Press release

Ascend Money and KBTG Honored as Red Hat Innovation Awards APAC 2018 Winners in Thailand

Recognized for their strategic use of open source innovation

Bangkok

Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced the winners of Red Hat Innovation Awards APAC 2018 for Thailand. Ascend Money and Kasikorn Business-Technology Group (KBTG) were recognized at the Red Hat Forum Bangkok on Jan. 30, 2019, for their outstanding and innovative use of Red Hat solutions.

The Red Hat Innovation Awards APAC celebrate organizations that have successfully transformed their IT infrastructure to address new customer demands, accelerate innovation, and drive business results.

Dirk-Peter van Leeuwensenior vice president and general manager, APAC, Red Hat

Inspired by the theme of the Red Hat Forum APAC 2018, “Ideas Worth Exploring,” the Red Hat Innovation Awards APAC recognize organizations that are modernizing and optimizing their IT infrastructure using open source to be more efficient, flexible and agile. Winners were selected based on the business value and impact delivered by their Red Hat deployments.

Categories: Modern Application Development and Digital Transformation

Winner: Ascend Money

Ascend Money is a Bangkok-based fintech company with reach across Southeast Asia that aims to improve the lives of the underbanked population and accelerate electronic payments in the region through its TrueMoney electronic payment system.

However, each of Ascend’s offices, which span six countries - Cambodia, Indonesia, Myanmar, Thailand, the Philippines and Vietnam - had its own way of deploying applications, making it impossible for them to deliver and reuse common services. 

With Red Hat Enterprise Linux, Red Hat OpenShift Container Platform and Red Hat Satellite, more than 400 of Ascend’s application developers across six countries can access a common platform and deliver application services faster and more efficiently, helping the company to better serve its 20 million users.

Category: Digital Transformation

Winner: KBTG

KBTG is the tech venture of Kasikorn Bank (KBank), one of Thailand’s largest banks, that works to connect fintech firms and tech startups. KBTG developed KPlus, Thailand’s most popular banking app with 15 million users. To boost its competitive advantage, KBank sought to make KPlus even more user-friendly, feature-rich and used by more people.

KBTG worked with Red Hat to deploy Red Hat Enterprise Linux, Red Hat JBoss Enterprise Application Platform (JBoss EAP), Red Hat AMQ, and Red Hat OpenShift Container Platform, giving it a flexible and agile foundation to bring artificial intelligence capabilities to KPlus, enabling customers to choose products and services that match their lifestyles. In addition, with an open standards-based technology structure, KBank can more easily connect with its partners’ platforms, enabling it to introduce more services to customers. By delivering enhanced features such as these, KBank hopes to expand its customer base by 2 million accounts a year for a total of 20 million accounts by 2021.

The Modern Application Development category recognizes the organization’s overall performance in creating, maintaining, and deploying successful business applications through the use of agile methodologies. The Digital Transformation category recognizes organizations that have successfully addressed IT challenges and delivered business value to effectively compete as a digital enterprise.

As part of the 12-stop Red Hat Forum APAC event series, winners for the Red Hat Innovation Awards APAC 2018 will be announced at each stop. Each event will recognize a maximum of two winning projects, with both enterprise and government organizations encouraged to participate.

Additional Resources

●      Learn more about the Red Hat Innovation Awards APAC 2018

●      Learn more about Red Hat Forum APAC

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About Red Hat

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.

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