VPBank innovates in advanced digital core banking through OneConnect technology
VPBank, a leading financial institution in Vietnam, is set to enhance its operations with significant investments and strategic partnerships.
In a notable move, the International Finance Corporation (IFC) is considering a $200 million investment in a five-year sustainability bond. This bond will be privately issued by VPBank, marking a significant step towards sustainable financing.
To bolster its digital capabilities, VPBank has turned to OneConnect, a global fintech expert under Ping An Group from China. The solution provided by OneConnect is expected to help VPBank serve millions of customers daily, thereby improving efficiency and customer experience.
The cooperation between VPBank and OneConnect is more than just a partnership; it signifies the starting point for further strategic collaborations. OneConnect's expertise is believed to enable VPBank to boost operational efficiency and adapt to the rapidly evolving digital landscape.
VPBank's digital transformation journey isn't limited to OneConnect. On July 29, VPBank signed a $350 million loan facility with SMBC, partner Development Finance Institutions (DFIs), and bilateral agencies.
In a separate development, VPBank announced the integration of Amazon Web Services' Skill Builder into its cloud computing training programme on August 7. This move aims to equip VPBank's workforce with the necessary skills to navigate the digital banking landscape effectively.
The company implementing the new digital banking system at VPBank and GPBank is none other than OneConnect. This partnership underscores VPBank's commitment to digital transformation and its strategic approach to partnerships.
As VPBank continues to evolve and adapt, it is clear that the future of banking in Vietnam is on the cusp of a digital revolution. With its strategic investments and partnerships, VPBank is well-positioned to lead this transformation.
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