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Vietnam’s Lien Viet Put up Joint Inventory Industrial Financial institution (LPBank) has chosen banking software program firm Temenos to modernise its core banking platform for retail and company banking.
The brand new system will allow LPBank to handle buyer accounts and transactions throughout its retail and company actions with improved efficiency and effectivity, and supply personalised merchandise, sooner and at a decrease price.
The retail and company core banking resolution for LPBank consists of banking capabilities for lending and deposits, commerce finance, international alternate, funds, information and digital accounts.
LPBank may also profit from Temenos’ Vietnam Nation Mannequin Financial institution, which is pre-configured with banking capabilities tailor-made to the native market.
This newest signing additional strengthens Temenos’ presence in Vietnam, with LPBank becoming a member of 24 main Vietnamese banks reminiscent of MB, MSB, Sacombank, VPBank and Techcombank.
Ho Nam Tien
Ho Nam Tien, Vice Chair and Basic Director, LPBank stated,
“Leveraging Temenos’ market-leading platform, utilized by main banks world wide, will assist LPBank develop quickly and realise our aim of changing into the main retail financial institution in Vietnam – everybody’s financial institution.
The brand new system additionally creates a extra built-in, seamless buyer expertise journey, totally digitised from the start to the top of transaction channels, whereas additionally aiding workers to ship a world-class service.”
Ramki Ramakrishnan
Ramki Ramakrishnan, Managing Director – Asia Pacific, Temenos stated,
“We’re delighted to welcome LPBank as our newest buyer in Vietnam, cementing our market-leading place on this essential market.
The transfer to Temenos will assist LPBank to rapidly adapt their product choices to satisfy client calls for and stay forward of the competitors within the ever-evolving banking panorama.”
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