{"id":1359,"date":"2020-08-27T08:46:31","date_gmt":"2020-08-27T07:46:31","guid":{"rendered":"http:\/\/www.intelligentcio.com\/apac\/?p=1359"},"modified":"2026-07-22T15:26:08","modified_gmt":"2026-07-22T14:26:08","slug":"finastra-successfully-migrates-vietnams-vpbank-to-innovative-modern-treasury-system","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/apac\/2020\/08\/27\/finastra-successfully-migrates-vietnams-vpbank-to-innovative-modern-treasury-system\/","title":{"rendered":"Finastra successfully migrates Vietnam\u2019s VPBank to innovative modern treasury system"},"content":{"rendered":"\n<p><strong><em>Finastra\u2019s Fusion Kondor and Fusion Risk solutions will help bank to grow its financial markets division.<\/em><\/strong><\/p>\n\n\n\n<p>Finastra has helped VPBank separate its treasury operations from its legacy core banking system with Finastra\u2019s Fusion Kondor and Fusion Risk solutions.<\/p>\n\n\n\n<p>Delivered through Finastra\u2019s Fusion Adopt implementation program, this move to a modern system will enable the bank to grow its financial markets division by developing new complex products and improving operational efficiency through automation.<\/p>\n\n\n\n<p>\u201cAs an innovation leader in Vietnam\u2019s banking sector, the digitization and modernization of our business is a key priority,\u201d said Pham Phu Khoi, Head of Financial Markets Division, VPBank.<\/p>\n\n\n\n<p>\u201cWe also have ambitious plans for growth which our legacy core banking system could not support. Finastra\u2019s modern, front-to-back treasury system has given us significant efficiency gains because we no longer need to manually execute treasury transactions, while we also benefit from greatly improved risk management capabilities.<\/p>\n\n\n\n<p>\u201cWhen we initially went live we managed to run our close of business operations without any exceptions for the very first time. This was far beyond our expectations and a result of Finastra\u2019s dedication, skill and hard work.\u201d<\/p>\n\n\n\n<p>Fusion Kondor enables banks to trade high volumes of treasury while offering the flexibility to support more complex derivatives, options and structured trades. The solution can be easily integrated with existing systems and applications.<\/p>\n\n\n\n<p>Fusion Risk provides a fully automated, end-to-end IFRS9\/CECL solution. Integrated out of the box with Finastra\u2019s core banking, lending and trading solutions, it delivers impairment and credit risk modelling.<\/p>\n\n\n\n<p>\u201cThis implementation marks the first time VPBank has separated the management and accounting of a whole group of specialized and complex banking products from its core banking system,\u201d said Wissam Khoury, SVP and GM, APAC and MEA, Finastra. \u201cThis project was also the first in the world to utilize Finastra\u2019s latest integration platform, Fusion Fabric Connect, which consolidated all connections to a centralized hub, controlling the interface data quality in a fast, effective and intuitive way. Close co-operation between Finastra\u2019s Services team and VP Bank paved the way for a smoothly run project which was completed on time and only required around half of the people resources originally budgeted for, leading to a significant saving.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finastra\u2019s Fusion Kondor and Fusion Risk solutions will help bank to grow its financial markets division. Finastra has helped VPBank separate its treasury operations from its legacy core banking system with Finastra\u2019s Fusion Kondor and Fusion Risk solutions. Delivered through Finastra\u2019s Fusion Adopt implementation program, this move to a modern system will enable the bank [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":1360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,10,50,40,59,44,54],"tags":[701,848,276,885,886,884,437,883],"class_list":["post-1359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-verticals-banking-finance","category-analysis-case-studies","category-case-study-newsletter","category-software","category-south-east-asia","category-top-stories","category-used","tag-banking","tag-financial","tag-finastra","tag-fusion-kondor","tag-fusion-risk","tag-treasury","tag-vietnam","tag-vpbank"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/1359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/comments?post=1359"}],"version-history":[{"count":6,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/1359\/revisions"}],"predecessor-version":[{"id":1480,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/1359\/revisions\/1480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media\/1360"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media?parent=1359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/categories?post=1359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/tags?post=1359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}