Tag "VPBank"
VPBank’s Subsidiary Invests US$30 Million in Vietnam’s Be Group
Be Group, a Vietnamese ride-hailing company and competitor of Grab superapp, has secured 739.5 billion dong (approximately US$30 million) from VPBank Securities, a subsidiary of Vietnam Prosperity Joint Stock Commercial Bank (VPBank). Through this investment, VPBank Securities will be a
Read More
VPBank Selects Amazon Web Services as Its Cloud Provider
The Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) has selected Amazon Web Services (AWS) to help it build digital banking experiences for its customers. VPBank will use AWS SageMaker and AWS AI Services to enhance its analytics capabilities and accelerate the
Read More
VPBank Sells off 15% Stake to Japan’s SMFG in US$1.5 Billion Deal
Japan’s Sumitomo Mitsui Financial Group (SMFG) has inked a deal to acquire a 15% equity stake in Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) for approximately US$1.5 billion. The deal is set to be finalised by the end of 2023. The
Read More
Mambu Replaces Vietnamese Digibank Cake’s Core Banking Platform in Under 3 Months
SaaS cloud banking platform Mambu has worked with Vietnamese digital bank Cake, a collaboration between Be Group and VPBank, to replace its core banking technology in just 74 days. The core replacement project will enable Cake to rapidly launch flexible
Read More
Vietnam’s Digibank ÜBank Leverages Backbase to Roll out 50 New Features in a Month
Übank, Vietnamese digital bank powered by VPBank, has partnered with digital banking software provider Backbase to leverage its cloud solution to enhance the bank’s mobile banking experiences and offerings. The digital bank reportedly managed to release of nearly 50 new
Read More
Vietnamese Digital Bank Cake Taps Mambu’s Cloud Platform to Scale Its Operations
Vietnamese digital bank Cake announced that it has selected cloud banking platform Mambu to scale its business towards offering a full suite of digital banking services. Launched in January 2021, Cake is a collaboration between Be Group, the organisation behind
Read More
Finastra Upgrades VPBank’s Legacy Core Banking System For Treasury Operations
Finastra has helped VPBank separate its treasury operations from its legacy core banking system with its Fusion Kondor and Fusion Risk solutions. Delivered through Finastra’s Fusion Adopt implementation program, this move to a modern system will enable the bank to
Read More
Flywire and VPBank Partner on International Tuition Payments for Vietnamese Students
Flywire and VPBank announced a new partnership that will simplify international tuition payments for Vietnamese students. Working together the companies are addressing the unique requirements and nuances of the Vietnamese market and ensuring compliance with local regulations while offering students and
Read More
Timo Went Social With Social Invites, TimoMe and Timo MasterCard
3 months after launch, Timo bank application, which is powered by VPBank has acquired over 10,000 new accounts. For the next evolution of Timo, new social features and a new product will be launched this month. At the award ceremony #TimoFriends, Social Invites was
Read More