ANZ Vietnam CEO Tareq Muhmood introduces the ANZ Transactive platform. — VNS Photo

HA NOI (Biz Hub) ― ANZ Bank on Wednesday launched ANZ Transactive, an online corporate banking service, in Viet Nam.

Viet Nam is the third market in Asia where the bank is launching ANZ Transactive after Hong Kong and Singapore.

ANZ Vietnam CEO Tareq Muhmood said the new platform would further strengthen the bank's capability to support local clients with increasing straight-through processing and cross-border transaction needs.

The tool would help businesses better manage liquidity and cashflow, save costs and improve risk management.

"Viet Nam is an important, high-growth market for ANZ and our continued investment in technology and improved platforms demonstrates our strong commitment in this market," Tareq said.

"The current banking situation is quite tough but now is really the time for us to continue investing. In a hard time, businesses are focusing more on cost management and efficiency." ― VNS