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FINANCE DERIVATIVE NAMES THE WORLD’S BEST FINANCIAL INSTITUTIONS AND BANKS ‘20 IN NETHERLANDS ON DECEMBER 31, ‘20

 

On December 31st, Finance Derivative announced the Awards ’20 in Netherlands. The overall winners for Health Insurance Banks, Internet, Retail, SME, Innovative Banks and Forex Broker and Asset Management Company were announced. Also announced were the overall Global sub-category winners. The grand prizes of World’s Worthy Winners came across this year  ’20.

 

A full report will appear in the December  ’20 covering winners list in individual countries and regional sub-categories. Finance Derivative’s Awards are based on submissions from banks that wish to be considered. This year, nearly 300 individual banks from around the world entered the competition. The Awards judging panel was comprised of representatives from global leader in consulting, technology and outsourcing solutions. Based on the judge’s evaluations, Finance Derivative’s editors made the final selections.

 

Winners were selected based on strength of strategy for attracting and servicing online customers, success in getting clients to use digital offerings, growth of online customer base, breadth of products offered, evidence of tangible benefits gained from digital initiatives, and website design and functionality. Subcategory winners were selected on the basis of relative strength, products and services.

 

The list of winners announced in Netherlands follows in page 1 of 2.

For editorial information please email: info@financederivative.com

 

 

WinnersAward Title
Aafiya TPA ServicesBest Third Party Administrator – Healthcare UAE 2020
Ahli United Bank B.S.C.,Best Retail Bank Bahrain 2020
Alkhabeer CapitalBest Private Equity Firm Saudi Arabia 2020
Arca FondiBest Digital Wealth Management Italy 2020
AsiaPayBest Digital Payment Solution Provider Singapore 2020
Banco Industrial, S.A.Best Retail Bank Guatemala 2020
Banco Industrial, S.A.Best Mobile Banking Application Guatemala 2020
Bank NizwaBest Islamic Banking CEO Of The Year Oman 2020 Khalid Kayed
Bank NizwaBest Islamic Banking Services Oman 2020
Bao Viet SecuritiesBest Corporate Governance Company Vietnam 2020
Being SheMost Influential Women of the Year UAE 2020
BlackStone Futures (pty) ltdMost Innovative Forex Broker South Africa 2020
Capital Trust S.A.Best M&A Advisory Chile 2020
Cellcard (CamGSM Co Ltd)Fastest Mobile Network Company Cambodia 2020
Cellcard (CamGSM Co Ltd)Best Mobile and Digital Lifestyle Provider Cambodia 2020
China Asset Management CompanyBest Asset Management Company China 2020
CI Asset ManagementBest Asset Management Company Egypt 2020​
Commercial Bank of Ceylon PLCBest Digital Bank Sri Lanka 2020
Commercial Merchant Credit (Pvt)Ltd.Fastest Growing Finance Service Company Sri Lanka 2020
COSCO SHIPPING Ports LtdBest Port Operator Hong Kong 2020
COSCO SHIPPING Ports LtdBest Investor Relations Company Hong Kong 2020
ČSOB Private BankingBest Private Bank Czech Republic 2020
Fast Cover Travel InsuranceBest Customer Centric Travel Insurance Company Australia 2020
Fast Cover Travel InsuranceBest Comprehensive Travel Insurance Company Australia 2020
Fosun Hani Securities LimitedFastest Growing Financial Institution Hong Kong 2020
Fosun International LimitedBest Innovation-Driven Consumer Group Hong Kong 2020
Taipei Fubon BankMost Customer Centric Bank Taiwan 2020
Taipei Fubon BankBest Digital Wealth Management Bank Taiwan 2020
Taipei Fubon BankBest Investment Bank Taiwan 2020
FUTURE FXBest Forex Customer Service Provider UAE 2020
FXPRIMUSBest Forex Broker South East Asia 2020
Genero Capital LLCBest SME Financing Advisor MENA 2020
Greenstone Equity PartnersBest Fund Management Company UAE 2020
HFTradingMost Secured Trading Platform Australia 2020
ING MaggieBest Retail Bank CZECH REPUBLIC 2020
IS BankBest API Provider Bank Turkey 2020
JFD Group LtdBest Retail Brokerage Services Western Europe 2020
MAGIC FINSERVMost Innovative AI-ML Technology service provider for Asset Management USA 2020
MashreqBest Transactional Bank UAE 2020
Metropole Property StrategistsBest Property Consultants Australia 2020
MitradeMost Innovative Online Broker Australia 2020
MultiBank GroupBest FX Trading Platform MENA 2020
Nan Shan Life Insurance Co. Ltd.Best Life Insurance Company Taiwan 2020
National Development Bank PLCBest Domestic Bank Sri Lanka 2020
National Development Bank PLCBest Retail Bank Sri Lanka 2020
National Development Bank PLCBest Corporate Bank Sri Lanka 2020
National Development Bank PLCBest Bank For Empowering Women Customers Sri Lanka 2020
National Development Bank PLCBest Bank For Marketing Campaign (NDB Araliya) Sri Lanka 2020
National Development Bank PLCBest Bank for Project and Infrastructure Financing Sri Lanka 2020
National Development Bank PLCBest Bank For Digital Financial Channels Sri Lanka 2020
ndgit GmbHFastest Growing API Banking Platform Provider Germany 2020
OINVESTMost Innovative Online Trading Broker SouthEast Asia 2020
Pacífico SegurosBest Insurance Company Peru 2020
People’s BankBest Commercial Bank Sri Lanka 2020
Petsy Pty LtdBest Pet Insurance Company Australia 2020
Profile SoftwareBest Wealth Management Technology Vendor UK 2020
PT. Asuransi Allianz Life IndonesiaBest Sharia Compliant Insurance Solutions Provider Indonesia 2020
PVcom bankBest Trade Finance Bank Vietnam 2020
PVcom bankBest Credit Card (PVcomBank Mastercard) Vietnam 2020
PyramediaBest Media And Marketing Consultancy UAE 2020
Q8 TradeMost Competent Trading Professionals MENA 2020
riyad bankBest Corporate Bank KSA 2020
ROInvestingMost Innovative Trading Platform Europe 2020
SeABankMost Innovative Mobile Banking Product (SeAMobile) Vietnam 2020
Shorooq PartnersFastest Growing Venture Capitalist Company UAE 2020
Standard Chartered BankMost Innovative Transaction Banking Oman 2020
The Jubilee Insurance Company Of Tanzania LTDBest Insurance Company Tanzania 2020
TradeFWMost Popular Trade Service Provider Europe 2020
Tradimo InteractiveBest Financial Education Technology Company Denmark 2020
uab bank LimitedBest Banking CEO Myanmar 2020- Christopher Loh
uab bank LimitedBest Corporate Governance Bank Myanmar 2020
uab bank LimitedBest Bank Myanmar 2020
uab bank LimitedBest Corporate Social Responsibility Myanmar 2020
uab bank LimitedBest Banking Employer Myanmar 2020
Vietcombank Fund ManagementBest Fund Management Company Vietnam 2020
Wema BankBest Retail Bank Nigeria 2020
Wema BankMost Innovative Digital Bank Nigeria 2020
101investingFastest Growing CFD Broker Europe 2020

 

About Us: Finance Derivative is a global financial and business analysis magazine, published by FM. Publishing. It is a yearly print and online magazine providing broad coverage and analysis of the financial industry, international business and the global economy.

Finance Derivative brings the latest News & Analysis from the finance world and corporate excellence. The magazine targets an audience of finance professionals, and corporate and private investors. With an accustomed team of professional industry Journalists, we bring a minute coverage on a comprehensive range of topics from the industry.

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BRICKENDON STRENGTHENS SENIOR LEADERSHIP TEAM, PROPELLING FURTHER GROWTH IN 2021

Transformational consultancy appoints new Director of Financial Services, Strategy & Business Development alongside a series of senior promotions

 

Brickendon, the transformational consultancy is announcing a new senior hire and a set of senior promotions as the business thrives and looks to generate further growth in 2021 through a focus on employee engagement and advocacy.

The business experienced strong growth in the Banking & Government sectors throughout the second half of 2020, due to an innovative focus across its three key areas of specialism: digital, data and automation with particular attention on DevOps and Agile methodologies. This success has been underpinned by its expertise in delivering complex change projects for highly regulated organisations and a continued expansion into international markets.

Among the announcements, Brickendon has appointed Will McDonald as its new Director of Financial Services, Strategy & Business Development. McDonald been tasked with aligning the expertise of Brickendon’s consulting workforce to client needs, fast tracking Brickendon’s growth in international markets and driving customer advocacy. He brings over 20 years of experience in Enterprise technology, working across Asia, Europe and North America and most recently at Telstra Global, where he led the Financial Services Industry segment for EMEA.

 

McDonald comments “I’m very excited to join Brickendon at such a pivotal time. 2020 has accelerated a lot of change, and all businesses must recalibrate to remain competitive and thrive in this challenging recovery period. The enabling forces of Digitisation, Cloud and Automation are unlocking incredible productivity, yet people and expertise are still critical to success.  At Brickendon our people have incredible talent for identifying and solving complex challenges faced by our clients.  Our customers recognize this, and we have built a loyal following amongst them. My role is to amplify the work that the team has achieved over the years and create platforms for a loud chorus of customer advocacy to be heard”

Brickendon’s continued success also marks the promotion of Bala Ethirajalu to Partner, Global Head of Delivery and Maureen McKinley to Senior Manager as both individuals played a critical part in the helping the business thrive.

Bala has been with Brickendon for over eight years and has been instrumental in building a high performing delivery team, whilst defining Brickendon’s technology strategy and setting a culture of employee empowerment.  Brickendon’s clients and team members have embraced the leadership values, innovation and accountability that Bala has championed and driven across the entire business. Bala has also successfully led the team to win the prestigious TESTA awards in 2013 and 2016 as well as securing seven consecutive finalist nominations.

 

Bala comments “If we create an environment of employee engagement and empowerment, everything else falls into place, we do better and more creative work for our clients, as well, we more easily attract, nurture and retain exceptional talent in the organization. I’m delighted to take up my new senior position at Brickendon, and look forward to all the future successes of our team as the business continues to thrive”

Similarly, Maureen McKinley has been part of the Brickendon team since 2013, and her new senior role will support the wider leadership team and grow the Poland based Brickendon practice. Maureen is a trusted advisor and contributor to her clients and has continued to raise the bar both in the work she conducts for them and as a leader within Brickendon.

 

Christopher Burke, CEO, Brickendon, comments “Brickendon was called upon by our financial services clients as they navigated the turbulent start to 2020. As a business leader and founder, I’m proud of our team and how we rallied around our clients as they faced unprecedented challenges. Our new set of senior promotions and hires signify a big step towards the growth trajectory which we’ve planned out for the year ahead and I’m in no doubt that Will, Maureen and Bala will play pivotal roles in driving this forward.”

 

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FUNDS’ RUSH TO THE CLOUD MUST NOT BE A BOX TICKING EXERCISE

By Ed Gouldstone, Global Head of R&D for Asset Management at Linedata

 

The fund management industry has held up remarkably well against the strains of Covid-19 – from a dramatic spike in market volatility to the sudden shift to remote working. However, the quantum leap in digitalisation spurred on by the pandemic has underscored the disparities between fund houses’ journeys to cloud – some are quite far along, while others are quickly having to play catch-up.

However, the need to rapidly advance digitalisation efforts must not result in cloud migration becoming a box ticking exercise. Some managers may be tempted by the convenience of a ‘lift and shift’ approach. That is, simply building their cloud infrastructure as if it was their existing data centre without optimising it for cloud. This is by far the quickest option but, if rushed, it doesn’t necessarily bring the cost-saving and flexibility benefits that managers are looking for. Cloud provides for advanced levels of security that go beyond traditional deployed models, but only when the necessary tools are put in place. Fund managers therefore need to put in the required thinking beforehand, to ensure the optimisation and any necessary re-engineering of tools whilst accelerating shift to the cloud.

 

The risks of rushing cloud adoption

Elasticity is one particular area where cost savings come from in the cloud, because cloud is designed to scale up and down as and when you need it. When migrating infrastructure to the cloud, fund managers must ensure that the all applications are optimised in a way that enables horizontal scalability, as many legacy applications are built around a fixed number of servers. This could impede the potential to quickly scale up operations in rapidly changing markets, inhibiting fund managers’ growth ambitions and ability to compete.

Ed Gouldstone

Another risk of rushing the transition to cloud, is that a lift and shift approach can actually increase costs when computing and storage practises are not rationalised. Migrating existing infrastructure as it is also means migrating all existing inefficiencies along with it, such as zombie servers, duplicated workloads, and outdated records. By not doing the due diligence to ensure excess computing capacity is left behind, companies could seriously diminish the cost savings they would have otherwise enjoyed.

Building resilience into operations is of paramount importance for fund managers who are planning to migrate to the cloud. Although infrastructure is more secure with cloud, the greater accessibility it allows means that points of entry on the client side can be weak spots if not properly protected. This must not become overlooked in a rushed cloud migration. Unlike with private data centres and VPN access where hardware offers protection, extra layers of authentication need to be added to endpoints to ensure the security of the system, while enabling access from any device. This is even more necessary in our highly regulated industry, where fund managers are dealing with large client funds and processing vast quantities of real-time financial data.

 

Realising the opportunities provided by cloud

When handled correctly, a successful migration to cloud offers fund managers a great opportunity to drive digital transformation, scale their businesses and upgrade the technology they rely on. Perhaps the biggest driver for cloud adoption, the pay as you go, on-demand scalability offered by cloud providers, enables rapid growth and reduces costs. Previously, in order to scale up, businesses would have to install new hardware and pay for its maintenance, as well as acquire the physical space that new servers take up. This process is much slower and more expensive than the quickly scalable, pay-as-you-go cloud, but expert guidance is crucial to avoid the aforementioned risk of transferring excess computing power, and ensuring applications are scalable so that potential cost savings are realised.

Another major driver to migrate infrastructure to the cloud is the data analytics capabilities available. The cloud’s ability to support data lakes that can store structured and unstructured data at any scale and operate real-time analytics, provides unique opportunities to create new insights and therefore greater value. The data lakes enable better use of the artificial intelligence and machine learning technologies that are reaching maturity and are increasingly mission critical. This is crucial in a market where margins are getting smaller and traditional investment models are being challenged. Analytics can create value throughout all operations, from the front office through to the back office, whether it is sentiment analysis of client engagement, or reducing operating costs through process automation.

In terms of security, while moving to public cloud does imply some inherent loss of in-house control compared to historic ‘installed’ technology models, the bottom line is that cloud providers offer robust levels of security unmatched by in-house technology installations. But it is still critical that firms have the requisite knowledge about cloud deployment and cybersecurity, or partner with a technology service provider that does, who can protect endpoints with new identity and access measures such as two-factor authentication.

The need to migrate to cloud infrastructure has become more pressing at a time when fund managers are increasingly introducing flexible working for the long-term. While implementing a cloud first business strategy is now considered crucial for longevity, it must not be rushed at the risk of costly mistakes and the perpetuation of outdated operating models that limit adaptability. A rapid, productive cloud migration is still possible, but firms need to ensure they have well-considered plans and strong partnerships with experts in place to ensure success.

 

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