Vietnam-based private sector lender Techcombank has selected Intellect Global Transaction Banking (iGTB) to digitally transform its transaction banking business.
Under the terms of the partnership, iGTB will deploy a complete digital transaction banking (DTB) platform that will allow the bank to provide latest digital solutions to its SME and corporate customers.
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Techcombank transformation director of transaction banking Son Thanh Phan said: “Through this transformation, Techcombank will grow customer satisfaction and enhance customers’ experience when transacting with the Bank and, thereby, improve customer loyalty.
“The implementation of DTB with an option of a self-service digital portal and a bank assisted service will integrate a number of previously separate platforms, giving Techcombank’s clients – from SMEs to multinational corporations – a consistent and consolidated view of their working capital funds, payment activities, status of collections and receivables, whilst at the same time helping clients access and monitor all trade and supply chain finance requirements, regardless of in which the jurisdiction they operate.”
Vietnam has received more than $200bn of inward investment over the last 25 years ($71bn foreign direct investment in 2008 alone), into more than 14,000 projects.
Two months ago, the one of largest- private equity investment in Vietnam, was made into Techcombank.
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