Vietnam's Timo builds with AWS to scale business

Alan Barker, CTO at Timo said, "AWS helped us implement our entire banking platform in the cloud in less than six months. Using the cloud helps us deliver new and meaningful digital financial services to our customers faster.”

With the depth and breadth of AWS' capabilities, including computing, data analytics, and machine learning, Timo is helping customers enjoy healthy financial lives with easily accessible digital banking services like payments and savings solutions, enabling them to use their mobile devices to make over 2 million monthly financial transactions – including transferring, managing, and saving money.

Moreover, Timo can offer personalised financial services to customers while meeting their individual financial needs in a secure and compliant manner with AWS.

Alan Barker, CTO at Timo

According to Alan Barker, Timo’s customer base is growing rapidly, and on AWS, it can confidently scale to meet the rising demand for digital financial services, leveraging the latest technology to set the benchmark in digital banking.

ASEAN head of Financial Services at AWS Pete Murray said, “Digital Banks like Timo are mission focused to serve customers while driving financial inclusion and economic empowerment."

"Timo has developed a unique banking proposition on AWS including services that solve customer pain points by working backwards from that mission,” continued Murray.

Pete Murray, ASEAN head of Financial Services at AWS

Timo set out to drive economic empowerment by delivering innovative and personalised mobile banking services to the Vietnamese population, of which 69 per cent are unbanked.

To prepare staff for the latest cloud technology, Timo worked with AWS to train 60 of its cloud team and IT members in systems architecture, development, security, big data, AI, and machine learning on AWS.

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