Another laurel was added to Philippine Business Bank (PBB) as it was one of the banks noted for its technology initiatives in the Asia/Pacific Region during the Asian Financial Services Congress's Financial Insights Innovation Awards (FIIA) 2011 held at the Marina Bay Sands, Singapore last February 24-25, 2011. PBB's Information and Technology Center (ITC) and International Banking Group (IBG) submitted an entry to the FIIA in the implementation of its Society for Worldwide Interbank Financial Transfers (S.W.I.F.T.) on SaaS. After a rigorous evaluation and criteria scoring process by the IDC Financial Insights analyst team and the FIIA 2011 Assessment Panel, consisting of international independent judges, PBB's entry was among the top 40 initiatives selected out of over 158 high-quality initiatives that qualified for the FIIA 2011. Philippine banks that made it to the Top 40 were: Philippine Business Bank and four top commercial banks.

While none of the Philippine banks made it to the top 15 banks which were awarded - being selected into the top 40 only shows that PBB's technology initiatives to serve its client's needs has started to exceed the level of not just its peer banks and commercial banks but foreign banks as well.

The IDC Financial Insights is the region's leading research and advisory firm helping banks, insurers and financial institutions choose or short-list solutions and vendors, assess their business or IT master plans, and devise operational best practices. Headquartered in Framingham, Massachusetts, USA. International Data Corporation (IDC) is a subsidiary of IDG, the world's leading technology, media, research and events company.