The annual Asian Banker Summit is Asia’s largest and most prestigious gathering of decision makers from financial services around the region and the world. The event witnesses panel discussions, conferences and presents immense networking opportunity for participants. The Asian Banker Achievement Awards is one of the highlights of the summit. These solutions are presented to financial institutions and technology partners for innovative best-in-class implementations.
Saigon-Hanoi Commercial Joint Stock Bank (SHB) is a leading commercial bank in Vietnam with more than 60 offices nationwide. The bank has served more than 1.5 million customers with approximately 1 million individuals and 700 corporate customers. SHB has a well-structured capital plan and strong financing resources which are available to meet current and future capital needs.
In its endeavor to become a regional bank, SHB wanted to launch its operations in Cambodia and Laos. Since Intellect’s iGCB platform was implemented earlier in Vietnam and had helped SHB grow aggressively there, it wanted to leverage the same platform to garner similar benefits in Cambodia and Laos.
The project has enabled SHB in implementing its top 6 objectives, namely
- Comprehensive integrated software
- Contain spiraling IT costs
- Support Huge Transaction Volumes
- Ensure highest levels of Security
- Support low value, huge volume, low cost payments
- Ensure indemnity from fast changing policies, scenarios and environments
For its robust and innovative solution and impeccable implementation, Polaris and ADCB were awarded the Best Cross Border Core Banking Project for 2012.