Sacombank upgrades core banking system

Saturday, Jun 09, 2018 13:32

Sacombank and Temenos executives at a ceremony in HCM City to mark the start of the lender’s upgrade of its core banking system from the Swiss company’s T24 –R11 platform to T24-R17. — VNS Photo

Swiss IT company Temenos has begun to upgrade Sacombank’s core banking system.

The switch from the company’s T24 –R11 platform to the latest T24-R17 platform will be completed in September 2019.

Sacombank is the first lender in Viet Nam to upgrade to the R17 version, which boasts breakthrough features and is considered highly suitable for digital banking.

Nguyen Xuan Vu, member of Sacombank’s executive board, who is overseeing the upgrade, said it would enable the bank to improve its operational efficiencies and compliance and risk management and develop new innovative products quickly.

Temenos is a global leader in banking software and has over 3,000 clients, including 41 of the top 50 banks. — VNS

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