VIB, Microsoft team up to to boost service speed and innovation

Wednesday, Sep 29, 2021 11:05

Tran Nhat Minh Deputy CEO and CIO of VIB poses for a photo with the partnership certificate. — Photo courtesy of VIB

The Vietnam International Bank (VIB) and Microsoft Vietnam has announced a three-year strategic partnership to leverage Microsoft Azure as the preferred cloud platform to accelerate the pace of innovation, create valuable new services to meet present and future banking needs of customers.

"Cloud computing has become a trend around the world. For the banking industry, this is no longer a technological concept but actually a strategy that can help improving customer experience, accelerating product development, enhancing security, optimising costs and pioneering in applying new technologies into services," Han Ngoc Vu, VIB CEO said.

"We believe that using cloud-based solutions is unavoidable going forward, and choosing Microsoft as strategic partner for multi-cloud platform development is an appropriate venue for us," Vu said.

Microsoft capabilities will empower VIB to create a multi-cloud ecosystem using Microsoft Azure as the primary cloud for VIB applications, while ensuring the same applications can move or run across a secondary cloud if necessary, VIB said in a statement.

In the next three years, VIB will prioritise transferring and hosting its applications and business platforms on the cloud. During the process, the bank is simultaneously modernising and shifting the computing workload including business applications and end-user computing needs to this new platform, it said.

Under the agreement, the two sides will also deploy important projects on Cybersecurity, Big Data, AI, Open API, IoT and Modern Workplace to achieve VIB's digital transformation process.

In addition, Microsoft will provide training and certification for VIB employees to ensure that the human resources are qualified with the best skills in applying technologies to the working process and implementing work tasks.

VIB’s cloud migration strategy started with the preparation of the elements of technology and human resources. From the beginning of this year, the bank has pioneered in using cloud technology in some projects.

The speed and scale of continuous innovation offered by Microsoft Azure will allow VIB to create a secure, high-speed, low-latency infrastructure while reducing the cost of integrating multi-clouds with its existing IT system while providing a better banking user experience, according to VIB. — VNS

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