Vietnam Prosperity Joint-Stock Commercial Bank, HaNoi, VietNam announces its successful upgrade of core-banking system Temenos T24TM to release R16 in May 2017.
In 2016 VPBank took a decision to upgrade its core-banking system Temenos T24TM from R11 to R16. The project was carried out with the participation and support of ‘Foranx LLC’, Belarus and finished within 6 months, in time and in budget. During the project various tasks have been successfully completed, such as technical upgrade of the system, analysis of local developments, made by the Bank, and adoption to R16 functionality, new modules installation.
About Foranx LLC
Foranx LLC has been working at IT- market (automation of financial institutions and consulting services) since 2004. The core activity of Foranx LLC includes development, implementation and support of automated banking systems (development of own software, localization, implementation and support of partners’ software). Foranx LLC has signed the partnership agreement with Temenos according to which the Company has the right to participate in Temenos Core Banking system implementation projects as a prime contractor.
About VPBank
Vietnam Prosperity Joint-Stock Commercial Bank (formerly known as Vietnam Joint-Stock Commercial Bank for Private Enterprises) was established on 12 August 1993. After 22 years of operation, VPBank has increased its charter capital to VND8,056 billion, raised the number of transaction points to over 208, and had a workforce of more than 12,400 employees.
Official site: www.vpbank.com.vn