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28 Nov 2016

IDC Asia/Pacific Insights Opens Nominations for the Financial Insights Innovation Awards 2017

SINGAPORE, November 29, 2016 – The Financial Insights Innovation Awards (FIIA) returns for its 12th year and IDC Asia/Pacific has announced that nominations are now open until January 9, 2017. With nearly a hundred highly-qualified submissions put forward in 2016, the FIIA program continues to be one of the most sought-after awards in the industry.

Through the years, the FIIA maintains 11 disciplines in which FSIs have the opportunity to distinguish themselves, namely the following awards: A/P Leader in Corporate Banking; A/P Leader in Next Gen Security; A/P Leader in Business Agility; A/P Leader in Digital Banking; A/P Leader in Digital Payments; A/P Leader in Customer Insights; A/P Leader in Risk Management; A/P Leader in Digital Transformation; A/P Leader in Technology Excellence; A/P Leader in Customer Experience and the most coveted Best Bank in Asia Pacific. In enforcing the highest level of transparency and impartiality in the evaluation process, each submission is reviewed by domain leaders of IDC Financial Insights as well as a panel of independent judges composed of industry thought-leaders and veterans.

Sui-Jon Ho, Program Director for the FIIA, states “The growing disintermediation of traditional financial services is a symptom of a converging ecosystem. Tomorrow’s consumer offerings will be increasingly defined (and differentiated) by the underlying partnerships from which they are conceived, and no single enterprise can wholly own a value proposition.”

Ho continues, “Make no mistake; this is a favorable development. We have witnessed new models of collaboration previously thought impossible due to barriers in regulation, technology and culture. Today’s liberalized, unfettered environment is reflected in our FIIA submissions this year – the pursuit of innovation is now less defined by processes of the past, but by value exploration for the future.”

To nominate a project, simply fill out the submission form, which can be found in the link http://www.ap.afscongress.com/2016/fiia-2017.html and send it to apfiia@idc.com. Deadline for submission of entries is on or before January 09, 2017.

The winners will be announced on 3rd March 2016 at the 2017 IDC Asian Financial Services Congress (AFSC) to be held at the Marina Bay Sands Convention Center, Singapore.

Centered on the theme of ‘Trust’, the congress will feature Asia’s top financial institutions that have set new precedents in the use of technology to augment their business with truly leading-edge value propositions.

“As competitive threats persist, Asia’s FSIs are driven to evolve further, using early victories in Digital Transformation as foundations to push the boundaries of innovation,” says Michael Araneta, Associate Vice President, IDC Financial Insights.

To know more about the Financial Insights Innovation Awards, please contact Sui-Jon Ho sjho@idc.com. To attend the Asian Financial Services Congress 2017, contact hlooi@idc.com. For media inquiries, please contact Tessa Rago trago@idc.com or Alvin Afuang aafuang@idc.com.

-Ends-

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 7974586

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