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04 Mar 2016

IDC Announces the 11 Winners of the Financial Insights Innovation Awards at the Asian Financial Services Congress 2016

SINGAPORE, March 04, 2016 - IDC Financial Insights announces the 11 winners of the annual Financial Insights Innovation Awards (FIIA) at the Asian Financial Services Congress 2016. The recipients were recognized for setting technological precedents in the use of innovation to drive new, successful business cases within their peer ecosystems.

Every year, IDC Financial Insights invites financial institutions across Asia/Pacific to nominate their flagship initiatives which were undertaken within the last 18 months. With nearly a hundred highly-qualified submissions put forward in 2015, the FIIA program continues to be one of the most sought-after awards in the industry.

IDC Financial Insights recognizes the following organizations that have managed to distinguish themselves as having not only effective solutions that meet the challenges of today’s dynamic market conditions, but also in establishing altogether-new standards in the use of IT.

(From L-R) FIIA 2016 Winners: Mr. Vigrom Chaisinthop, TNIS Managing Director; Mr. Boonson Jenchaimahakoon, SEVP IT, Government Savings Bank; Dr. Raymond Kwong, CEO & Group Managing Director, Silverlake Axis; Mr. Friedman Wang, Senior Vice President, Global Retail Banking Credit Risk Management Division, CTBC Bank; (Behind) Mr. Cyrus Daruwala, Managing Director, IDC Financial Insights; Ms. Po-Hsuan Hsu, E.SUN Bank; Mr. Ng Peng Khim , DBS Bank, MD Technology & Operations IBG Tech Manager, DBS Bank; Mr. Kensuke Sugaya, Business Relationship Management Division, NN Life Insurance Company, Ltd.; (Raising trophy) Mr. Mike Power, Managing Director and Regional Head of Consumer Banking Operations, DBS Bank; Ms. Fiona Guscott, Head & Chief Underwriter, Underwriting Quality & Standards, MLC; Mr. Dominic Mascrinas, Chief Operating Officer of Group Strategic Support, Hong Leong Bank Berhad.

The merits of all submissions are measured by the FIIA Assessment Panel, comprising of Financial Insights’ lead analysts as well as independent judges from a panel of veteran industry practitioners and thought-leaders. The evaluation process subjects each initiative to a rigorous set of scoring metrics that takes into account its responsiveness to market needs, effectiveness of deployment, and market response and long-term business viability. 

"The rising quality of submissions we receive year after year affirms the fact that the standard of technological excellence has risen. Yet, the difference between 'success stories' that simply meet fleeting KPIs and actual, definitive IT best practices remains one that is seldom appreciated,” says Ho Sui-Jon, the Program Director of the FIIA and a member of IDC Financial Insights judging panel.

“Our winners this year have provided exemplary demonstrations of not just how to innovate and transform, but how to do so cohesively, in alignment with their businesses, competitive ecosystems, and structural limitations," ends Mr. Ho.

-Ends-

The Asian Financial Services Congress 2016 is organized by IDC Financial Insights Asia/Pacific. For more information about this event, visit www.afscongress.com. For media inquiries, please contact Tessa Rago trago@id.com or Alvin Afuang aafuang@idc.com.

About IDC Financial Insights

IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc-fi.com, email info@idc-fi.com, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-insights-community.com/financial

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.

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Contact
For more information, contact:

Theresa Rago
trago@idc.com
+65 91593053

Alvin Afuang
aafuang@idc.com
+63917 7974596

Sui-Jon Ho
sjho@idc.com
+603 7663 2145