1. 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 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
Vietnam Technological and Commercial Joint Stock Bank, commonly known as Techcombank, was founded in 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.
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