MSB cooperates with Backbase and SmartOSC to deploy interactive banking platform

Vietnam Maritime Commercial Joint Stock Bank (MSB) cooperates with Backbase with implementation support from SmartOSC to deploy an interactive banking platform.

Vietnam Maritime Commercial Joint Stock Bank (MSB) has just decided to make a strategic investment in the Backbase Interactive Banking Platform with implementation support from SmartOSC - a provider of high-quality digital transformation solutions and Backbase's partner in Vietnam.

MSB cooperates with Backbase and SmartOSC to deploy interactive banking platform

This event marks an important step in MSB's customer-centric modernization journey, promoting digital and delivering seamless experiences, driving financial innovation in Vietnam.

As one of the pioneering banks implementing digital transformation in the market, MSB aims to become a bank with a leading digital platform and bring the best service experience to customers.

Based on a strong digital strategy, MSB has transformed its services to provide streamlined and accessible financial solutions to both retail and corporate customers. MSB currently serves 5.5 million customers.

Through the adoption of the Backbase Interactive Banking Platform, MSB is consolidating individual applications into a single, comprehensive and most efficient platform.

This strategic shift enables MSB's digital platform to deliver a seamless, end-to-end digital banking experience by building on this foundation - from registration and daily transactions to product management - enhancing customer engagement, simplifying product offerings, accelerating the development of unique features and reducing the cost of serving MSB's 5.4 million retail customers and 100,000 corporate customers.

MSB hopes that this platform can deliver a seamless, omnichannel banking experience to modern customers. Specifically, MSB can consolidate and streamline customer journeys, significantly reduce time to market and deliver seamless, impactful banking experiences that set new standards in Vietnam's financial industry.

The platform’s flexible architecture enables MSB to develop a unique technology ecosystem that seamlessly integrates with other platforms to drive greater synergies and innovation. MSB estimates that its digital repeat customers will increase by 30% and its digital channel new customers will increase by 20% to 40% annually by providing comprehensive digital experiences after the launch of the platform.

Instead of having to completely overhaul and start from scratch, the “adopt and build” approach allowed MSBs to reinvent existing channels and applications, upskill their digital platforms, and empower internal talent to tap into cutting-edge efficiencies and innovations, said Riddhi Dutta, Vice President, Asia, Backbase.

Backbase provides a strategic architecture that complements and enhances the efforts MSB is already making, driving growth without disrupting valuable existing work. This approach ensures business continuity while still driving digital transformation on their own terms, progressing in a way that is consistent with established processes.

Source: https://congthuong.vn/msb-hop-tac-cung-backbase-smartosc-trien-khai-nen-tang-ngan-hang-tuong-tac-358988.html