Diasoft, a global provider of cutting edge core banking solutions, announced today that its innovative Flextera suite has been implemented by Vietnam International Bank (VIB), Hanoi, to support the bank's extensive development strategy.
Within only 3 months period Diasoft has successfully completed the first project stage of the automation of VIB payment management processes.
Being one of Vietnam's leading banks and a pioneer in reforming business activities, VIB is making great efforts to be the most innovative and customer-centric bank in Vietnam. The bank always takes its customers as the focus and its service quality and innovative solutions as the business motto. With more than 150 branches & offices in 27 key cities and provinces, the bank is determined to enhance its IT platform to ensure the highest quality of its customer interaction and efficient support of its business strategy.
To support its development aims, VIB has selected the cutting edge FLEXTERA suite of financial products to raise the efficiency of the bank's business processes related to different aspects of its business. The solution is based on the innovative, business process driven approach to banking automation, with the users being guided by the system through the subsequent steps of the predefined algorithms to ensure both fast and accurate work, reduced user errors and improved efficiency. All business processes are flexibly customizable and adjustable to support the bank's existing and future business rules. This allows arranging a highly efficient support of all banking procedures.
The first project stage involved the implementation of a centralized payment system that allowed the bank to centralize and raise the efficiency of its payment management processes and to reduce operating expenses associated with these processes. Diasoft's team ensured the highest quality of works within an agreed limited timeframe. After successful completion of the first project, Diasoft will embark on other project stages that involve step-by-step automation of other critical business processes.
"The choice of FLEXTERA and Diasoft is not just the selection of a technology to support our today's deveelopment. It is a thorough selection of a strategic partner for a long term development of our business. We believe that a multi-component FLEXTERA solution based on the most advanced technologies will allow us to streamline our business processes and increase the quality of our services", said Mr. Tran Nhat Minh, VIB BOD member.
"Through the first project with Diasoft, we can immediately see positive results impacted in the way we process internal payments at more than 150 branches & offices across the bank. FLEXTERA solution is assessed as user-friendly and convenient by users in the bank. What is important for us is that the solution's componentized architecture allows us to gradually increase its functionality and immediately start using the first project results", said Mr. Ho Van Long, CFO, Vietnam International Commercial Joint Stock Bank.
"VIB Bank is our first customer in Vietnam and we are proud of being selected by such a provisional and innovative financial organization", commented Mikhail Kryuchkov, Director, Global Markets, Diasoft. "Asia Pacific is a very dynamic and rapidly growing market. We at Diasoft are happy to help banks keep pace with this rapid development and raise their competitive strength by implementing the best global technologies".