Vietnam’s Leading Commercial Bank Undergoes an Upgrade Transformation | Tech Mahindra

Vietnam’s Leading Commercial Bank Undergoes an Upgrade Transformation

Business Overview

A prominent commercial bank in Vietnam, with 30 years of operational leadership and over 7 million customers in retail and corporate sectors, embarked on a revamp of its transactional and digital banking services. They aimed to enhance technology capabilities and improve risk management. TechM was entrusted with the Core Banking Solution Upgrade and platform transformation.

Challenge

The bank’s primary focus was to revamp the Banking Solution into a Digital Banking solution for their retail and corporate business to cater to their increasing customer base and flexible banking demands.

HeroAIData
HeroAIData

Approach & Solution

Successful Core Banking System (CBS) Upgrade

The upgrade of the Core Banking System (CBS) along with hardware transformation from HP Superdome to IBM Red hat Linux-One has been successfully done by TechM Limited. This project also included the User GUI transformation in order to take advantage of the latest application features.

On-Time Project Completion

Considering that this was one-of-a-kind CBS on Linux-One hardware, the Bank’s huge local customization & huge database, the project was completed on time within 10 months.

Business Benefits

Effective Project Management

A time-managed complex project that was completed within the envisaged timelines and to the satisfaction of the client.

Complete Transformation

Hassle-free transformation from a legacy version to the latest version of the CBS.