Judging Rules & Criteria

Our Judging Panel is made of highly qualified professionals with a proven track record in fintech and remittances thoroughly selected by The CrossTech Innovation Awards organization. The independent Judging Panel will be responsible for determining the award’s Category Winners and Mentions between Friday, September 14th to October 14th for The CrossTech Innovation Awards 2022.

CATEGORIES

The CrossTech Innovation Awards Organizers and input from partners and hosts determines every year the Category Titles and Descriptions. This year’s categories are:

All entries must be submitted by the published end date. Entries will have chosen a Main Category and a Secondary Category submitting different explanations as to why they believe their product should win each selected category. Main Category will be given priority to the entry, but entries might also be placed in other categories by organizers and communicated to entrants.

JUDGING CRITERIA

Judges will score entries for entered category based on the following judging criteria:

  1. Originality, creativity & intent of concept
  2. Value to industry (how well does the innovation address a clearly defined problem, desire, or opportunity)
  3. Marketing of innovation (quality of story, size of reach, creativity in campaigns, targeted channels)
  4. Game-changer (potential impact and disrupt in their category and remittance industry as a whole)
  5. Implementation & Performance (go-to-market strategy and entries with track record will be rewarded)
  6. Sustainability & Potential for Growth (sound business model and market opportunity)

A nine-point scale will be used where 1 = Exceptionally Poor (the lowest score), 2 = Poor, 3 = Weak, 4 = Low-Average, 5 = Average, 6 = High-Average, 7 = Strong / Good, 8 = Excellent, 9 = Exceptionally excellent (the highest score)

SCORING

Scores will be averaged together to determine each entry’s overall score. The entry with the highest score per category is the Category Winner. Some judges may abstain from a category if they believe there is a conflict of interest or for any other reason. In which case, some categories may have more scores than others. In any case, the score overall score will be averaged.

AWARD MENTIONS

Each judge is provided one opportunity (for the entire awards) to nominate an entry as a Mention. If that entry does not win an Award Category, they have the opportunity to receive a CrossTech Innovation Award Mention, as a result. We provide this option to judges to give entries they deem notable to get recognized. Judges will use this power selectively and do not have to award any of the entries with an Award Mention if they are not inspired to do so. Organizers also have the ability to suggest mentions to judges if they determine that there is enough merit for an entry to be awarded a Mention. The Judges and Organizers will also each provide an explanation as to why they selected the entry for a Mention and all the proceedings will be kept and available for the entrants, sponsors & partners to ensure transparency.