Union Bank of the Philippines Honored for Creative Use of Open Source at Red Hat APAC Innovation Awards 2023

Red Hat, Inc., the world’s leading provider of open-source solutions globally, proudly announced Union Bank of the Philippines (UnionBank) as one of the distinguished winners of the Red Hat APAC Innovation Awards 2023.  This recognition celebrates UnionBank’s outstanding use of Red Hat solutions to foster innovation and enhance customer experiences in an ever-evolving business environment. UnionBank is the inaugural winner of the award for the Philippines.

[i"With the emergence of digital banks today, we realized that the key to accelerating further is through open source technology. Working with Red Hat on this project has allowed us to better serve business demand by improving workflows and shortening app deployment times"[/i] - Dennis D Omila, Chief Technology and Operations Officer, Union Bank of the Philippines

Amid economic fluctuations and technological upheavals, Red Hat’s APAC Innovation Awards theme,“Explore what’s next” recognizes organizations adapting to today’s uncertainties. 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.

In this 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. 

Category: Digital Transformation and Cloud-Native Development

Winner: Union Bank of the Philippines

UnionBank, one of the leading universal banks in the Philippines, stands out through its superior technology, service culture, and centralized operations. Leveraging Red Hat’s open-source technologies, UnionBank executed a seamless cloud migration and modernization of its UnionBank Online Service, utilizing Red Hat OpenShift Service on AWS.

The collaboration also included a Red Hat Open Innovation Labs engagement, fostering collaboration, agile methodologies and DevOps capabilities. As a result, UnionBank achieved a 95% reduction in app deployment time, improved scalability and reliability, and reduced risks of manual errors, contributing to faster speed-to-market and an enhanced customer experience.

About the Winning Categories

The winners were 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.   

The Digital Transformation category recognizes organizations that have successfully made the transition into a truly digital enterprise, overcoming and addressing business challenges with digitalization. 

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. 

UnionBank’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.

Supporting Quotes

Dennis D Omila, Chief Technology and Operations Officer, Union Bank of the Philippines
“As one of the leading banks in the Philippines, we’ve always believed in the importance of disrupting the status quo. With the emergence of digital banks today, we realized that the key to accelerating further is through open-source technology. Working with Red Hat on this project has allowed us to better serve business demand by improving workflows and shortening app deployment times. But more importantly, we are proud of our app delivery team for achieving new levels of speed through upgraded app development practices and greater satisfaction from both customers and employees.”

Marjet Andriesse, Senior Vice President and General Manager, APJC, Red Hat
“As the business landscape continues to change in 2023, the Red Hat APAC Innovation Awards 2023 celebrates the creative successes and achievements of our customers. Organizations today are increasingly turning to capabilities like data analytics to embark on transformation initiatives and cloud security features to protect their businesses. Furthermore, they have to manage all these while addressing tightening resources and manpower. That is 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.” 

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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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