An Binh Bank has selected Temenos T24 to provide centralised core banking across its retail and corporate banking operations. The bank hopes that T24, a modular core banking system, will help to increase its customer base, introduce new products more quickly, improve customer service and reduce operating costs. Temenos will also provide the T24 Vietnam Country Platform, with specific functionality to meet local banking requirements and regulations, delivering a fully-regionalised system. Temenos is leading the implementation of the system, which is expected to go live in Q3 2007 at the bank’s headquarters in Ho Chi Minh City and across its network of 31 branches. Using T24 Model Bank, Temenos will install T24 core functionality, which includes comprehensive retail and corporate banking capabilities, on an Oracle 10 database and IBM AIX hardware. T24 is built on open system principles, and uses established technology standards such as HTTP, XML and HTML.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.