Temenos signs Vietnam's An Binh Bank to T24
17 July 2007 | 5550 views | 0
Vietnam's An Binh Bank is implementing the T24 platform from Geneva-based Temenos to centralise core banking processes across its retail and corporate banking operations.
The bank is installing Temenos T24 Model Bank - a pre-configured version of the modular core banking application - at its headquarters in Ho Chi Minh City and across its network of 31 branches.
The system, which will replace a locally-developed system, is expected to go live in the third quarter of 2007.
Luu Duc Khanh, CEO, An Binh Bank, says: "T24 enables us to move from a distributed system, with multiple interfaces and manual processes, to a single centralised system across all branches. This will allow us to increase the efficiency and productivity of our operations 24/7."
Temenos is leading the implementation of the system amd says T24 core functionality for retail and corporate banking will be installed on an Oracle 10 database and IBM AIX hardware.
An Binh Bank is also implementing the T24 Vietnam Country Platform to meet local requirements and regulations.
Temenos CEO, Andreas Andreades, says An Binh Bank is the vendor's seventh client in Vietnam.