Vietcombank revamps trade finance tech with Finastra
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The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is modernising its trade finance technology and operations with Finastra’s Fusion Trade Innovation platform.
The new solution, which includes Fusion Corporate Channels at the front-end and Trade Innovation for back office processing, will cover front-to-back office trade finance business at Vietcombank.
Dao Minh Tuan, deputy CEO at Vietcombank, says the new technology will “increase the value of the bank’s services to a digital-savvy generation and unleash new opportunities for revenue growth”.
Fusion Trade Innovation will be interfaced to the bank’s long-standing core banking solution, Smartbank, supplied by local banking software firm FPT Information Systems, FinTech Futures understands.
