Red Hat Honours CIMB Bank Malaysia for Pioneering Open Source Initiatives at the Red Hat APAC Innovation Awards 2024 for Malaysia

Red Hat, Inc., the world’s leading provider of open source solutions, announced the winner of the Red Hat APAC Innovation Awards 2024 for Malaysia today. Red Hat recognised the noteworthy milestones achieved by CIMB Bank Malaysia for their innovative use of Red Hat solutions to address the evolving needs of their customers.

In an ever-evolving global business landscape, the Asia Pacific region (APAC) remains resilient and is, in fact, in the midst of rapid growth. With its dynamic economies, diverse cultures, and vast consumer bases, APAC’s promising territories present growth opportunities for businesses big and small alike. Technology remains a pivotal factor in shaping the business landscape, helping enterprises scale and innovate.

Embodying this year’s theme, “Unlock what’s next”, the Red Hat APAC Innovation Awards celebrates customers who have harnessed the power of open source technologies to drive transformation and innovation. These customers are recognized for demonstrating how enterprises can overcome the dual challenge of managing escalating infrastructure costs alongside evolving business demands. These awards also celebrate the achievements of 31 winners across all 11 countries, showcasing how businesses across the region have successfully leveraged Red Hat solutions to overcome challenges and pioneer new customer-centric solutions.

According to the Red Hat 2024 Global Tech Trends, the top funding priorities for businesses across the APAC region are building cloud-native applications, improving digital user experience and accelerating application/service delivery.  These findings highlight the importance of innovative solutions in the awards’ five key categories that reflect areas that can empower organizations to navigate business challenges faced today: Digital Transformation, Hybrid Cloud Infrastructure, Cloud-Native Development, Automation, and Resilience.

The winners were chosen for their outstanding use of Red Hat solutions, demonstrating significant contributions to their business objectives. Each organization exemplifies the transformative potential of open source technology, pioneering advancements in business processes, enhancing productivity, fostering innovation and fortifying resilience in the face of challenges. Their success stories underscore the pivotal role of Red Hat in empowering enterprises across the APAC region to achieve unparalleled growth through strategic deployment of open source solutions.

Category: CIMB Bank Malaysia

Winner: Digital Transformation and Hybrid Cloud Infrastructure

In the rapidly evolving financial landscape, CIMB Bank recognises that technological advancement is crucial in realising their bank’s strategy. With a steadfast commitment to fortify their operations, they focused on harnessing new technologies to proactively mitigate potential disruptions and elevate their ability to serve customers and stakeholders effectively. Since 2023, the Bank embarked on a transformation journey aimed at enhancing operational resilience and realising systems stability.

To address this, CIMB has partnered with Red Hat to modernize its systems. By adopting Red Hat OpenShift as its containerized, secure platform, CIMB has gained the agility and efficiency to thrive in this competitive industry.

Supporting Quotes
Marjet Andriesse, senior vice president and general manager, APJC, Red Hat

“Despite the uncertain economic conditions in 2024, we have seen the remarkable milestones achieved by our customers. This year, we want to highlight the innovative strides of these organisations at the Red Hat APAC Innovation Awards 2024 as they leverage advanced technologies to drive business initiatives. Open source remains the key to help organisations uncover what is next and pave the way for success with the right tools and expertise.”

Ros Aziah Mohd Yusoff, Group CTO, CIMB Bank Malaysia
“The transformation journey after deploying Red Hat OpenShift was a success for us. The standardised platform has not only reduced costs and risks on an organisational level, but also paved the way for continuous innovation and business growth.”