Baiduri Bank was recently feted with the coveted Bank of the Year award presented by The Banker Magazine in a ceremony held at the Sheraton Grand London Park Lane in London, making the bank’s 4th international achievement this year.
The award was also the 14th time that the bank has received such accolade, according to a press statement.
In determining winners for the award, world premier banking and finance resource The Banker looks beyond raw data. It’s editorial team looks for evidence of banks setting new standards for their respective local industries, both through the use of new technology or innovative ways of expanding their businesses.
The judging was carried out by an editorial committee on the basis of submitted entries, data from The Banker’s database and the editor’s personal knowledge of the market.
Receiving the award on behalf of the bank was its CEO Ti Eng Hui who said that such award was yet another testament to the strides the bank has made over the past 18 months.
“This year alone, the bank has taken significant steps towards moving the organisation to greater heights by investing heavily in cutting-edge technology, customer data security, and its human resource capabilities,” he said.
Among the recent initiatives undertaken by Baiduri includes a new digital banking platform set to be launched in the first quarter of 2020.
Other initiatives include enhancing the bank’s human capital capabilities and the launch of business skills training series as a long-term commitment to helping develop local businesses by partnering with Darussalam Enterprise (DARe).
Ti also shared the bank’s strategic move to partner with DST.
“Baiduri Bank has the largest card merchant base in the country. By partnering with DST to launch an e-wallet, the synergistic effect will be the creation of the largest digital payment ecosystem in the country with connectivity to regional and international payment platforms,” the CEO said.
At the same time, Ti added that the bank had also invested in a world-class online training platform to upscale its human resource capacities – with the intention of certifying them according to global industry standards.
“We will soon be moving onto a cloud-based human capital management platform provided by another global service provider,” he said.
Speaking on the latest award, Ti said: “It gives us great pride in being recognized as the Bank of the Year for Brunei by a leading international financial publication. I would like to thank our customers, business partners and associates for the trust and support they have given us over the years making us the award-winning bank that we are today.”
The Bruneian | BANDAR SERI BEGAWAN