About SKOCH BFSI Award for Financial Services
Many would not know that the National Stock Exchange (NSE) was the first to introduce the Parallel Risk Management System (PRISM) during the early 1990s to manage the risks of millions of parallel transactions. For this, NSE had identified a group of technology geeks who visited the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT) to study their risk management system. Upon return, an incubation centre was set up at IGIDR with seven small machines and a mother computer – they called it Snow White and the Seven Dwarves and thus was born PRISM.
The Bombay Stock Exchange, though, was formed in 1875, but for over a century remained paper-based till such time in the mid-1990s, BSE On-Line Trading (BOLT) was introduced.
Many would also not know that SKOCH was the only organisation documenting this change as it unfolded during the early 1990s – both on paper and video.
Contributions made by legendary Dr R H Patil, who was one of the founding fathers of NSE and the Clearing Corporation of India (CCIL) are also lesser known. We have had insights into his contributions and extensively documented it while he lived. Indian financial markets owe deeply to Dr Patil for where India is. NSE today is 4th largest exchange in the world and BSE the fastest in trading speed of 6 microseconds. Next, the Indian stock market is set to shift to world’s fastest settlement cycle.
SKOCH documentary on dematerialisation efforts unleashed by the National Securities Depository Limited (NSDL) remains the only one to date.
The above has completely changed and transformed the entire landscape of financial markets, which have grown and matured in the last two decades. We have witnessed this change and captured every aspect of it – stock exchange, depository, clearing corporation, and broking.
These have become global case studies. Additionally, we published a book on BSE, INCLUSION magazine supplements on NSE and several case studies covering depository participants and custodians.
Many more stories are unfolding by the day, waiting to be noted. Yours may be one of those outstanding successes that could have an immense amount of learning for others. These then should be told, discussed, identified, recognised and published to join luminaries that have definitively changed the face of the Indian markets. Apply for SKOCH Award and shine brighter than the others.
Apply for SKOCH BFSI Award for Financial Services
We are looking forward to know about your extraordinary work and contributions to the industry. Do share your details:
Early Bird: 30th October 2024
Last Date: 15th November 2024
Stock Exchange of the Year:
- Financial Performance
- Capital Raising
- Product Development
- Liquidity, Efficiency, Capacity
- Corporate Governance
- Strategy & Delivery
- Risk Management
- Market Access, Connectivity & Technology
Financial Derivative Exchange of the Year:
- Financial Performance
- Volume Growth
- Liquidity
- Efficiency, Capacity Delivery
- New Product Offering
- Risk Management
- Market Access, Connectivity & Technology
Trading Platform of the Year:
- Sustainable Business Performance
- Geographic & Asset Class Coverage
- Technological Innovation
- Liquidity
- Cost
- Trading Functionality
- Risk Management
Alternative Trading System of the Year:
- Financial Performance
- Liquidity
- Risk Management and Mitigation
Commodities Exchange of the Year:
- Financial Performance
- Volume Growth
- Liquidity
- Efficiency, Capacity & Delivery
- New Product Offering
- Risk Management
- Market Access, Connectivity & Technology
SME Exchange of the Year:
- Financial Performance
- Volume Growth
- Liquidity
- Efficiency, Capacity & Delivery
- Risk Management
- Market Access, Connectivity & Technology
Trading & Reference Data Provider of the Year:
- Financial Performance
- Data Delivery
- System Characteristics
- Risk Management
Financial Markets Tech Implementation of the Year:
- Implementation Process
- Quantitative Outcome
- Qualitative Outcome
Clearing House of the Year:
- Financial Performance
- Clearing Capabilities
- Customer Service
- Collateral Management
- Risk Management
Central Securities Depository of the Year:
- Financial Performance
- Core Issuer Solutions
- Customer Service
- Collateral Management
- Risk Management
Custodian of the Year:
- Financial Performance
- Asset Servicing & Safekeeping
- International Presence
- Customer Service
- Post-Settlement Facilities
- Technology
- Risk Management
Sub-Custodian of the Year:
- Financial Performance
- Asset Servicing & Safekeeping
- International Presence
- Customer Service
- Global Custodian
- Post-Settlement Facilities
- Technology
- Risk Management
Best Derivative Provider of the Year:
- Financial Performance
- Customer Service
- Volume Growth
- Technology
- Risk Management
Trading, Risk & Portfolio Management:
- Traded Commodity Markets (all products)
- Energy Markets
- Industrial Metals
- Precious Metals
- Agricultural & Softs Markets
- Emission Markets
- Renewable Energy
Commodity Market Development:
- Risk Exposure Mitigation
- Commodity Finance & Structured Products
- Market Policy & Advisory
- Data Management
- Commodity Trading and Operations Management
- Commodity Logistics
- Commodities: Legal
Commodity Transactions Management:
- Commodity Deal of the Year
- Commodity Broker of the Year
- Commodity Research House of the Year
- Commodity House of the Year
Leadership in Financial Markets:
- Leadership in Stock Markets
- Excellence in Block Trading
- Excellence in ETF Trading
- Excellence in Electronic Trading
- Best ETF Platform
- IPO of the Year
Merchant Banks:
- Financial Performance
- Product Development
- Corporate Governance
- Risk Management
Brokerages:
- Financial Performance
- Product Development
- Corporate Governance
- Risk Management
- Market Access
- Connectivity & Technology
- Trading Functionality
- Customer Service
Pension Funds:
- Financial Performance
- Product Development
- Corporate Governance
- Risk Management
Institutional Investors:
- Financial Performance
- Product Development
- Corporate Governance
- Risk Management
- Trading Functionality
- Market Policy & Advisory
Private Equity:
- Financial Performance
- Corporate Governance
- Risk Management
- Qualitative Outcome
Hedge Funds:
- Financial Performance
- Product Development
- Corporate Governance
- Risk Management
- Trading Functionality
Mutual Fund:
- Large Cap Mutual Fund of the Year
- Mid Cap Mutual Fund of the Year
- Small Cap Mutual Fund of the Year
- Flexi-Cap Mutual Fund of the Year
- Debt Fund of the Year
- Hybrid Fund of the Year
- Equity Oriented Fund of the Year
- Short Duration Mutual Fund of the Year
- Most Investor Friendly Mutual Fund of the Year
- Mutual Fund With the Best Retail Reach
- Best Mutual Fund for Institutional Investors
- Best Mutual Fund for Individual Investors
Past SKOCH BFSI Events
Dialogue of the Titans – Digital Cities, Digital States, Cloud & Cognitive Services, Thought Leadership: Financial Technology 2022, Thought Leadership: From Digital Payments to Digital Economy, Smart City & Swachh Bharat Risk Appreciation and Decision Making, Digitisation and Cyber Security
Read More
Timed with the completion of two-years of Narendra Modi government and the ground covered by some of the most important national programmes, Skoch is organising the 44th Skoch Summit at Mumbai. Key Sessions are as follows: Sabka Saath, Sabka Vikas, From Dashboards to Delivery, Accelerating Electronics Manufacturing, Accelerating Electronics Manufacturing, Ubiquitous Connectivity, Ubiquitous Digital Seva, Dialogue of the Titans – Team Digital India.
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The task for the new government is already cut out. On the one hand, it needs to kick start growth through a host of measures including improving sentiments, fuelling investments both foreign and domestic and spurring savings. On the other, flagging poverty levels, increasing disparities, social sector inefficiencies and ineffective public private partnerships (PPPs) need to be shored up. But at a more specific level, the new mantra of inclusive growth for any new government must take a 360 degree view. That would include: kick starting infrastructure development and debottlenecking, ensuring that education reaches greater sections of the society, a new vision for banking the unbanked, corporate social responsibility (CSR) spends reaching the intended beneficiaries and women empowerment.
Read More
A serious stocktaking on fast-tracking investment and reforms in key sectors of agriculture, infrastructure, power, banking, insurance, pensions and capital markets are needed to lift India’s growth rate to the Planning Commission’s projection of over 8 per cent during the Twelfth Five-Year Plan. The growth has to be inclusive, it must lead to reduction in poverty and has to be environment friendly. The 32nd Skoch Summit is designed as an occasion to rethink and reflect on bolder reforms that are required to revive the ‘animal spirits’ of Indian economy. The Summit will shine a new light on some core areas that are central to attaining an inclusive 8 per cent annual GDP growth.
Read More
The objective of the Summit was to bring the focus of financial inclusion back to poverty alleviation and inclusive growth rather than a mere no-frill account opening exercise, most of which still remain unused. The Summit saw the release of Part II of the ongoing study “Revisiting Financial Inclusion”. The Skoch Development Foundation planned specialized conclaves on financial inclusion for minorities, gender response to budgeting and poverty alleviation on the sidelines of the Summit.
Read More
The call for India decade is a call for action from all stakeholders in India’s growth. Concerted action in this decade alone can help achieve an economic superpower India in the decade to follow. The 23rd Skoch Summit looks at the issues of reaching and sustaining near double-digit growth rates through the prism of financial inclusion, managing inflation, technology infusion, infrastructure development, improved governance and an enabling policy framework.
Read More
Keeping the continuum of charting the development agenda for the nation, identifying challenges and brainstorming the possible way of moving forward the 20th Skoch Summit BFSI put together all the relevant stakeholders to ideate on “Inclusive Growth 2.0”. Given the timeliness and subject appropriateness of the 20th Skoch Summit for an incoming government, we were embraced by over 300 senior level delegates including Chief Secretaries and Power Secretaries from States, Municipal Commissioners from JNNURM cities, senior bankers, academia, economists and media.
Read More
The 14th Skoch Summit BFSI, 5th-6th June 2007, Mumbai, brought together the most popular conference trilogy built around “Looking at Core and Beyond” facilitated by Dr. D. B. Phatak of IIT Mumbai, top CEOs and domain experts from banking and insurance sector shared their vision; “e-Security and Disaster Management” facilitated by Prof. H. Krishnamurthy, Principal Research Scientist, Indian Institute of Science. Domain experts from KPMG, Ernst & Young, HP, Oracle and Sun deliverd rich content and tutorials while CCA and CERT-In defined the regulatory and legal framework; and, “Need for Full Spectrum Implementation” brought together a never before galaxy of thinkers and practioners who deliberated on hurdles and solutions, strategy and sustainability issues.
Read More
To help the existing leaders from the Banking and Financial Sector learn not just from best practices of each other but from experiences in other countries as well and to help groom the emerging leaders in our banking financial services industry, a unique Combination of events: “Capacity Building Workshops and Tutorials” & “Conference on Strategies for Sustainable Growth” held on the 15th and 16th of June 2005 at the Taj Lands End in Mumbai.
Read More
The First Skoch Financial Technologies Summit, a unique Trilogy of 3 events: “Capacity Building Workshops and Tutorials”; “Conference on Strategies for Sustainable Growth”; & “Solutions Showcase” was held on the 15th and 16th of June 2004 at the Taj Lands End in Mumbai.
Read MoreMethodology for SKOCH BFSI Award for Financial Services
We at SKOCH, strive to maintain the highest levels of integrity and confidence for all nominees and awardees. SKOCH Award Methodology as is follows:
Stage 1 – Nomination & Registration
You are requested to nominate your initiatives for SKOCH BFSI Award. Nominations to be made using the online link along with mandatory conference delegate registration (Rs. 40,000 INR + GST@18% for 4 Delegates).
Apply NowStage 2 – Research & Validation
SKOCH Research team will verify the details and correctness of the nomination, do desk research, take telephonic feedback and use SKOCH domain knowledge.
Stage 3 – Interaction with Jury
Face to face interaction of the shortlisted nominees via virtual session with the panel of domain experts. Experts make ratings and these are added to the score of the nominee's score.
Stage 4 – Popular Vote
SKOCH Team will create and publish page for shortlisted nominees for popular voting. Popular vote is to help organisations create a buzz around one’s good work with peers, colleagues and benchmark popularity against the peers from other organisations.
Stage 5 – Merit List
Semi-finalists are announced and Order-of-Merit list is published on the website by SKOCH Team. All Order-of-Merit recipients to be invited for Summit and Award ceremony to receive Order-of-merit certificates and also compete for the coveted SKOCH Award which will be announced on the same day.
Stage 6 – Expert Vote
All finalists are invited to participate in the online digital exhibition and solicit Expert Votes. A Weightage of 10% would be added in the total score from this activity. SKOCH Team will create pages on the exhibition portal along with additional material provided by the nominees.
Stage 7 - Live Voting
This is the last step happens on the day of the conference and award ceremony where delegates attending the conference would vote for the nominees. 10% Weightage of this is added in the score.
Stage 8 – Way to Final
Using SKOCH Award raking system, a cutoff is decided and final awardees are announced and conferred SKOCH Award during the Conference and Award Ceremony.
FAQs for SKOCH BFSI Award for Financial Services
SKOCH Award remains the most credible independently instituted award in the country for the last 25-years. Its receivers have come from across the political spectrum and party lines. It has been conferred on the ordinary and mighty alike. Each SKOCH Award recipient has been doing phenomenally well in their respective areas.
Our methodology and evaluation spans four months - more than any other award in the country. Our experts and juries are domain experts and devote hours and days of their time evaluating each project in great detail as opposed to celebrity juries, which don't provide either time or commitment to the process.
All judges give 10/10 combined score
Jury and Peer Evaluation coming to 10/10 score
SKOCH Order-of-Merit score is 10/10
SKOCH Award score is 10/10
All scores are confidential and not shared with anyone including the nominees
Often, people lose out on awards due to a fraction of scores and hence, these scores from the exhibition become even more crucial.
SKOCH Award isn't based on any commercial considerations. Participation in exhibition doesn't influence the jury decision. It can, however, provide precious marks, which often make the difference between a winner and a loser.
Exhibition participation provides another unmatched opportunity to learn from the best practices in your industry. Nothing delivers on sharing best practices better than exhibition.
Moreover, we encourage people to adopt more and more contemporary technologies and move forward with the times to digital inclusion.
Exhibition is an integral but an optional part of the process. There are enough number of award winners, who didn't participate in exhibitions.
Documentaries - SKOCH BFSI Award for Financial Services
NABARD - Financial Inclusion
2009 08:19
RBI - Towards Financial Inclusion
2005 08:28
R. H. Patil - The Miracle Man of the Markets
2006 06:08
NSDL - Re-Engineering Mindset
2005 08:29
