The bank will be replacing multiple homegrown and legacy systems with Temenos’ open platform for composable banking will transform it into an agile, future-ready bank. MSB is one of the largest commercial banks in Vietnam, with nearly 3.1 million retail and 64,300 corporate customers. With Temenos core banking solutions for retail and corporate banking, including analytics, payments, and data lake capabilities, MSB added that it will be able to bring innovative new products to market much faster at a significantly lower cost. This will provide the bank a competitive edge to keep pace with the current and future banking needs of Vietnam’s largely young and increasingly affluent population.
MSB aims to become a universal bank for the digital 4.0 era on a par with the best and biggest international banks. Revamping our technology infrastructure with Temenos open platform will accelerate digitization and increase automation. MSB has an ambitious five-year digital roadmap, transforming the bank for the open, digital era.