IDC Financial Insights announces Financial Insights Innovation Award 2017 winners

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IDC Financial Insights has shared the 13 winners of the annual Financial Insights Innovation Awards (FIIA) at the Asian Financial Services Congress 2017. This year’s recipients were chosen for setting technological and business precedents to drive new, successful practices 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 past 18 months. Over a hundred highly-qualified submissions were received.

The merits of all submissions are measured by the FIIA Assessment Panel, composed of Financial Insights’ lead analysts, 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.

"2017 marks a phenomenal year in innovation among Asia’s financial institutions. We have received a substantial number of projects that emphasise the creation of shared commercial and technological ecosystems – this affirms IDC’s longstanding predictions that our market is rapidly shifting toward ‘open economies’. Cross-disciplinary synergies extending across multiple verticals has set new standards in value creation” says Ho Sui-Jon, the Program Director of the FIIA and a member of the IDC Financial Insights judging panel.

“Our winners this year were chosen not only because they have understood and acted on the disruptions in today’s economy, but have taken viable first steps in creating a future-proof business model to ensure their relevance in tomorrow’s world."

The following organisations were judged to have distinguished 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:

CTBC Bank: Asia/Pacific's Leader in Big Data Strategy
DBS Bank: Asia/Pacific's Leader in Digital Financial Services. DBS also won the Best Bank in Asia/Pacific award
E.SUN Commercial Bank: Asia/Pacific's Leader in E-Commerce Integration
Great Eastern Life Assurance Company: Asia/Pacific's Leader in Insurance Enterprise Transformation
Hong Leong Bank: Asia/Pacific's Leader in Cashless Collaboration
Krungsri Consumer (Bank of Ayudhya): Asia/Pacific's Leader in Card Analytics
OCBC Bank: Asia/Pacific's Leader in Smart Payments Experience
Standard Chartered Bank: Asia/Pacific's Leader in Bank Enterprise Transformation
Taishin International Bank: Asia/Pacific's Leader in Mobile Banking

View the full list of winners below:

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