LPBank completes conversion of CoreBanking T24 system

LPBank's services and transaction systems on the new CoreBanking T24 technology platform were completed in 7 months and are ready to serve customers.

The T24 CoreBanking transformation project is a core technology project in LPBank's comprehensive, sustainable and prudent development strategy for the 2024-2028 period, helping to improve business performance, flexibility in application design, products and services towards customers. In order for the project to be implemented on schedule, with the expectation of creating many innovations and breakthroughs in operations and development, LPBank focused all resources, working throughout the April 30 and May 1 holidays.

Mr. Le Hoang Chinh Quang (fourth from right), Deputy Director in charge of the Information Technology Department of the State Bank of Vietnam, and other officials took a souvenir photo with the leaders of the LPBank Project Team. Photo: LPBank

The project is not only invested strongly and professionally by the bank, but also different in implementation and efficiency with tightly controlled conversion processes in a short time (only 7 months) to put into stable operation the new CoreBanking T24 system. This shows the potential and affirms LPBank's position in the digitalization process, while closely following the policy and orientation on proactive national digital transformation and the strategy for sustainable banking industry development.

CoreBanking transformation is an important mission in the process of integration and sustainable development of the bank. LPBank focuses on strictly following the transformation process, having a large-scale deployment strategy, scientific and methodical deployment methods, closely coordinating with partners, professional project management, and also focusing on the accuracy, integrity of data, security issues before, during and after the new platform is put into use.

The Project Team directly reports the conversion activities to the leadership of the Information Technology Department of the State Bank of Vietnam. Photo: LPBank

In the coming time, the bank will continue to expand its business activities, strengthen cooperation with strategic partners to develop and exploit optimally and effectively on the basis of new technology systems. LPBank aims to master technology, increase experience value and meet financial needs of customers, fulfilling the mission of becoming the leading retail bank in Vietnam with sustainable and prudent development.

Hai My

Source: https://vnexpress.net/lpbank-hoan-thanh-chuyen-doi-he-thong-corebanking-t24-4741290.html