(from L to R): Mahesh Ramanayanke (IBM), Raymond Kwong (Silverlake Axis), Claudia Lee (Group Chief Information of Alliance Bank) and Cyrus Daruwala (Financial Insights Asia/Pacific).

Kuala Lumpur, 6 March 2009 - Alliance Bank Malaysia Berhad (Alliance Bank) has once again proved its mettle when it was recently awarded top honours over 100 banks and insurers across the Asia/Pacific region for "Innovation in Enterprise Transformation" at the recent Financial Insights Innovation Awards (FIIA) held in conjunction with the Asian Financial Services Congress (AFCS) in Singapore.

"Winning this award is a testament to our ongoing efforts in making sure that the Alliance brand stays relevant, competitive and innovative in this industry. Being a small bank will not stop us from thinking big in our vision. On the contrary, this is just the beginning for us in finding creative and innovative ways to reinvent ourselves to ensure that banking is made personal for our customers," said Datuk Bridget Lai, Group Chief Executive Officer of Alliance Bank Malaysia Berhad and Director of Alliance Financial Group Berhad.

In a statement by Financial Insights, an IDC company, states, "Alliance Bank's strategy of applying technology excellence to create sustainable business value has led it to deploy an impressive enterprise-wide transformation ranging from enterprise architecture to risk management. This comprehensive initiative saw an effective collaboration between the Bank and its technology partners (such as IBM and Tivoli) in successfully positioning the Bank's information technology (IT) organisation to support their strategic goals."

A clear recognition of Alliance Bank's efforts in staying competitive in the fast-growing industry, the Bank is strengthening its business strategies and branch network, infrastructures and IT technology, cultivating a risk and compliance culture and developing talents.