Recognized for their digital initiatives and transformation experienced through the use of Red Hat's open source solutions
KUALA LUMPUR, Malaysia, Nov 18 (Bernama-BUSINESS WIRE) -- Red Hat, Inc., the world's leading provider of open source solutions, today announced the winners of the Red Hat APAC Innovation Awards 2021 for Malaysia. Bursa Malaysia Berhad and Tenaga Nasional Berhad (TNB) were honored at the Red Hat APAC Forum Virtual Experience today for their digital transformation journey and innovations using Red Hat solutions.Open source continues to be an innovation engine for Asia Pacific enterprises by helping them modernize infrastructures, develop applications, and transform digitally. According to Red Hat’s recent State of Enterprise Open Source report, 92 percent of the region’s IT leaders are using enterprise open source today, above the global average of 90 percent.
With the theme of “Open Your Perspective,” the Red Hat APAC Forum Virtual Experience encourages organizations to build resilience, achieve their transformation goals, and propel their business forward with open source. This year, the Red Hat APAC Innovation Awards 2021 recognized the technological achievements of 24 organizations in the region for their creative thinking, determined problem solving, and innovative use of Red Hat solutions.
The winners were selected based on the impact of their Red Hat deployments on their business goals and company culture, industry, communities, as well as the uniqueness of vision for the project. They displayed how open source tools and culture have helped them to improve productivity, agility, and cost savings while empowering them to address future challenges and emerging trends more confidently and effectively.
Winners were recognized in five categories: Digital Transformation, Hybrid Cloud Infrastructure, Cloud-native Development, Automation, and Resilience.
Category: Digital Transformation and Hybrid Cloud Infrastructure
Winner: Bursa Malaysia Berhad
Bursa Malaysia is the stock exchange of Malaysia and one of the largest bourses in ASEAN. It operates and regulates a fully integrated exchange that offers a comprehensive range of exchange-related facilities such as listing, trading, clearing, settlement and depository services.
Bursa Malaysia was looking to implement an agile integration platform to support its Central Depository System (CDS) eServices application, Bursa Anywhere, which would allow its nearly two million retail investors to view and manage their accounts in one, unified platform.
To build the foundation of the application, Bursa Malaysia deployed Red Hat OpenShift, Red Hat Fuse, Red Hat AMQ, Red Hat 3scale API Management, Red Hat JBoss Enterprise Application Platform and Red Hat Virtualization to develop a reliable, scalable and flexible platform. Collectively, Red Hat open source solutions have allowed Bursa Malaysia to scale its post-trading and public listed company announcement integration services, connect disparate applications and services, as well as reduce the time to market for the services by 20 percent.
With its enhanced agility and efficiency, Bursa Malaysia was able to continuously improve and update the application with new features, which contributed nearly 10 percent of the total number of CDS accounts opened since 2020. Greater market participation from a broader range of audience segments in Malaysia is key to Bursa Malaysia’s sustainability and contributes to a thriving economy. Since its launch in 2019, Bursa Anywhere now has nearly 211,000 users.
An enhanced hybrid cloud infrastructure allowed Bursa to improve business resilience by delivering more innovative and competitive services, while adapting to changes in legislation and technological advancements in an agile manner.
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