Timo won the “Best Digital Bank in Vietnam 2019” award at the Asiamoney Awards on September 25 in Singapore.
The awards are presented annually by Asiamoney, a subsidiary of the prestigious Euromoney financial magazine and a trusted source of banking and capital markets news.
Asiamoney has been an authoritative voice for the banking and finance industry in Asia for almost three decades, with the Asiamoney Awards acknowledging pioneers across the categories of finance, investment, SME support activities, and CSR activities.
“I am proud to see Timo realize our initial vision and change the face of banking in Vietnam,” said Mr. Don Lam, Co-founder of Timo. “As a market leader in the fintech space, we will continue to push innovative solutions and create progressive and intelligent customer experiences across our platform.”
“It’s fantastic to see that our strategy of innovating on customer experience through technology is paying off,” said Mr. Cameron Warden, CEO of Timo. “We’re excited to be a true catalyst for change in the banking sector in Vietnam.”
The “Asiamoney Best Bank Awards” were created to identify which banks in each market across Asia have excelled across a range of core banking activities over the past year. The 2019 awards ceremony honored participating banks across categories such as Best Domestic Bank, Best Bank for SMEs, Best Corporate & Investment Bank, Best International Bank, Best Digital Bank, and Best Bank for CSR.
Winners are determined by a team of senior journalists, chaired by Euromoney’s editor, after receiving detailed submissions from market participants and research into the banking and capital markets by the editorial committee. Senior editors also visited each country or territory to meet leading bankers and gather client and competitor feedback.
For Timo, this is a prestigious award in the field of banking, evaluated by a team of highly-qualified Asiamoney award advisors and senior journalists via surveys and interviews conducted with random participants to receive their responses and sentiment toward a particular brand.
Enthusiasm for Timo in Vietnam has been growing, just like its customer base, which is a little over 250,000 in four short years since opening its doors in four locations in Ho Chi Minh City, Hanoi, Da Nang, and Can Tho. The hybrid “Hangout” coffee shop concept resonates well with Timo’s younger target demographic, who love the fact that they can open a bank account on their phone while sitting in a coffee shop.