Gurgaon, India, (IndiaPRwire.com), Global Finance has announced the First Round winners in the “World’s Best Internet Banks” competition in Asia. This is the 8th year Global Finance has named the World’s Best Internet Banks. Details on all First Round winners will be published in the September issue. First Round winners include Best Corporate/Institutional Internet Banks and Best Consumer Internet Banks at the country level. The Regional and Global winners for these categories will be announced at an Awards Ceremony in New York City in November and published in the December issue of Global Finance. Also announced were Regional winners in Sub-Categories. Global winners in the Sub-Categories will also be announced at the Awards Ceremony and in the December issue. The list of First Round winners follows.
Winners were chosen among entries evaluated by a world-class judging panel consisting of representatives from Tata Consultancy Services Ltd. Global Finance editors were responsible for the final selection of winners in the First Round.
This year, Global Finance introduced separated regional awards for banks not a part of the world’s 50 largest financial groups.
Only banks that entered the competition were considered for awards, and awards were only given in those regions, countries and categories in which there were entries.
Winning banks were selected based on the following criteria: strength of strategy for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from Internet initiatives, and web site design and functionality. Category winners, such as “best online cash management” were selected based on the relative strength and success of those web products and services.
“In less than a decade, the Internet has transformed the way many consumers and most businesses bank,” says Joseph D. Giarraputo, publisher of Global Finance. “The continuing improvements in Internet offerings represented by this year’s entries show that more significant Internet banking developments are still ahead of us.”
See following for full listings of the World’s Best Internet Banks First Round winners for 2007 in Asia:
Country Winners: Best Consumer Internet Banks:
Australia: ANZ Bank, Brunei: HSBC, China: Industrial and Commercial Bank of China (ICBC), Guam: Citigroup, Hong Kong: HSBC, India: ICICI Bank Ltd, Indonesia: Citigroup, Korea: HSBC, Kyrgyz Republic: AsiaUniversalBank (AUB), Malaysia: Citigroup, Pakistan: Citigroup, Philippines: Bank of the Philippine Islands (BPI), Singapore: DBS Bank, Sri Lanka: HSBC, Taiwan: Chinatrust Commercial Bank, Thailand: Citigroup
Regional Sub-Category Winners: Best Consumer Internet Banks:
Best Web Site Design: Commonwealth Bank of Australia, (CBA), Best Integrated Consumer Bank Site: HSBC, Best Investment Management Services: HSBC, Best Online Consumer Credit Site: Citigroup, Best Onlilne Deposits Acquisition: Industrial and Commercial Bank of China (ICBC), Best Bill Payment & Presentment: ICICI Bank Ltd, Best Information Security Initiatives: Citigroup
Best Corporate/Institutional Internet Banks:
Australia: Citigroup, Bangladesh: Standard Chartered, China: HSBC, Hong Kong: Standard Chartered, India: ICICI Bank Ltd, Indonesia: Citigroup, Japan: Citigroup, Kazakhstan: Citigroup, Korea: Standard Chartered, Kyrgyz Republic: AsiaUniversalBank (AUB), Malaysia: HSBC, Nepal: Standard Chartered, New Zealand: Citigroup, Pakistan: Standard Chartered, Philippines: Citigroup, Singapore: Citigroup, Sri Lanka: Citigroup, Taiwan: Chinatrust Commercial Bank, Thailand: Citigroup, Vietnam: Citigroup
Best Corporate/Institutional Internet Banks:
Best Web Site Design: Standard Chartered, Best Integrated Corporate Bank Site: HSBC, Best Investment Management Services: Citigroup, Best Online Cash Management Site: HSBC, Best Trade Finance Services: Standard Chartered, Best Information Security Initiatives: JPMorgan Chase
Regional Winners – not part of the world’s 50 largest financial institutions:
Consumer: ICICI Bank Ltd, Corporate: Standard Chartered.
