OCB takes next step in AI integration

This marks a significant milestone in OCB’s comprehensive digital transformation journey, promising groundbreaking advancements in the bank’s operations and service quality.

Photo: OCB

In the financial and banking sector, Exadata Cloud at Customer (ExaC@C) is recognised as the most advanced database platform, hosted within the customer’s data centre.

It enables rapid deployment, flexible resource utilisation, high performance, and ensures data security and compliance with stringent organisational standards.

Oracle Database 23ai, integrated with ExaC@C, simplifies the adoption of AI, accelerates data analysis processes, and automates IT system management and operations.

OCB selected the ExaC@C solution with Oracle Database 23ai integration to establish a robust data service platform that supports the bank’s governance and operations.

This solution not only modernises OCB’s centralised data reporting and analytics systems but also aligns with its data-driven business strategy, optimising analytics capabilities, forecasting, and decision-making efficiency.

Pham Hong Hai, CEO of OCB, giving a speech at the event. Photo: OCB

"OCB serves more than four million customers, but much of our data remains scattered across different business units. Therefore, we have partnered with FPT Corporation to modernise our data analytics platform using Oracle’s cutting-edge technology. This venture aims to consolidate data into a single source to enable comprehensive analysis, giving OCB more in-depth insights into the market and customer needs, enhancing risk management, and boosting data-driven competitiveness," said Pham Hong Hai, CEO of OCB, during the event.

“As the first undertaking in Vietnam to implement ExaC@C integrated with the latest Oracle Database 23ai cloud services, we believe this collaboration marks a pivotal step in OCB’s comprehensive digital transformation. It will establish an optimised and in-depth data management and analytics platform, creating groundbreaking advancements in our operations and service quality,” Hai added.

Nguyen Hoang Minh, CEO of FPT IS under FPT Corporation, speaking at the event. Photo: OCB

Representing the implementation partner, Nguyen Hoang Minh, CEO of FPT IS, a part of FPT Corporation, said, "With our technological expertise in data solutions and a profound understanding of digital transformation challenges in the financial and banking sector, FPT is proud and honoured to be entrusted by OCB to execute this critical ExaC@C initiative integrated with Oracle Database 23ai cloud services."

"This solution, the first of its kind in Vietnam, will enable OCB to integrate and manage data effectively, optimise analytics capabilities, and support its long-term business strategy. FPT is committed to providing comprehensive support to ensure expectations are exceeded, creating a significant milestone in OCB’s digital transformation journey and advancing Vietnam’s financial and banking sector," added Minh.

The signing ceremony for the Data Analytics Modernisation Project is regarded as an important step in OCB’s journey towards building a comprehensive and in-depth data management and analytics platform, supported by AI.

OCB and FPT have previously collaborated on several key technology projects, such as implementing Human Resource Management Software and obtaining Provincial Competitiveness Index DSS certification for payment card data security.

These initiatives have helped OCB improve HR management processes, including recruitment, training, and offboarding, as well as enhance attendance tracking and payroll efficiency. Additionally, they have strengthened the bank’s card services with international security standards.

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