Recently in Hanoi, Vietnam Technological and Commercial Joint Stock Bank (Techcombank) became the only bank in Southeast Asia to receive the Innovation Excellence Award for its AML anti-money laundering system from Oracle. This is an annual award with high selectivity from Oracle with very careful and strict selection criteria. The AML anti-money laundering system was deployed by Techcombank from September 2021 to June 2023 on the OFSAA and AWS platforms. The system has helped Techcombank further improve the effectiveness of its control and anti-money laundering work according to international standards.

Techcombank receives Excellence in Innovation award from Oracle

“Techcombank is one of the few banks that has successfully transformed all components of Know Your Customer (KYC), Customer Screening and Transaction Screening (CS and TS), and Transaction Monitoring (TM) onto a single platform,” said Mark Atherton, Global Director of Financial Services Application Solutions at Oracle. “We were impressed with Techcombank’s capacity, expertise, and relentless efforts during the project implementation. It was their focused and innovative approach that helped shorten the project implementation time and achieve outstanding results, even surpassing many companies in the world that we have worked with.” Speaking at the award ceremony, Mr. Pham Quang Thang - Deputy General Director of Techcombank shared: "The anti-money laundering system is one of the strategic projects that Techcombank has implemented in recent years and achieved important successes in business development and risk management. Cooperating with Oracle to upgrade and optimize the system shows Techcombank's consistent technology investment orientation to meet the strict standards in the global market". We believe that Oracle will continue to accompany and support Techcombank to pioneer the early application of the latest technologies on the market to bring a safer and more convenient experience to customers." The Innovation Excellence Award continues to affirm Techcombank's strategic vision, innovation, creativity and leadership in digital transformation. Adopting and applying technology in risk management, meeting international standards, will help Techcombank strengthen its sustainable financial foundation, thereby creating trust for customers and partners. Source: https://daibieunhandan.vn/techcombank-nhan-giai-thuong-sang-tao-xuat-sac-tu-oracle-post396894.html