Upgrading the version of Intellect Corebanking system

(VBSP News) On the afternoon of May 04, VBSP held a kick-off ceremony for the project to upgrade the version of the Intellect Corebanking system. Attending the launching ceremony were Deputy General Director Hoang Minh Te cum Head of Intellect Corebanking Project Management Board and representatives of IT Center, Training Center, Transaction Center and Operational Departments at Head Office.

Deputy General Director Hoang Minh Te spoke at the launching ceremony

Attending the launching ceremony via Google meeting, there was Mr. Paramdeep Singh - Senior Vice President of APAC Regional Business, representative of Intellect Design Arena Company

In order to support the implementation and management of professional activities, in 2013, VBSP officially implemented the Corebanking Intellect system. This system basically meets the requirements of banking transactions and management according to the characteristics and operating model of VBSP. However, up to now, along with the increase in transaction volume, new business requirements and rapid change of technology, the system has arisen a number of shortcomings and limitations.

With the goal of building a digital banking platform on the basis of inheriting current banking operations and creating a solid foundation to deploy modern banking services to increase labor productivity and financial service accessibility for customers; capacity building, operational efficiency, safety and security enhancement; increasing integration with other systems, contributing to automating business operations, increasing the ability to expand interaction with partners on advanced technology platforms; contributing to the implementation of the VBSP Digital Transformation Plan. The Board of Directors of VBSP has approved the investment of the project "Upgrading the version of Intellect Corebanking system", the project implementation time is 18 months.

 The landscape of the ceremony

At the ceremony, Deputy General Director of VBSP Hoang Minh Te said that in recent years, the industrial revolution 4.0 is making fundamental and comprehensive changes to the socio-economic life. The Vietnamese banking industry in general and VBSP in particular will not be out of the influence of this revolution. Most Vietnamese banks have actively researched and invested heavily in a number of technologies in their product, service and governance development. Therefore, focusing on developing modern banking products and services, enhancing the accessibility of banking services is identified as a key task and solution in the coming time.

The implementation of the project "Upgrading the version of Intellect Corebanking system" is one of the actions to realize the goals, tasks and solutions of the digital transformation plan of VBSP until 2025, with a vision to the year 2030.

vbsp.org.vn