On October 17, SVTECH, in collaboration with Stonebranch, hosted the seminar “Core Banking System Orchestration and Automation,” bringing together executives and IT experts from leading banks across Vietnam. The event delivered the latest insights into automation solutions and optimization of End-of-Day Close (COB) processes within core banking systems, contributing to improved operational efficiency and sustainable development.
According to a Gartner report, by 2026, 30% of enterprises are expected to automate more than half of their operations—an increase from less than 10% in 2023. By 2027, a stronger focus on enterprise-wide automation is projected to double the value generated from service quality improvements and cost optimization initiatives.
The seminar highlighted the key benefits of COB process automation, including significant time savings, reduced manual intervention, enhanced data accuracy and integrity, and improved capabilities for monitoring, progress reporting, and timely incident notifications for core banking support teams.
In addition, the solution places strong emphasis on automation sustainability, not only boosting operational performance but also helping banks reduce energy consumption, optimize resource usage, and achieve long-term strategic goals.
Speaking at the event, Mr. Le Thanh Hai, Vice President of SVTECH, emphasized that core banking systems are the backbone of banking operations, where data-related activities must always be accurate, reliable, and timely to ensure stable and efficient banking services.
According to Mr. Le Thanh Hai: “COB – End-of-Day Close is a critically important banking operation. When performed manually, COB processes may experience delays or errors. Automating COB through specialized tools can significantly enhance the efficiency and reliability of core banking system operations.i”.
A key highlight of the seminar was the live demonstration of Stonebranch’s COB Automation solution, showcasing how the technology enables banks to automate and optimize End-of-Day Close processes in a seamless and efficient manner.
The speakers also shared insights from a scientific survey conducted among 408 IT automation professionals, which revealed that 82% of respondents plan to replace or upgrade their workload automation technologies by 2024. This underscores that automation has become an essential factor in enhancing agility and reducing operational costs, especially as enterprises increasingly adopt a wide range of technologies and applications.
The panel discussions highlighted that managing large volumes of IT workloads—amid rising customer expectations for service quality and speed—has become increasingly complex. Without effective control, organizations face significant risks such as system downtime, higher operating costs, and potential security vulnerabilities. These challenges will continue to escalate if enterprises fail to adopt automation technologies.
“With close collaboration alongside leading technology partners such as Stonebranch, we are committed to accompanying banks in Vietnam on their journey to modernize operational systems, improve efficiency, and achieve sustainable development goals in the digital era,” a representative of SVTECH stated.
Automation, together with Data & Analytics (D&A), Security, Systems & Cloud, and Network infrastructure, represents the five core service pillars in which SVTECH is currently prioritizing investment. These strategic focus areas enable the company to proactively meet evolving customer demands and support digital transformation initiatives in today’s rapidly changing technology landscape.
