Lien Viet Post Joint Stock Commercial Bank (LPBank) is one of the top 10 private commercial banks in Vietnam in terms of assets and equity. LPBank is replacing its existing system with Temenos’ modern technology platform that will enable the bank to manage customer accounts and transactions across its retail and corporate activities with improved performance and efficiency, and offer personalized products, faster and at a lower cost.
“Leveraging Temenos’ market-leading platform, used by major banks around the world, will help LPBank develop rapidly and realize our goal of becoming the leading retail bank in Vietnam – everyone’s bank. The new system also creates a more integrated, seamless customer experience journey, fully digitized from the beginning to the end of transaction channels, while also aiding employees to deliver a world-class service.”Ho Nam Tien, Vice Chair and General Director, LPBank
By adopting Temenos’ Vietnam Country Model Bank, LPBank will leverage pre-configured banking capabilities tailored to the local market that will enable faster and more cost-effective implementation. The solution will support process automation, thereby minimizing operational errors, improving risk management efficiency, and enabling fast, effective digital transformation. The bank will also benefit from Temenos’ continued investment in its single code base and experience working with 3000 banks across 150 countries.