TPBank, Vietnam Engages iCreate for Enterprise MIS, Financial and Risk Analysis

Win marks Banking Analytics, Risk and Compliance pioneer’s foray in to Vietnam’s financial services sector.

Hanoi, Vietnam, September 25, 2014 --( Prominent Vietnam financial services institution, TPBank has signed up with Banking Decision Sciences firm, iCreate for establishing an enterprise MIS, Financial Reporting and Risk Analysis framework. TPBank is recognized for deploying innovative technology and industry-leading best practices to enhance customer experience.

This decision comes in the wake of rising regulatory pressures in the region and the bank’s focus on enhancing customer experience, growth, and profitability. After several solution evaluations, TPBank decided to lay the foundation for addressing the bank’s current and future MIS and Risk challenges by opting for a DW-MIS platform of global standards.

As a part of the bank’s larger information management strategy, iCreate will help TPBank develop a Central Data Repository that will leverage iCreate’s proven Banking-specific Data Warehouse, for generating enterprise MIS, Financial Reporting and Risk Analysis. iCreate will establish and activate a sophisticated, future-ready information ecosystem that will help TPBank manage their data for accurate, reliable and timely decision making for information consumers at the leadership level. iCreate’s premier partner in Vietnam, Net Vision was actively involved in the deliberations leading to the decision.

Speaking on the occasion Bui Quang Cuong, CIO, TPBank said, “It is our vision to be a digital banking and services leader in Vietnam by constantly raising the bar on customer experience. This translates to transforming our information management capabilities, which requires establishing a robust decision enablement and risk management framework. We chose iCreate for their comprehensive understanding of our information management challenges, as well as their advanced technology and experience in banking-specific information management systems.”

Vivek Subramanyam, CEO, iCreate added, “I am happy that iCreate has been chosen as the strategic partner as TPBank lays the foundation for EDW and Reporting. I look forward to TPBank leveraging our experiential understanding of banking information management as well as our Analytics, Risk and Compliance solutions built using global best practices.”

About TPBank
Established in 2008 Tien Phong Commercial Joint Stock Bank (TPBank) is a young and dynamic financial institution, with a state-of-the-art technology foundation, extensive market experience and financial strength from its strategic shareholders, namely Doji Gold & Gems Corporation, the country’s largest private enterprise as per VNR500; the bank’s founding company FPT Corporation for technology solutions expertise and support; Vietnam Mobile Telecom Services Company (VMS - MobiFone) for strategic mobile banking solutions; Vietnam National Reinsurance Corporation (VINARE) for financial support with their extensive business partner network and vast experience in financial administration and SBI Ven Holding, Singapore, a leading global financial conglomerate. TPBank continues to provide its customers with convenient and effective banking solutions by leveraging advanced technology and quality management.

About iCreate
Headquartered in Bangalore, India, with offices in Mumbai, New York, Hanoi, Manila, South Africa and Dubai, iCreate is a global banking Analytics, Risk & Compliance specialist that works with banks worldwide to enable faster and better decision making. iCreate’s enterprise-grade Analytics, Risk and Compliance Management solutions integrate seamlessly with banking systems and delivers a fully functional decision enablement and reporting system. iCreate’s solutions run in a fifth of the time when compared to conventional alternatives, at the lowest TCO and with advanced solutions in areas such as retail banking, corporate banking, Analytics 360, etc. iCreate customers make up over 35 progressive financial services institutions across 11 nations. iCreate is funded by venture capital majors Sequoia Capital and IDG Ventures to accelerate market expansion and boost product innovation efforts. iCreate is also a recipient of premier industry recognitions including IDC, Deloitte, Frost & Sullivan, NASSCOM and Gartner.
iCreate Software
Rupa Dokania