Business

VIB, Microsoft team up to boost service speed and innovation

The Vietnam International Bank (VIB) and Microsoft Vietnam has announced a three-year strategic partnership to leverage Microsoft Azure as the preferred cloud platform to accelerate the pace of innovation, create valuable new services to meet present and future banking needs of customers.
VIB, Microsoft team up to boost service speed and innovation ảnh 1Tran Nhat Minh Deputy CEO and CIO of VIB poses for a photo with the partnership certificate. (Photo: courtesy of VIB)
Hanoi (VNA) - The Vietnam International Bank (VIB) and MicrosoftVietnam has announced a three-year strategic partnership to leverage Microsoft Azureas the preferred cloud platform to accelerate the pace of innovation, createvaluable new services to meet present and future banking needs of customers.

Cloud computing has become a trend around the world. For the banking industry,this is no longer a technological concept but actually a strategy that can helpimproving customer experience, accelerating product development, enhancingsecurity, optimising costs and pioneering in applying new technologies intoservices, Han Ngoc Vu, VIB CEO said.

“We believe that using cloud-based solutions is unavoidable going forward, andchoosing Microsoft as strategic partner for multi-cloud platform development isan appropriate venue for the bank,” Vu said.

Microsoft capabilities will empower VIB to create a multi-cloud ecosystem usingMicrosoft Azure as the primary cloud for VIB applications, while ensuring thesame applications can move or run across a secondary cloud if necessary, VIBsaid in a statement.

In the next three years, VIB will prioritise transferring and hosting itsapplications and business platforms on the cloud. During the process, the bankis simultaneously modernising and shifting the computing workload includingbusiness applications and end-user computing needs to this new platform, it said.

Under the agreement, the two sides will also deploy important projects onCybersecurity, Big Data, AI, Open API, IoT and Modern Workplace to achieveVIB's digital transformation process.

In addition, Microsoft will provide training and certification for VIBemployees to ensure that the human resources are qualified with the best skillsin applying technologies to the working process and implementing work tasks.

VIB’s cloud migration strategy started with the preparation of the elements oftechnology and human resources. From the beginning of this year, the bank haspioneered in using cloud technology in some projects.

The speed and scale of continuous innovation offered by Microsoft Azure willallow VIB to create a secure, high-speed, low-latency infrastructure whilereducing the cost of integrating multi-clouds with its existing IT system whileproviding a better banking user experience, according to VIB./.
VNA
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