Technology Awards 2012

2012 | Awards

Monday, June 25th, 2012

Best Technology CEO

Benjamin Mophatlane, Business Connexion

North America

Best Retail Banking Systems Provider
Fidelity National Information Services

Best Private Banking Systems Provider
CAIS Group

Best Mobile Banking Technology
NCR

Best Financial Technology Consultants
FTI Consulting

Best Middle & Back Office Solutions Provider

Financial Software Systems

Best IT Outsourcing Company
IBM

Best Network Infrastructure Provider
Amphenol

Best Security Technology Company
McAfee

Best Wireless Technology Provider
SATO

Best Business Intelligence Software Provider
MicroStrategy

Best Automated Banking Branch Technology
Cisco

Best Environmental Services Technology Company
Quantum Technologies

Best Accounting Technology
Intuit Quickbooks

Best Technology & Innovation Park
Stanford
Research Park

Best Payment Technology Provider
Ingenico

Western Europe

Best Retail Banking Systems Provider
Strategic Information Technology

Best Private Banking Systems Provider
CAIS Group

Best Mobile Banking Technology
NCR

Best Financial Technology Consultants
IBM

Best Middle & Back Office Solutions Provider
Rule Financial

Best IT Outsourcing Company
Frontier Technology

Best Network Infrastructure Provider
InterTech

Best Security Technology Company
F-Secure

Best Wireless Technology Provider
Calypso Networks Association

Best Business Intelligence Software Provider
MicroStrategy

Best Automated Banking Branch Technology
Diebold

Best Environmental Services Technology Company
AMEC

Best Accounting Technology
NetSuite

Best Technology & Innovation Park
Adlershof

Best Payment Technology Provider
Ingenico

Eastern Europe

Best Retail Banking Systems Provider
Diasoft

Best Private Banking Systems Provider
ARBES Technologies

Best Mobile Banking Technology
Banksoft

Best Financial Technology Consultants
Advanced Risk Management

Best Middle & Back Office Solutions Provider
Calypso Technology

Best IT Outsourcing Company
GOWI

Best Network Infrastructure
Provider
Veracomp

Best Security Technology Company
Symantec

Best Wireless Technology Provider
ASEC

Best Business Intelligence Software Provider
Exact

Best Automated Banking Branch Technology
AXSPoint

Best Environmental Services Technology Company
ABB

Best Accounting Technology
Cashbus

Best Technology & Innovation Park
Suwałki Science & Technology Park

Best Payment Technology Provider
Ingenico

Latin America

Best Retail Banking Systems Provider
Itautec

Best Private Banking Systems Provider
Murex

Mobile Banking Technology
Sybase

Best Financial Technology Consultants
AEC

Best Middle & Back Office Solutions Provider
Proxis

Best IT Outsourcing Company
CINQ Technologies

Best Network Infrastructure Provider
Red Hat

Best Security Technology Company
Itautec

Best Wireless Technology Provider
Venture Research

Best Business Intelligence Software Provider
Panorama Software

Best Automated Banking Branch Technology
Itautec

Best Environmental Services Technology Company
Hitachi

Best Accounting Technology
SYSPRO

Best Technology & Innovation Park
Zonamerica

Best Payment Technology Provider
Ingenico

Middle East

Best Retail Banking Systems Provider
Mubasher

Best Private Banking Systems Provider
CAIS Group

Best Mobile Banking Technology
CR2

Best Financial Technology Consultants
Mubasher

Best Middle & Back Office Solutions Provider
Paladyne

Best IT Outsourcing Company
W3infotech

Best Network Infrastructure Provider
Ericsson

Best Security Technology Company
Symantec

Best Wireless Technology Provider
Al Fahim Group

Best Business Intelligence Software Provider
Sybase

Best Automated Banking Branch Technology
Mubasher

Best Environmental Services Technology Company
Bayer

Best Accounting Technology
Exact

Best Technology & Innovation Park
Qatar Science & Technology Park

Best Payment Technology Provider
Ingenico

Asia

Best Retail Banking Systems Provider
InfraSoft

Best Private Banking Systems Provider
Infosys

Best Mobile Banking Technology
Rubik

Best Financial Technology Consultants
Jatis Group

Best Middle & Back Office Solutions Provider
IRESS Market Technology

Best IT Outsourcing Company
Colnovation Technologies

Best Network Infrastructure Provider
MindTree

Best Security Technology Company
AVG

Best Wireless Technology Provider
Impinj

Best Business Intelligence Software Provider
Fujitsu

Best Automated Banking Branch Technology
i-flex

Best Environmental Services Technology Company
Flour Group

Best Accounting Technology
Intuit Quickbooks

Best Technology & Innovation Park
Hong Kong Science & Technology Parks Corporation

Best Payment Technology Provider
Ingenico

Australasia

Best Retail Banking Systems Provider
VMware

Best Private Banking Systems Provider
DST Global Solutions

Best Mobile Banking Technology
Sandstone Technology

Best Financial Technology Consultants
Deloitte

Best Middle & Back Office Solutions Provider
PAC-INVEST

Best IT Outsourcing Company
Cognizant

Best Network Infrastructure Provider
Decimal

Best Security Technology Company
DS3

Best Wireless Technology Provider
Telstra

Best Business Intelligence Software Provider
SAS

Best Automated Banking Branch Technology
ITS

Best Environmental Services Technology Company
Veolia

Best Accounting Technology
Palladium Technology

Best Technology & Innovation Park
Australian Technology Park

Best Payment Technology Provider
Ingenico

Africa

Best Retail Banking Systems Provider
RPC Data

Best Private Banking Systems Provider
IRESS

Best Mobile Banking Technology
Zain

Best Financial Technology Consultants
The IQ Business Group

Best Middle & Back Office Solutions Provider
Infosys

Best IT Outsourcing Company
Netsurit

Best Network Infrastructure Provider
MTI

Best Security Technology Company
MessageLabs

Best Wireless Technology Provider
RSA

Best Business Intelligence Software Provider
TIBCO

Best Automated Banking Branch Technology
Siebel Systems

Best Environmental Services Technology Company
Dow AgroSciences

Best Accounting Technology
Workday

Best Technology & Innovation Park
Casablanca Technopark

Best Payment Technology Provider
Ingenico

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Latest Issue

The May – June 2013 Issue

Latest headlines

Top 5

Highest corporate tax
rates in Europe

European countries are scrambling to raise every last penny of funds through taxes. But some countries may have gone too far...

Belgium

Though all business taxes in Belgium can be paid online with little effort and preparation, the rates are still sky-high at 57.7 percent, including a staggering 50.8 percent total rate on profits only in social security contributions.

Belarus

In Belarus, a company spends up to 338 hours annually preparing for and paying ten different taxes and duties. The total tax rate has incredibly been lowered to 60.7 percent, from 117.5 percent in 2008.

France

A company in France pays seven different taxes and duties, the sum of which can amount to 65.7 percent of profits; though President François Hollande has announced a wave of business tax rate cuts coming up.

Estonia

A business in Estonia pays 67.3 percent of profits in tax, 37.2 percent exclusively in social security contributions. The country has gone against the grain in Europe by raising businesses taxes from 48.6 percent in 2008 to the current rates.

Italy

While corporate income tax (IRES) in Italy is limited to 38 percent of taxable profit, a company operating in Italy can expect to pay 14 other taxes and duties, including social security contributions, bringing their total payable tax to 68.7 percent of profits, according to the World Bank.

Norway

Norway taxes motor fuels twice, with a road use tax and a CO2 emissions tax. Combined with strikes in the energy sector that have curbed output, the price of gas at a local pump has soared to $10.12 per gallon.

Turkey

Though Turkey sits on the Suez Canal and neighbours many oil rich countries, the price of a gallon of average gas clocks in at $9.41 in Turkish pumps, because of a 60 percent share of taxes. 

Israel

Like Turkey, Israel is surrounded by oil-rich neighbours, but drills very little itself. Gas prices are controlled by the government, so about half of the $9.28 per gallon goes to taxes.

Hong Kong

There are few gas stations in Hong Kong, but the ones available charge up to 76 percent more per gallon than mainland China, where the government caps the cost of fuel. A gallon at the pumps will cost around $8.61 on the island.

Netherlands

Expensive labour costs make the Dutch petrol prices the dearest in Europe, at $8.26 per gallon; though the 57 percent tax add-ons don’t help.

The credit crisis

8 February 2007
HSBC warns of subprime mortgage losses

2 April 2007
New Century goes bus

14 September 2007
Wholesale markets have dried up

17 March 2008
Rescue of Bear Stearns

7 September 2008
Rescue of Fannie Mae

15 September 2008
Lehman Brothers file for bankruptcy

3 October 2008
US congress approves $700bn bailout

14 February 2009
$787bn stimulus approved by congress

 

The effects of the current financial crisis are global and irrefutable. With the collapse of Lehman Brothers, the domino effect of irresponsible public monetary policies, huge levels of unsustainable debt, and a deregulated financial sector, has escalated to the point where no corner of the globe has been left untouched.

1973 oil crisis

October 1973
Syria and Egypt launch an attack on Israel on Yom Kippur and set off a twenty day war;

1977
US President Carter creates Department of Energy, which develops the US strategic petroleum reserve

 

The Organisation of Petroleum Exporting Countries (OPEC) used their oil reserves as a weapon with the Arab Oil Embargo against those who supported Israel. By January 1974, world oil prices were four times higher than they were at the start of the crisis, especially in the US, and the shock led to a huge drop in the stock market with NYSE losing $97bn in just six weeks.  The embargo lasted five months, and the effects are still seen today.

German hyperinflation

1922-1923

Hyperinflation
1923 – 1924
Stabilisation

 

The trouble began when Germany missed a repatriation payment, worth about one third of the German deficit in this period. Inflation was already high but by 1923 it was raging. Prices doubled within hours, and by late 1923, it cost 200bn marks to buy a single loaf of bread. People burned money as it was cheaper than buying firewood. Germany eventually regained control of its economy when it introduced the Rentenmark into circulation in 1923, and then the Reichmark in 1924.

The Great Depression

1929-1933
The Great Crash
1934-1939
Recovery and Recession

 

After the decadence of the Roaring Twenties, the 1930s saw the biggest economic slump of all time. The stock market crashed on 29 October 1929, and optimism and decadent living tumbled along with the figures. The GDP fell from $103.6bn in 1929, to $66bn in 1934 and the subsequent years of recovery were the most dramatic in US history.

1907 bankers’ panic

1907
Otto Heinze and his brother Augustus Heinze bought shares of United Copper.

 

The stock market was already cautious over the tight money supply, but the US was thrown into a depression after the stock market fell nearly 50 percent from its peak in 1906. The Heinze brothers thought they could influence market shares but ended up bankrupting lenders that provided the financing to buy the stock. A chain reaction left nine institutions bankrupt. By February 1908, the panic was over and the government created the Federal Reserve system, to prevent banks from exercising too much control over the economy.

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