TMBThanachart Bank (ttb) Acknowledged for Creative Use of Open Source at the Red Hat APAC Innovation Awards 2023 for Thailand

Red Hat, Inc., the world’s leading provider of open source solutions, announced the winners of the Red Hat APAC Innovation Awards 2023 for Thailand. Red Hat honored the remarkable achievements of TMBThanachart Bank Public Company Limited (ttb) for their outstanding use of Red Hat solutions to foster innovation, showcase their ingenuity, and elevate customer experiences in an ever-evolving business environment.

In an environment of economic fluctuations and technological upheavals, Red Hat continues to explore the theme “Explore what’s next” at this year’s Red Hat APAC Innovation Awards. This year’s accolades celebrate the exceptional accomplishments of organizations in adapting to today’s uncertain landscape, proudly recognizing the digital transformation achievements of 31 organizations from 13 countries in the region. By harnessing the power of open source creatively, these remarkable organizations propel themselves forward while prioritizing unforgettable customer experiences. Their unwavering resilience, strategic thinking, and ingenious utilization of Red Hat solutions have allowed them to conquer new business challenges and stay one step ahead of evolving customer demands.

Amid growing uncertainty, innovation still stands tall as a priority for businesses. According to the Red Hat 2023 Global Tech Outlook, businesses continue to rank innovation as a powerful differentiator, allowing organizations to rise above their competitors and forge their unique path to success. The awards’ five categories focus on key technologies that can help businesses stand out amid today’s uncertain landscape: Digital Transformation, Hybrid Cloud Infrastructure, Cloud-native Development, Automation, and Resilience. 

The winner was selected based on the positive impact their Red Hat deployments had on their business goals. They showcase the possibilities of open source, pushing the boundaries of business processes, productivity, innovation, and resilience.   

Category: Cloud-Native Development

Winner: TMBThanachart Bank Public Company Limited (ttb)

TMBThanachart Bank Public Company Limited (ttb) is a result of a merger between TMB Bank Public Company Limited (TMB) and Thanachart Bank Public Company Limited (Thanachart) in 2021. ttb aims to improve the financial well-being and deliver a great financial experience for customers by combining the unique strengths of both organizations. 

Post-merger, it was critical for ttb to integrate all IT assets and systems to better serve TMB and Thanachart customers. The bank wanted to leverage technology that could further support its digital banking strategy. Red Hat OpenShift Container Platform supported ttb in providing a reliable digital platform for a stronger customer experience. OpenShift has also helped speed up the development and enhancements to the bank’s consumer-facing applications. In addition, ttb built a new internet banking platform, Business One, for corporate and SME customers, supported by OpenShift. 

In doing so, ttb offered a world-class digital solution and platform to support business customers and provide greater choice. The bank’s innovation efforts and use of enterprise open source also contributed to strong growth in the volume of digital transactions. 

The bank’s success was further celebrated at the Red Hat Innovation Award event taking place at the Pavilion Hotel, Kuala Lumpur, Malaysia alongside other top winners from the Southeast Asia region. 

About the winning category

The Cloud-Native Development category highlights organizations that have effectively used agile methodologies to speed up the innovation and development of successful business applications that have made an impact on customers. 

Supporting Quotes
Marjet Andriesse, senior vice president and general manager, APJ, Red Hat
“Thailand’s digital banking landscape continues to grow and the market continues to evolve ahead of the curve. For example, Thai banking apps rank highly in user experience when benchmarked against the global average¹. The Red Hat APAC Innovation Awards 2023 celebrate the creative successes and forward-thinking achievements of outstanding companies like ttb. Ttb has put their trust in enterprise open source and Red Hat’s advisory capabilities, and we congratulate them on continually improving the digital banking experience for customers. This success case is testament to why open source continues to be a game-changer for businesses, giving them the flexibility and resilience to adopt technologies, both existing and emerging, to craft their own unique path to success.” 

Sutthikan Rungsrithong, chief information officer, ttb
“Ttb is driving the bank forward through greater possibilities offered with digital solutions, for example through the concept of Humanized Digital Banking. Or, digital banking that is friendly, familiar, and easy to use to support every need. We aim to provide an experience with better service to the bank’s customers, and to be leaders in creating a better financial life for people of Thailand, today and in the future. Winning the 2023 Red Hat APAC Innovation Awards reinforces another level of success for the company. The Bank is committed to continuously developing applications in order to deliver a great banking experience - one further example of success I’m pleased to share is that there are currently more than 4.8 million customers using the Bank’s ttb touch service.”

IN SHORT

Red Hat’s APAC Innovation Award Winner for Thailand, ttb, was recognized for their creativity in leveraging Red Hat solutions to deal with economic uncertainty in 2023 to deliver innovation and exceptional customer experiences.

MENTIONED IN THIS ARTICLE

Red Hat APAC Innovation Award, Digital Transformation, Cloud-native Development, Red Hat OpenShift Container Platform, Thailand, Southeast Asia, Financial Services, Cloud, Online Banking

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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