(According to CafeF) – On the morning of March 23, 2023, in Ho Chi Minh City, a signing ceremony took place between Nam A Commercial Joint Stock Bank (Nam A Bank), Oracle Corporation, and Sun Viet Information Technology and Telecommunications Development Joint Stock Company (SVTECH) regarding the implementation of the Oracle Exadata Cloud at Customer solution.
The trend of applying cloud computing is rapidly expanding among enterprises in Vietnam, and domestic banks and financial institutions are also part of this movement.
As a technology-pioneering bank, Nam A Bank has been early in adopting cloud computing into its operations to accelerate digital transformation, provide differentiated financial services to customers, and reduce operating costs.
Furthermore, to continue enhancing and upgrading its cloud computing infrastructure to a higher level with the most advanced and suitable technologies for Vietnam’s IT conditions—while optimizing investment performance and deployment time—Nam A Bank chose a subscription-based cloud computing model. However, critical systems would still be placed at the bank’s data center to ensure information safety and security. Therefore, the Oracle Exadata Cloud@Customer (ExaCC) platform has been identified as the most suitable solution for Nam A Bank to implement.
The Oracle ExaCC solution offers high compatibility and faster deployment time. It enables Nam A Bank to make timely business decisions, gain a more comprehensive view of operational performance, and meet customer transaction demands 24/7, 365+ days per year.
Mr. Nguyễn Vĩnh Tuyên, Deputy CEO of Nam A Bank, stated: “As one of the leading digital-innovation banks in Vietnam, Nam A Bank is pioneering the adoption of Oracle Exadata Cloud at Customer. This solution will support Nam A Bank in continuing to modernize its Oracle database platform based on cloud computing, enabling the Bank to lead the digitalization of products and services continuously—across multiple channels and customer touchpoints. At the same time, it ensures that our IT systems operate safely, stably, and continuously, minimizing risks that may affect the Bank’s data and ensuring compliance with banking operational safety requirements.”
For many years, Nam A Bank has been strongly promoting digital transformation, significantly contributing to the growth of the Bank’s scale and brand. The Bank has been early in applying AI technologies, mobile payments, instant transfers, QR code payments, cloud computing, and more into its operations to enhance customer experience. With nearly 240 transaction points, modern facilities, and its digital banking ecosystem (ONEBANK, OPBA Robot, and Open Banking), Nam A Bank confidently meets the transaction needs of millions of customers anytime, anywhere.
Meanwhile, Oracle is a multinational technology corporation headquartered in the United States. Oracle provides on-premises software and hardware solutions as well as cloud computing services to large enterprise customers across 175 countries worldwide. Oracle’s key offerings include data management platforms, enterprise management software, industry-specific software solutions, servers and storage devices, and SaaS, PaaS, and IaaS solutions on both public cloud and Cloud at Customer environments.
The implementation partner for this project is SVTECH, one of the leading system integrators in Vietnam and the region, operating in three main areas: System Integration, Cloud Managed Services, and Digital Transformation. SVTECH has collaborated with many global IT leaders to deliver optimal ICT and telecommunications solutions and services to customers.
With the advanced technological capabilities of all parties involved, the signing ceremony for the deployment of Oracle Exadata Cloud at Customer marks not only a new milestone in Nam A Bank’s technology journey but also opens opportunities for continued collaboration among the parties to drive strong progress in digital transformation—aiming for digital-based governance and operations, and delivering differentiated products and services that provide an excellent customer experience.
