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Wednesday, July 24, 2024

Timo Bank joins hands with AWS to promote digitalization

The Saigon Times

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HCMC – Timo, Vietnam’s leading digital bank, has cooperated with Amazon Web Services (AWS) to build and launch its cloud native core banking platform on AWS, contributing to speeding its digitalization.

The cloud banking platform will also help Timo scale up its business and attract five million new customers over the next three years.

With the AWS capabilities, including computing, data analytics and machine learning, Timo is helping customers easily access digital banking services, such as payments and savings solutions.

Also, every month Timo helps its customers in Vietnam use their mobile devices to conduct over two million financial transactions, including transferring, managing and saving money, apart from offering personalized financial services to customers and meeting their individual financial needs in a secure and compliant manner.

To prepare staff for using the latest cloud technology, Timo has worked with AWS to train 60 of Timo’s information technology members.

“AWS helped us implement our entire banking platform in the cloud in fewer than six months,” said Alan Barker, Chief Technology Officer at Timo.

“Using the cloud helps us deliver new digital financial services to our customers faster. Our customer base is growing rapidly, and on AWS we can confidently scale to meet the rising demand for digital financial services, leveraging the latest technology to set the benchmark in digital banking.”

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