PingAn OneConnect makes a deal with VPBank for a new Generation core banking implementation
PingAn OneConnect makes a deal with VPBank for a new Generation core banking implementation
On September 5, 2025, an official signing ceremony between PingAn OneConnect and Vietnam Prosperity Bank was held in Hanoi, Vietnam. The parties will have coopeartion in the implementation of a next-generation Core Banking system with a focus on Digital Core Banking, initially for GPBank, which will serve as the foundation for subsequent deployment at VPBank. The project will be deployed over 9 months, divided into 3 phases of 3 months each, includes core operations such as Customer Information File (CIF) management; deposit management (CASA, Term Deposits) & loans for individual and SME customers; General Ledger (GL) management; integration with Mobile Banking, Payment, AML, LOS, Collection, and Collateral systems.
Specific Benefits for VPBank:
- Technological Efficiency:Cloud-native platform, microservices architecture, API & event-driven, supporting a minimum of 10,000 TPS and 1 billion transactions per day.
- Deployment Speed:Clear roadmap with rapid completion phases and early applicability for digital products.
- Customer Experience:Development of diverse digital banking services with high convenience, quickly meeting the needs of SME and multi-service banking customers.
- Data Security:Designed to international standards, structured data management, real-time system monitoring, and risk mitigation.
Strategic Significance:
- Key Role:Central to the comprehensive digital transformation roadmap of VPBank and GPBank, enhancing the banks’ competitiveness in the digital era.
- Positioning:Helps VPBank affirm its leadership in financial technology, mastering core technology towards a multi-functional and sustainable digital banking model.
- Brand Contribution:Strengthens VPBank’s brand as an innovative bank ready to meet increasingly high customer and market demands.
