VPBank completes core banking migration to Temenos platform

Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) has completed the upgrade of its halfway banking level to the latest Temenos system.

The slope deployed the latest mentation of Temenos' halfway banking solution, hosted by Red Hat OpenShift, with enactment from Systems Limited.

The transition, which progressive the migration of much than 18 cardinal lawsuit accounts and millions of indebtedness records, was completed wrong a model of 24 hours.

VPBank serves a lawsuit basal of implicit 17 million, making this a important exertion modernisation for the Vietnamese banking sector.

VPBank main accusation serviceman Wong Kok Seng Augustine said: “At VPBank, modernisation is not an extremity successful itself but a instauration for what comes next.

“By embracing open, cloud-native architectures and reengineering our halfway banking level connected Red Hat OpenShift, we are gathering the agility and resilience needed to continuously innovate astatine scale.

“This translation reflects our committedness to being a technology-first bank—one that tin germinate rapidly, present with consistency, and service each our customers with spot and velocity successful an ever-changing integer world.

“We profoundly worth the beardown collaboration with Temenos, Red Hat, and Systems Limited, whose concern has been instrumental successful turning this imaginativeness into reality.”

The caller afloat cloud-native solution allows VPBank to streamline its operations, automate workflows, optimise resources, and little IT overheads.

It enables the slope to motorboat caller products much quickly, heighten integration with outer partners, and amended integer services for customers.

VPBank’s integer translation is portion of its strategy to fortify its integer banking capabilities to enactment its scalability and wide performance.

Temenos APAC managing manager William Dale said: “We are arrogant to spouse with VPBank, Systems Limited, and Red Hat connected this groundbreaking transformation.

“By moving to the latest Temenos Core connected Red Hat OpenShift, VPBank gains the agility to plan and motorboat products faster, integrate seamlessly with integer ecosystems, and present superior experiences to millions of customers.

“This task sets a caller benchmark for halfway banking modernisation successful the portion and highlights however starring banks similar VPBank are choosing Temenos to accelerate innovation, heighten lawsuit experiences, and standard with confidence.”

In May this year, Temenos launched the Temenos Product Manager Copilot astatine the Temenos Community Forum 2025 successful Madrid, Spain.

The caller instrumentality is designed to enactment banks successful designing, launching, testing, and optimising fiscal products utilizing generative AI technology.