SINGAPORE, Feb. 26, 2022 /PRNewswire/ — On February 25th, 2022, within the official visit of Vietnamese President Nguyen Xuan Phuc to Singapore, HDBank signed a cooperation agreement with Thought Machine group – the world’s leading core banking solution provider.
On behalf of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) – Digital Banking President Marcin Miller gave the agreement to apply advanced technology solutions to digital banking services in Vietnam to Mr. Nick Wilde – Managing Director APAC of Thought Machine (UK)
On behalf of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) – Digital Banking President Marcin Miller gave the agreement to apply advanced technology solutions to digital banking services in Vietnam to Mr. Nick Wilde – Managing Director APAC of Thought Machine (UK)
In Vietnam, HDBank cooperates with Thought Machine to develop the latest version of the world’s leading core banking solution to replace the current core banking solution and develop a new standard for the modern core banking technology in future.
Accordingly, HDBank and Thought Machine agree to cooperating in developing and deploying technology solutions on the modern cloud platform Amazon Web Services (AWS) for the financial services in Vietnam. Specifically, Thought Machine will provide innovation systems for HDBank to assist HDBank in accessing flexibly a modern technology platform and actively applying core banking technology using microservices architecture based on the cloud computing platform.
From this platform, HDBank integrates confidently and strongly with the world’s most modern digitalization trend, thereby, providing the best modern financial and banking products and services to all customers in the shortest of time and with the unique personalization.
Two years ago, on May, 2020, HDBank was the first Vietnamese bank participating in Contour, a global network established on the blockchain platform, marking the dynamic step of the Vietnamese bank in its strong digital transformation.
As a bank that actively promoting to apply digitalization to business and operations, HDBank has accelerated the implementation of key digitalization projects for many years which bringing exciting experiences and maximum convenience to customers.
In the development strategy for the 2021 – 2025 period, HDBank continues to expand its scale to increase the number of digital users and the level of digitalization, aiming to increase the rate of digital transactions to above 90% by 2025 and successfully becoming the Happy Digital Bank – a modern digital bank developing for the happinesses of each customers.
More information:
Thought Machine is the only core banking service provider which supporting world-class Tier 1 banks. JPMorgan Chase, Lloyds Banking Group, Intesa Sanpaolo and Standard Charterd and many others bank around the world have chosen Thought Machine to help improve their banking capacity in future. The company has raised more than $340m in funding, at a billion dollar plus valuation, and has headquarters in London, with regional offices in New York, Singapore, and Sydney.
HDBank is one of the Vietnamese leading commercial banks with the charter capital of VND 20,273 billion; the total assets reached more than VND374,000 billion. After 32 years of operations, now HDBank has 320 banking transaction offices and nearly 21,000 financial points of sales over the country which serving 10 millions of customers with a diverse products and services including the outstanding digitizing applied products and services.
Support Independent Community Journalism
Dear Reader,The Indian Sun exists for one reason: to tell stories that might otherwise go unheard.
We report on local councils, state politics, small businesses and cultural festivals. We focus on the Indian diaspora and the wider multicultural community with care, balance and accountability. We publish in print and online, send regular newsletters and produce video content. We also run media training programs to help community organisations share their own stories.
We operate independently.
Community journalism does not have the backing of large media corporations. Advertising revenue fluctuates. Platform algorithms change. Costs continue to rise. Yet the need for credible, grounded reporting in a multicultural Australia has never been greater.
When you support The Indian Sun, you support:
• Independent reporting on issues affecting migrant communities
• Coverage of local and state decisions that shape daily life
• A platform for small businesses and community groups
• Media training that builds skills within the community
• Journalism accountable to readers
We cannot cover everything, but we work to cover what matters.
If you value thoughtful reporting that reflects Australia’s diversity, we invite you to contribute. Every donation helps us maintain the quality and consistency of our work.
Please consider making a contribution today.
Thank you for your support.
The Indian Sun Team
