According to the State Bank of Vietnam (SBV), the banking industry has invested over 15 trillion VND (617.6 million USD) in digital transformation as of 2022. The country has maintained a 40% growth rate in digital payments in the last four years, making it one of the world's fastest-growing economies in banking digital transformation.
Key to innovation, digital transformation, and competitiveness in the banking industry is the consistency, speed, accuracy, and precision of data. Adopting IBM Cloud Pak for Data allows the bank to bring powerful insights out of data spread across the organization, with an enterprise-grade platform to develop and apply advanced data analytics and machine learning to enhance their operations.
The single digital platform also balances the banking industry’s key needs: compliance, security, comprehensive application and data management automation, data integrations, data governance, and machine learning operations.
