LPBank partners with Temenos for core banking upgrade:
- LPBank, a top private commercial bank in Vietnam, collaborates with Temenos for a core banking upgrade.
New capabilities and support by Temenos:
- Temenos’ core platform will provide LPBank with enhanced capabilities for lending, deposits, payments, foreign exchange, trade finance, data, and virtual accounts.
- It will support process automation to reduce operational errors and enhance risk management efficiency.
LPBank’s modernization goals:
- LPBank aims to improve the performance and efficiency of managing customer accounts and transactions.
- They seek to offer customised products to customers quickly and at a reduced cost.
Tailored solutions for the local market:
- LPBank plans to use Temenos’ “Vietnam Country Model Bank” solution to offer products and services tailored to the local market.
Digitized customer experience:
- The new core banking system will create a fully digitized customer experience journey, from the beginning to the end of transaction channels.
Temenos’ presence in Vietnam:
- Temenos has gained a foothold in Vietnam, with 24 other Vietnamese banks already running on the firm’s platform, including Sacombank, Saigon-Hanoi Bank, and Techcombank.
