Banking Business challenge Vietnam is a frontier market on the cusp of huge growth. With demand for its banking services skyrocketing, how could Techcombank ensure its core banking systems could keep pace? Transformation Techcombank chose IBM® LinuxONE™ to power a bold new approach to banking, delivering rapid, reliable performance for new customer-centric services and scaling seamlessly to meet fast-growing demands. “We were looking for a platform with the performance and flexibility to handle very large and variable workloads, combined with strong security and cost-efficiency – IBM LinuxONE delivered on all fronts.” —Chester Gorski, Chief Technology and Operations Officer, Techcombank Business benefits: 4x rise in transactions during peak season handled effortlessly, supporting smooth service 44% lower total cost of ownership projected by migrating to LinuxONE platform Modern, future-proof banking services help Techcombank win new customers Techcombank Tapping into new growth opportunities with fast, scalable and cost-efficient IBM systems Solution components IBM® LinuxONE Emperor II™ IBM DS8886 Storage IBM GDPS® Red Hat Enterprise Linux Temenos T24 Core Banking Client Name Techcombank Company Background Vietnam Technological and Commercial Joint Stock Bank, commonly known as Techcombank, was founded in 1993. It has since grown into one of the largest joint-stock commercial banks in Vietnam. Techcombank offers a broad range of banking products and services to more than 5.4 million retail and corporate customers in Vietnam, and operates a network of 315 branches across the country. Business challenge Vietnam is a frontier market on the cusp of huge growth. With demand for its banking services skyrocketing, how could Techcombank ensure its core banking systems could keep pace? The benefit Techcombank is winning over new customers with responsive services, has absorbed a four-fold rise in transactions during peak season and expects to achieve 44 percent lower total cost of ownership for IT. Pull Quote “When the TCO model came out it was jaw-dropping: we stood to make substantial savings by moving away from a distributed infrastructure to LinuxONE.” —Chester Gorski, Chief Technology and Operations Officer, Techcombank Solution components IBM® LinuxONE Emperor II™ IBM DS8886 Storage IBM GDPS® Red Hat Enterprise Linux Temenos T24 Core Banking Case study Link https://www.ibm.com/case-studies/Techcombank-Systems-LinuxONE Vietnam Technological and Commercial Joint Stock Bank, commonly known as Techcombank, was founded in 1993. It has since grown into one of the largest joint-stock commercial banks in Vietnam. Techcombank offers a broad range of banking products and services to more than 5.4 million retail and corporate customers in Vietnam, and operates a network of 315 branches across the country. Share this