HD Bank has launched its new digital banking platform, Vikki Digital Bank, in Vietnam. This innovative venture is powered by Thought Machine’s Vault Core, a modern core banking engine designed to provide advanced digital banking services. Vikki Digital Bank is set to transform the Vietnamese banking landscape by delivering seamless, efficient, and personalized banking experiences.
The Vault Core technology by Thought Machine offers a cloud-native, API-driven platform that enables banks to build and manage financial products with unprecedented flexibility and scalability. By integrating this technology, Vikki Digital Bank can offer a wide range of digital services, including instant account opening, real-time payments, and personalized financial management tools.
Nguyen Thi Phuong Thao, CEO of HD Bank, emphasized the significance of this launch, stating, “Vikki Digital Bank is a testament to our commitment to innovation and customer-centricity. By leveraging Thought Machine’s Vault Core, we aim to provide our customers with a superior banking experience that meets their evolving needs.”
The launch of Vikki Digital Bank comes at a time when digital transformation is rapidly accelerating in the financial sector, especially in Southeast Asia. Vietnam, with its young, tech-savvy population, is poised to benefit greatly from such advancements. Vikki Digital Bank’s introduction aligns with HD Bank’s strategy to enhance digital financial inclusion and cater to the growing demand for digital banking services.
The collaboration with Thought Machine is expected to bring significant operational efficiencies to HD Bank, enabling it to streamline processes and reduce costs. This strategic move not only enhances the bank’s digital capabilities but also positions it as a leader in the digital banking revolution in Vietnam.