PVcomBank and Vemanti Group from the US on Monday signed a cooperation agreement on developing and providing a digital banking platform for small- and medium-sized enterprises (SMEs).

The digital transformation has been a long-term strategy and vision at PVcomBank, contributing to optimising products and services and providing customers with convenient experiences when making transactions with the bank.

The bank has been focusing all its resources on developing a team of technology experts, looking for reputable partners in providing and developing the digital banking system.

Vemanti Group has strengths and experience in the neobank model development that PVcomBank is also aiming for.

It has experience and knowledge in providing non-traditional financial services, including lending and payment solutions to SMEs in Viet Nam and Southeast Asia. PVcomBank has paid attention to the market segment.

Under the agreement, the bank would offer customers its strengths in network brand value and products. At the same time, Vemanti Group will use cloud computing, APIs, AI, and blockchain technology for the digital platform.

At the same time, the two sides would work together to research and provide SMEs in Viet Nam with innovative digital financial solutions through PVcomBank’s existing core banking system.

The digital banking platform that Vemanti Group provides will allow customers to sign up for an account and access services entirely online while still having the option of physically going to a convenient branch office if needed.

All customers will have access to tailored banking services and financial products that can seamlessly integrate into their business.

Nguyen Viet Ha, deputy general director of PvcomBank said: “Digital transformation is a key goal at PVcomBank, and our management board has rendered long-term strategic directions. We believe that with its professionalism, prestige, and many years of experience in cooperation with international financial institutions, Vemanti Group will support PVcomBank to accelerate progress in comprehensive digitalisation, bringing modern financial solutions with sustainable values ​​for customers.”

Tan Tran, CEO of Vemanti Group, said: “By leveraging Vemanti’s core competence in providing digital solutions to SMEs, we can create fresh banking experience for entrepreneurs and business owners. We are looking forward to co-operating with PVcomBank. With our strength and experience, we can serve PVcomBank’s customers and the financial and banking industry well.”

With each party’s advantages, the cooperation will bring many values ​​and benefits to PVcomBank and Vemanti, elevating their brand values in the market and serving customer needs. — VNS