This year, for the 26th time, Sparkasse Vest Recklinghausen offered awards for outstanding scientific work. Philipp Derwall, a former master's student from Münster, is one of the five winners who were honored by CEO Dr. Michael Schulte and his project manager Dirk van Buer at the ceremony on August 11, 2023 at the Sparkasse headquarters on Herzogwall.

Mr. Derwall was honored for his master's thesis " Der Zusammenhang zwischen digitaler Transformation und dem Geschäftserfolg von Banken," which he wrote at the Chair of Banking with Prof. Dr. Dr. h. c. Andreas Pfingsten. In his work, he examines the impact of banks' digitization efforts on their business success.

At the ceremony, which was also attended by Prof. Pfingsten, the award winners presented their work and discussed the exciting content with the guests.

The price, which has been awarded by Sparkasse Vest Recklinghausen since 1997, is endowed with 750 euros each for the award winners and 500 euros each for the supervising chairs.

Prof. Pfingsten: "We at the Finance Center Münster are pleased that Philipp Derwall was able to convince the jury with his great master's thesis, and we also see the sponsorship as recognition of our work."