Exceptional innovations lauded at inaugural Asian Innovation Excellence Awards 2025

The awards programme commended the top innovators driving transformative change across the region.

Innovation took centre stage at the Asian Innovation Excellence Awards 2025, as the region’s most visionary leaders and trailblazers gathered to celebrate standout achievements that are shaping a smarter, more sustainable, and inclusive future.

This is the inaugural year of the awards programme, recognising Asia’s leading innovators and their transformative contributions that drive meaningful progress, deliver measurable results, and set new benchmarks for innovation across industries.

Presented by Asian Business Review, the Awards Dinner was held on 5 November 2025 in Singapore, bringing together industry pioneers and innovators for an evening that honoured excellence, creativity, and transformative impact across Asia.

Amongst the esteemed winners was HSBC, which took home Hong Kong Learning & Development Innovation of the Year - Financial Services and Hong Kong Risk Management Innovation of the Year - Financial Services for integrating AI innovation and learning to enhance efficiency, data quality, and excellence in risk management.

"AI is for everyone. Whether you are an AI enthusiast, an AI expert, or an AI sceptic, everyone deserves an opportunity to learn about this important topic. We need to understand its risks, its ethics, and responsible development of these capabilities. We hope to empower our colleagues with learning tools to confidently integrate AI into our organisation, and we hope this brings them the confidence to lead, the confidence to act, and the clarity to envision a brilliant future with AI for everyone and our customers," said Mehrnoush Salehpour, Innovation and GenAI Enablement Lead at HSBC.

The distinguished panel of judges who shared their expertise in evaluating the nominees consisted of Dr. Effie Xin, Greater China Chief Operating Officer and APAC FinTech & Innovation Leader, EY; Lyon Poh, Partner and Head of Corporate Transformation, KPMG in Singapore; Chris Hewison, Partner, Insurance Sector, PwC Hong Kong; Dong-Hyun (Alex) Lee, EY Asia East Technology, Media & Telecommunications Leader; EY Korea Digital & Emerging Technologies Consulting Leader, EY; and Henry Tan, Group CEO & Chief Innovation Officer, CLA Global TS.

Congratulations to all the winners!

ASIAN INNOVATION EXCELLENCE AWARDS 2025 WINNERS

ABA Bank
Cambodia Financial Innovation of the Year - Financial Services

Abu Dhabi Early Childhood Authority
United Arab Emirates Community Engagement Innovation of the Year - Non-Profit Organisation
United Arab Emirates Technology Innovation of the Year - Non-Profit Organisation

Ahamove
Vietnam Technology Innovation of the Year - Technology

akaVerse, FPT
Vietnam Customer Experience Innovation of the Year - Business Services

Alliance Bank Malaysia Berhad
Malaysia Green Innovation of the Year - Financial Services
Malaysia Strategic Partnership Innovation of the Year - Financial Services

AlUla Club
Saudi Arabia Brand Innovation of the Year - Sports

Asticom Holding Co. Inc.
Philippines People Innovation of the Year - Business Services

Bahrain Airport Company
Bahrain Operational Innovation of the Year - Transportation

Banglalink Digital Communications Ltd.
Bangladesh Business Model Innovation of the Year - Telecommunications
Bangladesh Next-Gen Consumer Experience Innovation of the Year - Telecommunications

Bank of the Philippine Islands
Philippines Customer-Centric Innovation of the Year - Financial Services

BankDhofar SAOG
Oman Marketing Innovation of the Year - Financial Services

bolttech
Thailand Technology Innovation of the Year - Insurtech

Borouge
United Arab Emirates Business Product Innovation of the Year - Chemicals
United Arab Emirates Technology Innovation of the Year - Chemicals

CapitaLand Investment
Singapore Customer Experience Innovation of the Year - Retail

Catapult
Singapore Learning & Development Innovation of the Year - Training and Development

Charles Sturt University
Australia Learning & Development Innovation of the Year - Education

China Life Insurance (Singapore) Pte. Ltd.
Singapore Business Model Innovation of the Year - Financial Services

CIMB Bank Philippines
Philippines People Innovation of the Year - Financial Services

Citibank Singapore Limited
Singapore Next-Gen Consumer Experience Innovation of the Year - Financial Services
Singapore Operational Innovation of the Year - Financial Services
Singapore Culture Innovation of the Year - Financial Services

City Bank PLC.
Bangladesh Financial Innovation of the Year - Financial Services

Converge ICT Solutions Inc.
Philippines Community Engagement Innovation of the Year - Telecommunications

Country Foods Pte Ltd
Singapore Supply Chain Innovation of the Year - Food Manufacturing

CTBC Bank
Taiwan Customer Experience Innovation of the Year - Business Services
Taiwan Legal & Compliance Innovation of the Year - Business Services

Doha Oasis
Qatar Brand Innovation of the Year - Hospitality & Leisure

Dubai Media Inc.
United Arab Emirates Learning & Development Innovation of the Year - Media & Entertainment
United Arab Emirates Marketing Innovation of the Year - Media & Entertainment

Dubai Roads & Transport Authority (RTA)
United Arab Emirates Technology Innovation of the Year - Government Organisation

El SEif Engineering & Contracting
Saudi Arabia Operational Innovation of the Year - Commercial Building Construction

FairPrice Group
Singapore Customer-Centric Innovation of the Year - Retail
Singapore Technology Innovation of the Year - Retail

Far East Organization
Singapore Social Innovation of the Year - Retail

Finhay Vietnam
Vietnam Technology Innovation of the Year - Financial Services

General Entertainment Authority
Saudi Arabia Social Innovation of the Year - Government Organisation
Saudi Arabia Marketing Innovation of the Year - Government Organisation

Great Eastern
Singapore Consumer Product Innovation of the Year - Life Insurance
Singapore Marketing Innovation of the Year - Life Insurance

Habib Metropolitan Bank
Pakistan Supply Chain Innovation of the Year - Financial Services

HH Global
Hong Kong Green Innovation of the Year - Manufacturing
Hong Kong Supply Chain Innovation of the Year - Manufacturing

Hong Leong Bank Berhad
Malaysia Operational Innovation of the Year - Financial Services

HSBC
Hong Kong Learning & Development Innovation of the Year - Financial Services
Hong Kong Risk Management Innovation of the Year - Financial Services

ICICI Lombard General Insurance Co. Ltd.
India Communication Innovation of the Year - General Insurance
India Technology Innovation of the Year - General Insurance

Indus Hospital and Health Network
Pakistan Health & Wellness Innovation of the Year - Health Products & Services

International Rice Research Institute
Philippines Sustainability Innovation of the Year - Agriculture
Vietnam Sustainability Innovation of the Year - Agriculture

InterSystems
Indonesia Technology Innovation of the Year - Healthcare Technology

ISMAYA Group
Indonesia Brand Innovation of the Year - Food & Beverage

JS Bank
Pakistan Customer Experience Innovation of the Year - Financial Services

K-Electric
Pakistan Community Engagement Innovation of the Year - Energy

Krungthai Bank PCL
Thailand Customer-Centric Innovation of the Year - Financial Services
Thailand Strategic Partnership Innovation of the Year - Financial Services

Kyanon Digital
Vietnam Business Service Innovation of the Year - IT Services

Kyndryl Singapore PTE
Singapore Operational Innovation of the Year - IT Services

LYNKID JOINT STOCK COMPANY
Vietnam Financial Innovation of the Year - Financial Services
Vietnam Customer-Centric Innovation of the Year - Technology

M-DAQ Global
Singapore Financial Innovation of the Year - Financial Technology

Malaysian Communications and Multimedia Commission (MCMC)
Malaysia Learning & Development Innovation of the Year - Government Organisation
Malaysia People Innovation of the Year - Government Organisation

Manulife Japan
Japan Brand Innovation of the Year - Insurance Broker
Japan Customer-Centric Innovation of the Year - Life Insurance
Japan Distribution Innovation of the Year - Life Insurance

MASHREQ
United Arab Emirates Customer-Centric Innovation of the Year - Financial Services
United Arab Emirates Financial Innovation of the Year - Financial Services

Megaworld Lifestyle Malls
Philippines Green Innovation of the Year - Retail

MINDMAP TECHNOLOGIES PTE. LTD.
Singapore Technology Innovation of the Year - IT Services

MR.D.I.Y. Indonesia
Indonesia Green Innovation of the Year - Retail

Nguyen Kim Trading Joint Stock Company
Vietnam Brand Innovation of the Year - Electronic Retail
Vietnam Business Model Innovation of the Year - Electronic Retail

PETRONAS
Malaysia Operational Innovation of the Year - Oil & Gas

Pharmacity Pharmacy Joint Stock Company
Vietnam Health & Wellness Innovation of the Year - Retail

PT Golden Energy Mines Tbk (GEMS)
Indonesia Sustainability Innovation of the Year - Metals & Mining

PT PLN Indonesia Power – UBP Priok
Indonesia Green Innovation of the Year - Energy

PT PLN Indonesia Power UBP Suralaya
Indonesia Revenue Innovation of the Year - Energy

Saudi Ceramics Company
Saudi Arabia Marketing Innovation of the Year - Manufacturing

Shangri-La Circle
Hong Kong Customer Experience Innovation of the Year - Hospitality & Leisure
Hong Kong Marketing Innovation of the Year - Hospitality & Leisure

Shell Lubricants APAC (company of Shell)
Singapore Sustainability Innovation of the Year - Energy

Singapore Telecommunications Ltd
Singapore Next-Gen Consumer Experience Innovation of the Year - Telecommunications

Singlife Philippines
Philippines Financial Innovation of the Year - Insurtech

Singtel
Singapore Business Service Innovation of the Year - Telecommunications
Singapore Customer-Centric Innovation of the Year - Telecommunications

Thai Life Insurance Public Company Limited
Thailand Learning & Development Innovation of the Year - Life Insurance

The General Administration of Customs – Abu Dhabi
United Arab Emirates Supply Chain Innovation of the Year - Government Organisation

THE MEDICAL CITY ILOILO
Philippines Business Service Innovation of the Year - Healthcare
Philippines Culture Innovation of the Year - Healthcare

True Corporation Public Company Limited
Thailand Strategic Partnership Innovation of the Year - Telecommunications

United Power Generation & Distribution Company Ltd.
Bangladesh Operational Innovation of the Year - Energy

Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank)
Vietnam Communication Innovation of the Year - Financial Services

Viettel Post Joint Stock Corporation
Vietnam Operational Innovation of the Year - Logistics

Vodafone Idea Limited
India Learning & Development Innovation of the Year - Telecommunications

VUS - The English Center
Vietnam Customer Experience Innovation of the Year - Education

The Asian Innovation Excellence Awards is presented by Asian Business Review. For more information on the awards programme, you may contact Julie Anne Nuñez-Difuntorum at (+65) 3158 1386 ext 242 or at [email protected].