Our Judging Panel is made of highly qualified professionals with a proven track record in fintech and remittances thoroughly selected by The RemTECH Awards organization. The independent Judging Panel will be responsible for determining the award’s Category Winners and Mentions between Friday, August 14th to Sunday, August 31st for The RemTECH Awards 2020.
The RemTECH Awards Organizers and input from partners and hosts determines every year the Category Titles and Descriptions. This year’s categories are:
- B2B Solutions
- Compliance Innovation
- End-User Experience
- Innovation for Africa
- Remittance for Social Impact
- Remittance Synergies
- Innovation In Time of Crisis
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.
Judges will score entries for entered category based on the following judging criteria:
- Originality, Creativity & Intent
- Functionality & Technical Qualities (how well does it work?)
- Ease of Use & Adoption (impact on end-user experience)
- Game-changer (potential impact in category and industry)
- Implementation & Performance (go-to-market strategy and entries with track record will be rewarded)
- 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)
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.
Each judge is provided one opportunity (for the entire awards) to select an entry as a Mention that guarantees that entry receives recognition. If that entry does not win an Award Category, they will receive a RemTECH Award Mention. We provide this option to judges to protect the tyranny of the majority. Judges will use this power highly selectively and do not have to award any of the entries with an Award Mention if they are not inspired to do so. Organizers are entitled 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.