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Vietinbank selects FIS’s core banking system

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has chosen FIS’s core banking platform, in order to streamline its consumer, corporate and overseas businesses in the country and globally.

The lender has also selected its TouchPoint and Xpress to deliver a comprehensive front-end integration for the bank’s branch, ATM and online services.

Vietinbank chairman Pham Hung said, "FIS’ comprehensive and integrated core banking platform will provide Vietinbank with the scalability to meet our growth plans and the flexibility to meet the changing needs of our dynamic customer base."

Having VND520 trillion ($25bn) in assets, the Vietnamese commercial banks manages more than 1,000 branch and sub-branch locations and over 1,700 ATMs in 63 provinces and cities in the country.

The bank is also considering to expand its overseas operations with new branch launches in Myanmar, Czech Republic, Poland and England until 2013.

US based FIS delivers banking and payments technologies to financial services sector and serves more than 14,000 institutions in over 100 countries.