Deposit Insurance of Viet Nam (DIV) has officially operated a new information and communication system for its business process related to deposit insurance.— Photo baodauthau.vn

HA NOI (Biz Hub)) — Deposit Insurance of Viet Nam (DIV) has officially operated a new information and communication system for its business process related to deposit insurance.

The system is a key component of the World Bank's Financial Sector Modernisation and Information Management System project in Viet Nam. The system was being developed by the FPT IS since November 2014.

The project aims to provide the DIV with a centralized database for information management and collection, which can connect to the SBV database; improve DIV's business performance with advanced software solutions and equip it with a disaster recovery system, ensuring the continuity of DIV operations.

The system will help improve DIV's efficiency in performing its important role in the protection of depositors, while contributing to enhance the sharing and use of information and increase effectiveness in ensuring the safety and stability of the organisation's 1252 insured deposits, comprising 92 commercial banks, cooperative banks and credit funds; 1,156 people, and three microfinance institutions. — VNS