Leading Vietnamese bank MSB selects Mambu to underpin digital transformation

Leading Vietnamese bank MSB selects Mambu to underpin digital transformation
02.03.2020 11:50 am

Leading Vietnamese bank MSB selects Mambu to underpin digital transformation

Banking

MSB, one of Vietnam’s leading commercial banks, has announced it will adopt Mambu’s cloud-native banking platform as its key technology solution to help the business undergo a radical digital transformation. MSB plans to launch Vietnam’s first digital bank by end of 2020.

Mambu’s composable banking platform will underpin MSB’s move to digital as the business aims to be the first to market with a cloud-based bank offering in the region. Mambu’s pure SaaS technology will be a critical tool to enable flexibility as MSB seeks to better understand customer needs and provide superior customer service.

Confirming the deal, Bryan Carroll, CDO of MSB, said: “There’s no denying that the future of banking is digital, and we want to be a big part of it. We’re investing heavily in our digital transformation and have also assigned significant resources to ensuring we have improved product offerings for our valuable customers. We’ve selected Mambu’s composable platform to build Vietnam’s first digital only bank as it is fully scalable, allowing us to grow quickly and respond with agility to customer needs as they arise. The Mambu platform is also completely configurable, meaning we can design it to meet our specific requirements.”

Myles Bertrand, Mambu’s Managing Director APAC, said: “MSB has a target of becoming the best commercial bank in Vietnam and we will have a hand in helping the business achieve its goal as it undergoes this exciting digital transformation. Mambu’s cloud-native technology is the ideal platform to consolidate MSB’s position as a first-mover in the digital banking landscape in Vietnam.”

Related News

Finzly Wins “Best Enterprise Payments Solution” and “Best of Show” at FinovateFall 2020

Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance,... Read more »

EasySend Raises $16M to Enable Insurance Companies and Financial Institutions to Build a No-Code Digital Future

EasySend, the no-code AI-powered platform transforming manual processes into digital journeys, today announced it has raised $16 million in funding following... Read more »

XPS Accelerates Growth using Cashfac’s Virtual Accounts Platform

XPS Pensions Group is one of the largest pensions consultancies in the UK. They manage the day-to-day administration of over 1,000 corporate pension schemes,... Read more »

Tribe Payments and Currencycloud Partner to Bring New BaaS solution to Fintechs and Digital Banks

Currencycloud, the leader in providing B2B embedded cross-border solutions, and Tribe Payments, a tech company dedicated to deliver the future... Read more »

Avaloq Strengthens Its Implementation Capabilities With a New Partnership and a Status Upgrade

Avaloq, a leader in digital banking solutions announces Confinale’s upgrade to “Premium Implementation Partner” status and introduces Infinogy... Read more »

Neo Launches Multi-Currency Account for SMEs

Neo, the treasury management, payments and FX fintech, is launching a new international multi-currency account service for small and medium-sized enterprises (... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel