Sagicor Bank (Barbados) has achieved unprecedented recognition in the financial technology sector, securing an impressive 18 awards from Global Finance magazine’s World’s Best Digital Bank Awards for 2025. The institution, which pioneered digital-only banking in Barbados, has been crowned the nation’s Best Consumer Digital Bank for the second consecutive year, demonstrating remarkable growth from its 10 awards in the previous cycle.
The prestigious international financial publication, established in 1987 and renowned for its financial industry authority, has conducted these awards for 26 years across multiple categories and regions. Sagicor’s accolades include Barbados’ Best Digital-Only Bank, Best Digital Payments Strategy, and Best in Lending—the latter marking a repeated triumph for the bank’s lending division.
CEO George Thomas characterized the awards as validation of the bank’s transformative approach to Barbados’ banking landscape. ‘When we first opened our doors, we committed to offering a better banking experience for Barbadians,’ Thomas stated. ‘We’ve built on last year’s progress by actively listening to our clients and adapting accordingly, resulting in this significant award increase from 10 to 18.’
Thomas extended congratulations to his team for their dedication and thanked clients and business partners for their continued support. The sentiment was echoed by Global Finance’s founder Joseph Giarraputo, who noted that award-winning institutions exemplify innovation in cloud technology and mobile-first strategies that deliver secure, personalized banking experiences.
The first-round honorees for Latin America and the Caribbean were announced in August 2024, with Sagicor now eligible for regional and global recognition in the second round. The ultimate winners will be revealed at the inaugural Global Finance World’s Best Digital Banks Awards Ceremony on October 7 at London’s historic 8 Northumberland Avenue.