Sunday, November 3, 2024
15.3 C
New York

Vietnam International Bank taps AWS and Temenos for cloud core banking upgrade

  • Vietnam International Bank (VIB) has partnered with Amazon Web Services (AWS) and ITSS to implement the latest Temenos core banking version, R23.
  • VIB becomes the first bank in Vietnam to adopt the Temenos core banking system on a cloud computing platform.
  • The move is part of VIB’s efforts to transform its banking operations to meet increasing customer demand for digital experiences and evolving technology.
  • The core banking modernization project with Temenos, AWS, and ITSS aims to create a strong foundation for serving customers in the digital era.
  • AWS’ technology platform is expected to enhance security, streamline operations, reduce tech infrastructure costs, and minimize downtime during peak traffic for VIB.
  • This initiative aligns with the broader trend of Asian enterprises leveraging AWS and Temenos solutions to revamp their IT infrastructures and stay competitive in the evolving banking landscape.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

AI co-pilot solution Reflexivity raises $30m Series B led by Greycroft and IBKR

Funding Round: Reflexivity raised $30 million in a...

Dutch paytech Online Payment Platform secures EMI licence in the UK

EMI License: Online Payment Platform (OPP) has received...

New digital wallet Kuady launches in several LatAm markets powered by Mambu

Launch: Open Payment Technologies has launched Kuady, a...

Citi pens multi-year cloud and AI tech modernisation deal with Google Cloud

Partnership Announcement: Citi has entered a multi-year partnership...

Triodos Bank’s UK CEO Bevis Watts to step down in 2025

Bevis Watts to Step Down: Bevis Watts, CEO...

American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner

Acquisition Details: American Express (Amex) will buy UBS’s...

Related Articles

Popular Categories

spot_imgspot_img