Vietnam’s MB Bank has signed a MoU with OceanBase to modernise its database infrastructure and strengthen system resilience.
The partnership will use OceanBase’s database technology to improve the scalability and performance of the bank’s IT infrastructure.
MB Bank will retain full control over data management and daily business operations.
The collaboration aims to support the bank’s digital banking services and wider business transformation.
Nguyen Xuan Hoc, Deputy CEO of MB Bank, said,
“At MB Bank, we continuously invest in strengthening the resilience and modernisation of our technology infrastructure to support sustainable growth and deliver reliable services to our customers.
Through this collaboration with OceanBase, we look forward to exploring advanced data infrastructure capabilities that can further enhance business continuity, operational resilience, and readiness for our future digital needs.”
Evan Yang, CEO of OceanBase, said,
“We are excited to partner with MB Bank. Vietnam is emerging as a powerhouse in Southeast Asia’s digital economy, and its banking sector is at the forefront of this transformation.
Through this collaboration, we hope to leverage OceanBase’s proven distributed database technology to better support the modernisation of banking systems in Vietnam and across the broader Southeast Asian market, supporting financial institutions to build future-ready data infrastructures.”
Featured image: Edited by Fintech News Singapore, based on image by OceanBase
