SACOMBANK Upgrades Core Banking with Temenos and IBM

Product / Tech
โดย GlobeNewswire·VN·Read original
Summary · why it matters

Temenos announced that SACOMBANK, a leading Vietnamese commercial bank, has successfully upgraded its Temenos Core Banking platform to a hybrid cloud environment, moving from on-premises deployment to support greater scalability and faster innovation. The upgraded platform, deployed on Red Hat OpenShift and IBM Power infrastructure, serves millions of retail and SME customers and processes 13 million transactions daily, delivering a 200% improvement in application performance, three-times faster deployment cycles, and a 50% reduction in server footprint. Additionally, SACOMBANK has selected Temenos Payments Hub to enhance cross-border payments, building on its long-standing relationship with Temenos. The bank's Deputy CEO, Luu Danh Duc, highlighted the upgrade as a key milestone in its digital transformation, while Temenos and IBM executives praised the collaboration for strengthening the bank's foundation for innovation and growth.

Impact on stocks 3

Information Technology▲ · 1 stocks
Temenos Group AG
TEMN
▲ PositiveDemandrelevance

Temenos announced the upgrade and selection of its Payments Hub, directly boosting its business.

Cloud & Digital Infrastructure▲ · 1 stocks
Real Estate▲ · 1 stocks

Theme Impact 2

Off-coverage companies 2

Sacombank (Sai Gon Thuong Tin Commercial Joint Stock Bank)Private▲ Positive
Technologyrelevance

Sacombank upgraded its core banking platform to hybrid cloud, improving performance and scalability.

Red Hat, Inc.Private▲ Positive
Demandrelevance

Red Hat OpenShift is used in the deployment, indirectly benefiting from the bank's choice.

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