Techcombank receives Outstanding Innovation Award from Oracle

Recently in Hanoi, Techcombank became the only bank in Southeast Asia to receive the Innovation Excellence Award for its Anti-Money Laundering (AML) system from Oracle. This is a highly selective annual award from Oracle, based on very careful and rigorous selection criteria. Techcombank implemented its AML system from September 2021 to June 2023 on the OFSAA and AWS platforms. The system has helped Techcombank further enhance the effectiveness of its anti-money laundering control and prevention efforts according to international standards.

Techcombank receives the Excellence in Innovation award from Oracle.

Mark Atherton, Director of Global Financial Services Application Solutions at Oracle, stated, “Techcombank is one of the few banks that has successfully migrated all components of its Customer Identification (KYC), Customer Screening and Transaction Screening (CS and TS), and Transaction Monitoring (TM) systems onto a single platform. We are very impressed with Techcombank's capabilities, expertise, and unwavering efforts throughout the project implementation. Their focused and innovative approach significantly shortened the project timeline and achieved outstanding results, surpassing even many companies worldwide we have collaborated with.” Speaking at the awards ceremony, Mr. Pham Quang Thang, Deputy General Director of Techcombank, shared: “The anti-money laundering system is one of the strategic projects that Techcombank has implemented in recent years and has achieved significant success in business development and risk management. The collaboration with Oracle to upgrade and optimize the system demonstrates Techcombank's consistent investment in technology to meet stringent global market standards.” We believe Oracle will continue to partner with and support Techcombank in pioneering the application of the latest technologies on the market to provide a safer and more convenient experience for customers.” The Innovation Excellence Award further affirms Techcombank's strategic vision, innovation capabilities, and leadership in digital transformation. Adopting and applying technology to risk management, meeting international standards, will help Techcombank strengthen its sustainable financial foundation, thereby building trust with customers and partners. Source: https://daibieunhandan.vn/techcombank-nhan-giai-thuong-sang-tao-xuat-sac-tu-oracle-post396894.html