GIC and Standard Chartered Bank Named Winners of the Red Hat APAC Innovation Awards 2020 for Singapore
Recognized for their transformative projects and technological achievements experienced through the use of Red Hat's open source solutions
In response to the recent global events that are causing consumer shifts, many organizations are accelerating their digital transformation efforts to adapt. In a
Since there is no one-size-fits-all blueprint for digital transformation, this year’s Red Hat Forum Asia Pacific aims to inspire organizations to unleash the power of open source technologies to achieve their short-term goals and future-proof their business for the next normal. To support that, the Red Hat APAC Innovation Awards 2020 recognize the technological achievements of organizations that demonstrate creative thinking, determined problem solving and creative use of Red Hat solutions to make a difference in their business, industry or society.
The winners were selected based on the impact of their Red Hat deployments on their business goals, industry and communities, as well as the uniqueness of vision for the project. They displayed how open source platforms and culture have helped them improve productivity, agility and cost savings, while empowering them to address future challenges and emerging trends more confidently and effectively. This year’s awards honored 27 APAC organizations across five categories: digital transformation, hybrid cloud infrastructure, cloud-native development, automation and resilience. This year’s winners for
Categories: Digital Transformation and
GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. Headquartered in
As part of a digital transformation roadmap, the
GIC deployed Red Hat OpenShift Dedicated as its fully-managed enterprise grade container platform on AWS to host some of its critical IT solutions, complemented by other solutions, Red Hat Ansible Automation Platform and Red Hat Enterprise Linux. As a result, GIC was able to create a robust and scalable infrastructure with predefined service-level agreement (SLA), reduce its total cost of operations over the long term, develop more efficient processes and enhanced security.
Category: Digital Transformation and
Winner: Standard Chartered Bank
Standard Chartered is a multinational banking and financial services company. It operates in 60 markets and employs around 86,000 people.
The bank needed to transform and disrupt emerging markets by ramping up its digital capabilities for its online and mobile banking channels. It also aimed to provide better customer satisfaction in regions with increasing digital penetration like GCNA (
The bank’s RPBWM (Retail, Private Banking & Wealth Management) Digital Channels team, supported by
By adopting Red Hat OpenShift, the bank saw a reduction in infrastructure cost, the ability to scale up and support a several-fold increase in traffic, reduced time to deploy and go-to-market for applications, and a greatly simplified production rollout and recovery process.
The platform also played a critical role in the rapid roll-out of digital banking capabilities for several countries in the AME region by improving overall time-to-market and reduced total cost of ownership.
The Digital Transformation category recognizes organizations that have successfully addressed IT challenges and delivered business value to effectively compete as a digital enterprise.
“2020 has been a year of uncertainties – but also possibilities. It’s inspiring to see how organizations in
“As a multinational bank, Standard Chartered has the responsibility of providing a seamless digital experience so our customers across
- Read more Red Hat customer success stories
- Learn more about the Red Hat APAC Innovation Awards 2020
- Learn more about Red Hat Forum Asia Pacific 2020
Connect with Red Hat
- Learn more about Red Hat
- Get more news in the Red Hat newsroom
- Read the Red Hat blog
- Follow Red Hat on Twitter
- Join Red Hat on Facebook
- Watch Red Hat videos on YouTube
- Follow Red Hat on LinkedIn
About Red Hat, Inc.
Red Hat is the world’s leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers integrate new and existing IT applications, develop cloud-native applications, standardize on our industry-leading operating system, and automate, secure, and manage complex environments. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. As a strategic partner to cloud providers, system integrators, application vendors, customers, and open source communities, Red Hat can help organizations prepare for the digital future.
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company or its parent
Red Hat, Red Hat Enterprise Linux, the Red Hat logo,
1Harvard Business Review Analytic Services Briefing Paper for Red Hat, “Understanding APAC’s Success in Digital Transformation”,
+65 - 91083044
Source: Red Hat, Inc.
+65 - 91083044