• Press releases
  • DBS Bank and MyRepublic honored as Red Hat Innovation Awards APAC Winn...

DBS Bank and MyRepublic honored as Red Hat Innovation Awards APAC Winners for 2017

Commended for the positive impact created in accelerating innovation through open source

SINGAPOUR - —

Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced the 2017 winners of the Red Hat Innovation Awards APAC for Singapore. DBS Bank Limited (DBS) and MyRepublic Group Ltd (MyRepublic) were honored at the Red Hat Forum Singapore on 26 September for its outstanding and innovative use of Red Hat solutions.

Echoing the theme of the Red Hat Forum APAC 2017, “Impact of The Individual,” the Red Hat Innovation Awards APAC recognize and celebrate enterprises which use open source to address IT challenges, transform and modernize information technology to help accelerate innovation, and achieve greater agility and efficiency. All winners were evaluated by a panel of experts from Red Hat.

Categories: Modern Application Development and Digital Transformation

Winner: DBS Bank Limited

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered in Singapore, DBS has been immersed in the digital agenda with the belief that the banks of the future will look fundamentally different from the banks of today. From re-architecting its technology infrastructure to transforming its front end, DBS is seeking to become digital to its core. To help achieve this goal, DBS’ deployed Red Hat OpenShift Container Platform to provide agility and scalability. With a next-generation architecture, DBS is now able to build new applications and improve user experiences at a faster pace, and also deliver quicker enhancements or incremental services offerings to better compete in the digital world.

The Modern Application Development category recognizes DBS’ overall performance in creating, maintaining, and deploying successful business applications through the use of agile methodologies.

Categories: Cloud Infrastructure and Digital Transformation

Winner: MyRepublic Group Ltd

MyRepublic is an internet service provider (ISP), with operations in Singapore, Indonesia, New Zealand, and Australia. As the company was expanding, MyRepublic found it increasingly challenging to innovate and grow via its existing infrastructure. Using Red Hat OpenStack Platform, Red Hat Ceph Storage, and Red Hat CloudForms, MyRepublic created a more scalable cloud platform as part of its open hybrid cloud initiative. With its uniquely scalable and centralized framework enabling more seamless delivery of layered services, MyRepublic has become an innovator in the digital transformation for the telecom sector.

The Cloud Infrastructure category recognizes a collaborative public, private or open hybrid cloud deployment. The Digital Transformation category recognizes organizations that have successfully addressed IT challenges and delivered business value to effectively compete as a digital enterprise.

Since the inception of the Red Hat Innovation Awards APAC, Red Hat has witnessed more innovative use of open source solutions in the region. DBS and MyRepublic are using open source to transform its IT infrastructure, as well as to accelerate digital transformation.

As part of the 14-stop Red Hat Forum APAC event series, winners for the Red Hat Innovation Awards APAC will be announced at each stop. This year’s winners include companies from verticals such as banking, finance, government, insurance, technology, telecommunications and transportation.

Supporting Quotes

Tan Choon Boon, head of Platform Strategy and Engineering, Technology & Operations, DBS Bank

“Our digital agenda has been an all-encompassing journey, be it changing the culture and mindsets of our people, re-architecting our technology infrastructure, or leveraging Big Data, biometrics and AI to make banking simpler and more seamless for our customers. Leveraging open source technology, such as Red Hat’s, has provided us with the necessary tools and insights to help drive our digital efforts. Being one of the winners of the Red Hat Innovation Awards APAC is a privilege and is testament to our efforts to help shape the future of banking.”

Eugene Yeo, group CIO, MyRepublic Group Ltd

"Working with Red Hat has been an amazing experience on all fronts. For the IT team, we gained access to new technologies and the technical knowledge to better serve our business needs. For the business, we were able to expand more quickly into new markets and new services. For our customers, they were able to enjoy a more stable connection due to higher system availability and lower latency. Our success would not have been possible without Red Hat helping us meet our timelines. We are elated on the win and look forward to more successes in the future."

Damien Wong, vice president and general manager, Red Hat ASEAN 

"The Red Hat Innovation Awards APAC reinforces our commitment to helping customers accelerate innovation the open source way. As we celebrate the ‘impact of individual’ theme at the Red Hat Forum event this year, the Red Hat Innovation Awards APAC becomes more special to us. Open source innovation is possible because of the individuals behind it. We would like to congratulate DBS and MyRepublic for their transformative and innovative use of Red Hat solutions.”

Additional Resources

 

Connect with Red Hat

  • About Red Hat

  • Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to provide reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As a connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.



  • Forward-Looking Statements

  • 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 as a result of various important factors, including: risks related to the ability of the Company to compete effectively; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; delays or reductions in information technology spending; the integration of acquisitions and the ability to market successfully acquired technologies and products; fluctuations in exchange rates; the effects of industry consolidation; uncertainty and adverse results in litigation and related settlements; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to the security of our offerings and other data security vulnerabilities; changes in and a dependence on key personnel; the ability to meet financial and operational challenges encountered in our international operations; and ineffective management of, and control over, the Company's growth and international operations, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission's website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. 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 may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.