Judging Criteria
The Asia Pacific Digital Economy Institute, organizer of the TADS Awards, appoints two independent judging panels (“Awards Committees”) each year, one Awards Committee for each Award Category.
Awards Committee members are carefully selected to ensure the process is fair and objective, and will include experts from across the financial technology and financial services sectors. Each member of the Awards Committee is bound by a strict confidentiality agreement and are required to declare any conflict of interest in relation to applications over which they deliberate and to stand aside from deliberations where there is a conflict.
Awards Committee will select winners from the two Awards Categories based on the below judging criteria:
1. the judging criteria of the respective Award Category;
2. information provided in the application form, and
3. any substantiating evidence uploaded or shared with the application.
Each member of the respective Awards Committee will score entries independently and then review scores collectively to make a final decision.
Economic Viability
Best of Class TADS
For Asset Issuers
The methods of economic analysis used, including but not limited to the payback period method, internal rate of return method, and net present value method.
Ingenuity
Eco-System Excellence
For Service / Solution providers
The idea / solution in relation to the project is inventive, smart and easily adapts to being a practical application for users.
Innovation
Best of Class TADS
For Asset Issuers
The novelty of financial products which apply technology and creativity, and which utilize unique aspects of TADS to design a product that differs from the status quo.
Impact
Eco-System Excellence
For Service / Solution providers
The innovation has a material and sustained impact on the project as measured by directly or indirectly improving the competitive advantage of the underlying TADS and / or ability to improve the work process of the issuers.
Risk Management
Best of Class TADS
For Asset Issuers
The ability to manage risk on underlying investments in order to protect overall risk exposure of investors by issuers of such products. (TADS are essentially financial investment products.)
Practicality
Eco-System Excellence
For Service / Solution providers
The solution offers a practical way to effectively deal with some of the key challenges faced by issuers. The ability to deliver key value propositions and to bring results are vital.
Corporate Governance
Best of Class TADS
For Asset Issuers
The use by issuers of technology to enhance internal governance, improve transparency and accuracy to financial products. (Blockchain technology is core to TADS products.)
Compliance
Eco-System Excellence
For Service / Solution providers
The solution demonstrates the ability to enhance compliance with local and international regulations, in addition to specific client mandates.
Compliance
Best of Class TADS
For Asset Issuers
The demonstration of compliance in relation to local and/or international securities laws and regulations of their respective jurisdiction is fundamental. (TADS are considered as securities in most jurisdictions.)
Cost Efficiency
Eco-System Excellence
For Service / Solution providers
The cost efficiency of the solution, taking into account the scalability, sustainability and long term profitability of the solution. Cost efficiency is at the core empowering these factors.
TADS Rising Stars
Best of Class TADS
For Asset Issuers
Ecosystem Rising Stars
Eco-System Excellence
For Service / Solution providers