Vietnamese bank MSB picks Mambu for digital transformation
Vietnam-based bank MSB has selected Mambu and its cloud-based banking platform to sit at the heart of its digital transformation project.
MSB aims to be the first cloud-first bank in Vietnam
MSB, formerly known as Maritime Bank, was founded in 1991. The bank counts itself among the leading commercial banks in Vietnam and operates around 300 branches throughout the country. It has 1.8 million individual and 40,000 business customers
MSB selected Mambu to underpin its attempt to become the first bank in Vietnam to offer services from the cloud.
“There’s no denying that the future of banking is digital, and we want to be a big part of it,” says Bryan Carroll, chief digital officer of MSB.
“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.”
The bank selected SunTec’s Xelerate system in June 2019 to offer customisable products to its retail customers.
Mambu’s cloud-based banking systems have been a favourite of challenger and start-up banks in recent years.
It counts among its customers RBS challenger Bo, German unicorn N26, and UK SME firms start-up B-North and Recognise.
“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,” says Myles Bertrand, Mambu managing director for APAC.
“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.”
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