showcasing the breadth and diversity of innovation in the global banking sector.
