Recognized for harnessing open-source technologies to accelerate innovation, foster transformation, and deliver lasting business impact at the Red Hat APAC Innovation Awards 2025 for Singapore.
Red Hat recently announced the winners of the Red Hat APAC Innovation Awards 2025. This year, DBS Bank was one of two Singapore winners recognized for their forward-thinking use of open source to drive innovation, enable transformation and create meaningful impact across their organizations.
At the heart of AI adoption in 2025, organizations across Asia Pacific are moving decisively beyond experimentation to focus on measurable business impact.
Research from IDC, sponsored by Red Hat and Intel, forecasts that by 2030, AI will generate US$19.9 trillion in global economic value, contributing 3.5% of global GDP. Much of this growth will come from enterprises that embed AI into their operations to optimize processes and open new opportunities.
With experimentation giving way to full-scale AI adoption, the differentiator will be how organizations harness open source to unlock AI’s full potential, driving agility, scalability, and sustainable value. Smaller, open-source models tailored for local contexts and business needs are also emerging to bridge today’s capabilities with tomorrow’s possibilities while amplifying human expertise.
Embodying this year’s theme “Unlock what’s next”, the Red Hat APAC Innovation Awards 2025 celebrated customers turning these trends into tangible results. The awards recognize 30 winners across the region whose inventive use of Red Hat’s open-source technologies has sparked innovation, strengthened competitiveness, and delivered lasting value for their industries, customers, and employees.
These organizations demonstrate how open source empowers enterprises to reimagine possibilities, navigate complexity, and seize new opportunities in an evolving landscape to define future competitiveness.
Marjet Andriesse, Senior Vice President and General manager, APJC, Red Hat, said: “The pace of change in Asia Pacific shows no signs of slowing, especially as AI becomes a core driver of business transformation. Despite these demands, our customers have delivered remarkable results, showing that innovation thrives when paired with open source.”
She added: “The Red Hat APAC Innovation Awards 2025 are an opportune time to recognize and celebrate these achievements, highlighting how our customers are unlocking what’s next and shaping a future defined by creativity, resilience, and impact.”
The awards comprise five categories: Digital Transformation, Hybrid Cloud Infrastructure, Cloud-native Development, Automation – and the newly added AI and Emerging Tech.
DBS Bank – winner in the AI & Emerging Tech category
DBS Bank is Singapore’s largest bank and a leading financial services group in Asia, serving individuals, businesses, and institutional clients with a comprehensive suite of services. Having an early lead in its digital transformation journey, DBS Bank continues to push the boundaries of innovation to better meet the needs of its diverse customer base.
The bank embarked on a strategic initiative to re-platform its digital assets custodian operations onto Red Hat OpenShift, leveraging Red Hat’s emerging confidential containers.
Ang Li Khim, Group Head, DBS Bank Institutional Banking Group Technology, said: “Our collaboration with Red Hat on the production deployment of confidential containers on our digital assets infrastructure has enabled us to innovate at greater speed and scale, providing secure and resilient services to our customers.”
This world-first deployment has created a more scalable, secure, and future-ready foundation for digital asset services, strengthening security, reducing operational risk, and accelerating the delivery of new services.
By pioneering the use of advanced open source technologies, DBS Bank is setting a benchmark for responsible and innovative adoption of emerging tech in financial services. “This further underscores our belief that open technologies will be key to driving the next wave of financial innovation,” said Ang.
