The Awards Evaluation Criteria

Cloud-based Application Award
We believe that a well run cloud-based application is the one that enables Financial Institutions of any size to access an application in a secure and reliable manner and integrates with business models to scale in a cost efective manner and achieve, support and promote same level of standards as the banks. The information technology services provided integrates seamlessly, is reliable, secure, well maintained and the IT services contract delivers a competitive cost of transaction and service standards.

Dimension Criteria considered by judges
Platform implementation and track record Number of FI Implementations and successful track record
Track record of performance- Number of transactions, customers
Presence in Asia Pacific
Average transaction value and volumes per client
Financial viability of the vendor
Application features Application functional features and innovation
Evidence of Scalability
Evidence of Reliability
Speed of transactions
Ability to meet the local as well as global needs of the customers
Server capacity utilisation
Ease of Integration Technical features
Evidence of ease of integration with FI systems
Cloud implementation models
Information security and service standards The Service level agreement guarantees minimum level of service, superior to alternatives
Support features
Evidence of measures towards security of client information and customer data
Disaster recovery and business continuity features
Adequatey meets regulatory compliance requirements
Cost minimisation Evidence of cost effectiveness for the client
Total cost of ownership
Cloud-based Platform Award
Belief Statement
We believe that a well run cloud-based community platform is replicable in different markets, customisable to specific market model with reliability, security, cost effectiveness and ease of use, with a demonstrable client base, enabling the market specific players in financial services to build their own brands.

Dimension Criteria considered by judges
Platform implementation and track record Number of FI Implementations and successful track record
Track record of performance- Number of transactions, customers
Presence in Asia Pacific
Average transaction value and volumes per client
Financial viability of the vendor
Application features Application functional features and innovation
Evidence of Scalability
Evidence of Reliability
Speed of transactions
Ability to meet the local as well as global needs of the customers
Server capacity utilisation
Ease of Integration Technical features
Evidence of ease of integration with FI systems
Cloud implementation models
Information security and service standards The Service level agreement guarantees minimum level of service, superior to alternatives
Support features
Evidence of measures towards security of client information and customer data
Disaster recovery and business continuity features
Evidence that it meets regulatory compliance requirements
Cost minimisation Evidence of cost effectiveness for the client
Total cost of ownership
Related Events
 
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