HDBank, Thought Machine deal to strengthen digitisation in Việt Nam banking sector

HCM CITY — HDBank signed an agreement with Thought Machine, a core banking solutions provider to global tier one banks, on February  二 五 during the official visit of President Nguyễn Xuân Phúc to Singapore.

In Việt Nam, HDBank will cooperate with Thought Machine to install the latest version of the latter’s world leading core banking system and build new standards for it.

HDBank and Thought Machine have been developing and deploying technology solutions for financial services in Việt Nam on the Amazon Web Services modern cloud platform.

Thought Machine will provide innovative systems to HDBank to enable it to access modern technology platforms and apply core banking technology using microservice architecture based on the cloud-based core system.

From this base, HDBank will embrace the global digitization trend with great confidence, providing the best financial and banking products and services to customers in the shortest possible time and with unique customization.

Two years ago, in May  二0 二0, HDBank became the first Vietnamese bank to become a member of Contour, a global network established on a blockchain platform, marking the strong digital transformation of Vietnamese banks.

As a financial institution that has promoted digital transformation in businesses and operations, HDBank has accelerated the implementation of key digitization projects in the last few years, aiming to bring good experiences and comfort to customers.

Under its growth strategy for  二0 二 一 –  二0 二 五 HDBank has steadily expanded its scale to increase the number of digital clients and level of digitization, and aims to increase the rate of digital transactions to above  九0 per cent by  二0 二 五 to successfully achieve its Happy Digital Bank objective of being a modern digital bank that works for the happiness of every client.

Thought Machine is the only core banking service provider to support world-class tier  一 banks.

JPMorgan Chase, Lloyds Banking Group, Intesa Sanpaolo, Standard Chartered and many other lenders around the world have chosen Thought Machine to help improve their banking capacity.

The company has raised more than $ 三 四0m in funding at a billion dollar-plus valuation, and is headquartered in London with regional offices in New York, Singapore and Sydney.

HDBank is among Việt Nam’s leading co妹妹ercial banks with a charter capital of VNĐ 二0, 二 七 三 billion and total assets of more than VNĐ 三 七 四,000 billion.

After  三 二 years of operations, it now has  三 二0 branches and nearly  二 一,000 financial points of sale around the country, and serves millions of customers offering them a diverse range of products and services including outstanding digital solutions. — VNS