iGTB’s strategic partnership with Vietcombank, along with local player FTP Information Systems will enhance corporate customer delight by focusing on operational efficiency, reduce complexity and cost for all segments – Large Enterprises, State-Owned Enterprises, FDI& Financial Institutions.
Intellect recently announced that Hanoi-headquartered Vietcombank has now deployed iGTB’s next-generation Digital Transaction Banking Enterprise Suite (DTB).
This Enterprise Suite delivers superior channel experience to grow the bank’s corporate customer base, create customer stickiness with the ability to quickly respond to customer changes, in-built configurable product setup for faster responsiveness as the market evolves. It also helps reduce Vietcombank’s operational expenses and provides a seamless user experience with the ability to improve productivity and lower the TCO. VCB CashUp includes Digital Payments, Enhanced Liquidity Management, Supply Chain Finance, Virtual Account Management, Electronic Cash Collections & Receivables, Bill Payments, Host-to-Host services and other advanced functions such as Information Reporting, Cashflow forecasting and Mobile Banking.
Vietcombank now offers iGTB’s Digital Transaction Banking (DTB) with the focus on payments and cash management capability to corporate clients, which helps deliver a seamless mobility driven user experience with a rich product suite including Digital Payments, Enhanced Liquidity Management, Supply Chain Finance, Virtual Account Management, Electronic Cash Collections& Receivables, Bill Payments, Host to Host services and other advanced functions such as Information Reporting, Cash flow forecasting.
Here are some of the key highlights of this deployment:
Innovating around the pandemic: Travel and operational restrictions were overcome to ensure commitment to timelines by creating tighter co-ordination avenues between business and teams, leveraging secure remote connections to manage application infrastructures and online tools to ensure daily and regular interactions between all parties. The adoption of agile implementation framework ensured that multi-system interfaces & integrations rolled out smoothly and adhered to the overall planned timelines.
Reducing the time-to-market: The platform is built on Service Oriented Architecture principles that enable modules to be quickly stitched together for developing a comprehensive solution, thus allowing the bank to get quick return on their investments. As a result, products can be quickly launched to offer value added services to the bank’s customers.
Acquiring new customers and grow business exponentially: The platform will enable Vietcombank to cross-sell and up-sell the products across different market segments through targeted marketing campaigns and its flexibility to respond to ever changing dynamic market conditions through pre-configuration.
Maximising fee-based revenue: The platform also allows Vietcombank to offer differential charging to the customers through flexible charge engine available. Growing customer base, coupled with flexible charging capabilities enables the bank to earn higher margin in the form of float income by providing an access to low cost funds.
To know more such highlights and other details, visit https://www.igtb.com/news/vietcombank-launches-vcb-cashup-powered-by-igtbs-payments-and-cash-management/