Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has chosen Amazon Web Services (AWS) as its preferred cloud provider to enhance customer experience.
Techcombank will harness the breadth and depth of AWS cloud services to support its vision to “change banking, change lives” and facilitate the rapid development of innovative new products and services that help Vietnamese individuals, businesses, and corporations grow.
“Transforming our workforce with AWS cloud skills is key to achieving our vision of enabling individuals, businesses, and corporations to progress and thrive sustainably,” said Jens Lottner, CEO, Techcombank. “By building cloud capabilities and leveraging AWS, we strengthen our resilience, and can focus on innovating financial products and services faster to solve customer challenges and uplift communities.”
“The combination of a bold vision, a high performing leadership team, and AWS is a recipe that can not only change banking but change lives. Techcombank is a leading example of where these ingredients co-exist and AWS is privileged to work with Techcombank as they embark on this ambitious journey,” said Conor McNamara, Managing Director, AWS ASEAN. “Techcombank is harnessing the differentiated breadth, depth, operational resilience, and fine-grained security of AWS to innovate at pace on behalf of their customers. In addition to the differentiated technology benefits, we are delighted to extend our collaboration to encompass culture, workforce re-skilling, continuous learning, and enablement at scale. This will equip Techcombank with a cloud fluent workforce to deliver, innovative financial services products, helping Vietnamese consumers reach their full potential.”
The multi-year collaboration will also focus on establishing a cloud skills program to provide the bank’s employees with access to the world’s most comprehensive and broadly adopted cloud offering and promote an environment of rapid and continuous innovation.
Using AWS, Techcombank gains the reliability and scalability to offer new digital financial services faster, while remaining highly secure and compliant.
Techcombank will migrate the majority of its applications from on-premises infrastructure to AWS, taking advantage of the cloud’s scalability, and build an integrated data platform to leverage the cloud’s data analytics capabilities.
As part of the collaboration between Techcombank and AWS, AWS will also support Techcombank with setting up and accelerating innovation and digital talent development programs. These new capabilities are intended to help the bank become more responsive to customer needs and bring solutions to the market faster, further differentiating Techcombank from other financial services players.