Illustrative image VPBank has become the first ever Vietnamese business to have received the 2015 Best Practices Award in the Enterprise Data Management Strategies.
The award, given by the US Data Warehousing Institute (TDWI), the premier source for in-depth education and research on all things data, honoured the bank for its pioneering vision and implementation approach for managing data.
The Data Governance Programme of the bank, initiated and managed by BI Competency Centre (BICC), was adjudged top-notch compared to other applicants' entries vis-à-vis the judging criteria of business impact, relevance, maturity and innovation.
TDWI also highly valued the bank for applying experiences from other developed countries in the world to build a roadmap for data management in each phase under international standards.
VP Bank's representative said in addition to developing and renovating products as well as improving services' quality, the bank has always focused on investment in information and technology, building data management capacity to maximise available resources.
This could help ensure operation, enhancing security and competitiveness as well as risk management for the bank.
The award has confirmed the validity of its development target.
It would continue to renovate products and services to bring outstanding benefits to customers and make it an international standard bank.
"TDWI is honoured to present this year's awards to winners who exemplify visionary innovation, dedication, and commitment to excellence in their respective industries," said Steven Crofts, president of the TDWI. "These awards showcase the depth and breadth of agile strategies, implementation, and technologies that address old challenges and also promote new solutions."
Winners were chosen by a panel of independent judges with expertise in BI, data warehousing, and analytics.
For 20 years, TDWI has provided individuals and teams with a comprehensive portfolio of business and technical education and research about all things data.
As of 2014, VPBank had almost 8 billion USD in assets and aims to become one of the five leading joint-stock commercial banks and one of the three leading retail joint-stock commercial banks in Vietnam by 2017.-VNA
