Southeast Asian consumer finance firm Akulaku gets $70m funding
Round includes support from Sequoia India and BlueSky Venture Capital.
Vietnam
VPBank launches lively new digital bank Yolo
Vietnamese bank targets younger generation with “unlimited connectivity” to lifestyle service providers.
VPBank vavooms with new digital credit card
Vietnamese bank’s consumer finance division offers MPlus+.
Vietcombank revamps trade finance tech with Finastra
Finastra’s Fusion Corporate Channels and Trade Innovation will cover front-to-back office trade finance ops.
Vietcombank in lendtech revamp with ACP
Axe Finance’s Axe Credit Portal to modernise wholesale lending tech at Vietcombank (VCB).
LenddoEFL psychometric scoring solution launches in Vietnam
Entrepreneurial Finance Lab has furthered its reach across Asia.
Doreming brings it for Lien Viet Post Bank retail banking ambitions
Doreming, a Japanese financial inclusion firm, has signed a memorandum of understanding (MoU) with Lien Viet Post Bank to build a solution for managing and paying wages to workers in Vietnam through the bank’s Vien Viet non-physical card. Doreming provides businesses with an HR platform that enables workers to receive pro-rata payments, “easing cash flow […]
Vietnam welcomes first derivatives market and clearing house, GMEX provides tech
Vietnam’s first derivatives market and clearing house has gone live on the GMEX Technologies platform. The project is a collaboration between Hanoi Stock Exchange and Vietnam Securities Depository, and has been carried out together with local system integrator FPT Information System.
State Bank of Vietnam live with new core banking system, Temenos T24
State Bank of Vietnam (SVB), the country’s central bank, is live with new core banking system, Temenos’ T24. The bank has also implemented Oracle ERP (accounting and budgeting) and Tibco’s middleware.
Scale360 powers TPBank digital branch network in Vietnam
It’s another farewell to tradition as Vietnam’s TPBank has opted for Scale360’s “Digital Branch” network across the country. The digital option from Scale360, a UK-based fintech start-up with a development centre in Bangkok, replaces the usual brick-and-mortar branch with a video link. The bank plans to open 50 such branches across Vietnam. Branded as TPBank’s […]
Diasoft scores second win in Vietnam with TPBank
Russia-based banking tech vendor Diasoft has landed its second deal in Vietnam, with TienPhongBank (TPBank). TPBank will implement Diasoft’s loan origination and debt collection solutions, part of a broader Flextera software suite. Diasoft’s first contract in Vietnam (and the vendor’s first in South East Asia) – signed in 2013 – is with Vietnam International Bank […]
VPBank revamps omnichannel banking with SAP; plans new digital bank
Vietnam’s mid-tier banking player, Vietnam Prosperity Bank (VPBank), has implemented a new digital solution, SAP’s Omnichannel Digital Platform. Omnichannel Digital Platform stems from the Sybase 360 product that came SAP’s way with the acquisition of Sybase in 2010. The new solution was deployed in one year at VPBank, with online and mobile components for retail […]
Vietnam’s TienPhongBank stops attempted fraud through Swift system
Vietnam’s TienPhongBank (TPBank) says it has stopped an attempted wire fraud that involved the use of “fraudulent” Swift messages. The bank said in a statement late on Sunday (15 May), in response to inquiries from Reuters, that in Q4 2015 it “identified suspicious requests through fraudulent” Swift messages to transfer more than €1 million in […]
BPCE implements new core banking system in Vietnam, Sopra Banking Amplitude
Vietnam-based subsidiary of France’s major financial group, BPCE, is implementing a new core banking system, Sopra Banking Amplitude. The new solution will cover front-to-back office operations of the bank, including digital banking functionality. The system is supplied by Sopra Banking Software. The project follows the reorganisation of BPCE’s operations in Vietnam, with the business moved […]
