PVcomBank and Vemanti Group sign inclusive digital banking cooperation agreement

The signing ceremony between PVcomBank and Vemanti Group in Hanoi

At PVcomBank, digital transformation is a long-term strategy and vision, contributing to optimising products and services, and providing customers with convenient experiences when making transactions with the bank.

To realise those goals, PVcomBank has been focusing all its resources on developing a team of technology experts, looking for reputable partners in the provision and development of the digital banking system.

Vemanti Group is a partner with strengths and experience in the development of the neobank model – something that PVcomBank is also aiming for.

Operating in the field of multi-asset technology, mainly in emerging and high-growth markets with the core strength of investing and developing technology companies, Vemanti Group has a wealth of experience and knowledge in providing non-traditional financial services, including lending and payment solutions to SMEs in Vietnam and Southeast Asia – this is also the customer segment that PVcomBank is focusing on.

PVcomBank's brings to the table its inherent strengths in its network, brand value, and products while Vemanti Group will use cloud computing, APIs, AI, and blockchain technology for the digital platform. At the same time, the two sides will work together to research and provide SMEs in Vietnam with innovative digital financial solutions through PVcomBank's existing core banking system.

The digital banking platform that Vemanti Group provides will allow customers to sign up for an account and access services entirely online, while still having the option of physically going to a convenient branch office if needed. All customers will have access to tailored banking services and financial products that can be seamlessly integrated into their business.

Nguyen Viet Ha, deputy general director at PVcomBank, stressed the importance of digital banking and held a high appreciation for the cooperation with Vemanti Group.

“Digital transformation is a key goal at PVcomBank and our board of management has rendered long-term strategic directions,” said Ha. “We believe that with its professionalism, prestige, and many years of experience in cooperation with international financial institutions, Vemanti Group will support PVcomBank to accelerate progress in comprehensive digitalisation, bringing modern financial solutions with sustainable values ​​for customers.”

Tan Tran, CEO of Vemanti Group said, “By leveraging Vemanti's core competence in providing digital solutions to SMEs, we are able to create fresh banking experience for entrepreneurs and business owners. We are looking forward to cooperating with PVcomBank. With our strength and experience, we can serve PVcomBank's customers and the financial and banking industry well.”

With each party’s advantages, the cooperation would bring many values ​​and benefits to both PVcomBank and Vemanti, elevating their brand values in the market and serving customer needs.