SeABank began its work with Oracle in 2018 as a first step along its incremental journey to improve. With each milestone, the bank pursued additional implementations that leverage the power of our single integrated platform. Most recently, the bank has selected Oracle's integrated finance and risk data model to help SeABank meet International Financial Standard 9 (IFRS 9) requirements for the classification of financial assets and liabilities by the
In 2021, the
SeABank has received many awards including: Second-class labor Medal of the State President, Certificate of Merit from the Prime Minister, Vietnam Value 2020, Top 15 strongest banks in
'SeABank is committed to delivering superior customer experiences,' said Deputy General Director and Chief Financial Officer SeABank, Ms.
SeABank took a multi-phased approach in its modernization effort to support effective governance and provide transparency for its customers. SeABank first implemented Oracle's FTP services, then moved on to incorporate ALM, and now IFRS 9. Oracle's single data model and platform reuse data into multiple use cases, which has helped to reduce overall implementation time, costs, and project risks, and minimize the storage of redundant data. They are able to source the data once but use it many times.
'With Oracle's leading technology now an integral part of the banking process, key critical account, product, and customer profitability analysis is now done in hours instead of days', added Ms.
'SeABank truly recognizes the value of Oracle's integrated offering, from its Funds Transfer Pricing initiative to its recent extension for Asset Liability Management and now our accounting products, we are helping SeABank leverage the power of our single integrated platform to meet their growing business needs,' said
Oracle has helped to change SeABank's customer experiences. One of the most typical applications of SeABank is
Also, customers can now easily open a remote online account through the electronic customer identification tool without having to go to the bank, make money transfers free of charge, plus, enjoy a 0.3 percent interest rate per year when they open a savings account online. SeAMobile Digital Banking has been available on all computer platforms and mobile devices with fast transaction processing speed, making it easy for customers to pay essential bills and make purchases-conveniently, safely, anywhere and anytime.
For more information
Learn more about Oracle's modern risk and finance offerings here. Read how SeABank is transforming its business in this case study.
Contact Info
Oracle
judi.palmer@oracle.com
+1 650 784 7901
Oracle, Corporate Communications (ASEAN)
weiwei.chua@oracle.com
+65 9188 9337
About SeABank
Customers interested in SeABank's programs and products and services can contact the nearest SeABank transaction offices nationwide, call Contact Center 1900 555 587, or visit www.seabank.com.vn to know more details and free consultation.
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About Oracle
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