MB Bank, the Vietnam-based Military Commercial Joint Stock Bank, has selected Software AG’s webMethods solutions to help them navigate increased consumer demand and future-proof business operations in today’s digital world.
“In order to grow alongside market demand, we needed to ensure that tasks are completed swiftly and smoothly. We decided to bet on Software AG’s webMethods to gain end-to-end control and visibility of our processes, and better align our business with IT”, said Hoc Nguyen Xuan, CIO of MB Bank.
Based in Virginia, USA, the subsidiary of Software AG has already helped MB Bank optimize processes and work efficiency by 40% while reducing overall operating costs by 30%, by combining all systems and data sources to deliver a comprehensive, trusted view of its business functions while integrating existing and new technologies.
MB Bank has 15,000 employees and 4 million clients across Vietnam, Cambodia, Laos, and Russia, and is facing rapid consumer demand. The bank has recognized the need for stronger capabilities that ensure its front-end systems are well-integrated with a back-end core and so webMethods was chosen to provide the much needed stable, secure, multi-channel integration platform.
The partnership comes a long way as the bank first invested in the firm’s Business Process Management Suite (BPMS) seven years ago, and recently chose the CentraSite for API management and SOA, which enables the bank to create a central, platform-independent application for defining, storing and describing assets.
Anneliese Schulz, Regional President for Asia Pacific & Japan, Software AG, said: “Asia’s financial services sector is on the cusp of rapid digital transformation. As integration becomes the norm, banks that are able to adapt and become more agile have a competitive advantage. We hope to continue empowering financial services institutions such as MB Bank as they focus on optimizing processes and bolstering speed in the new era of banking.”