This event not only affirmed the pioneering position of Nam A Commercial Joint Stock Bank (Nam A Bank - HOSE: NAB) in the financial market but also marked it as one of the core system upgrade projects with the fastest completion time in Vietnam to date.
Comprehensive digitization using real-time data processing technology and AI
Accordingly, Nam A Bank is the first credit institution in Vietnam to apply the most advanced version of Oracle FLEXCUBE Universal Banking 14.8 developed by Oracle Group.
The core technology highlight of this system is the transition to the international standard Microservices architecture, which helps to independently manage nghiệp vụ components so that banks can upgrade and maintain individual features without disrupting the entire system, and at the same time be ready to connect super-fastly with the satellite application ecosystem of third-party partners through a flexible API platform.
In addition, the new system also completely eliminates operating latency using flow data processing and automatic accounting technology, ensuring that all transactions are recorded into the total accounting system in real time and operate smoothly even during peak hours with sudden increases in transaction volume.
In particular, Oracle FLEXCUBE 14.8 operates like an intelligent technology brain thanks to deep integration of artificial intelligence (AI) and machine learning algorithms, automatically analyzing behavior to provide large-scale personalized financial solutions, and continuously scanning transaction flows to detect abnormal behaviors, manage credit risks and prevent fraud right during operation.
The transition to the new Core Banking system always comes with complex challenges in data conversion and system integration. However, by establishing a comprehensive coordination model between Nam A Bank, Oracle Consulting and SVTECH, this upgrade project has been successfully completed and exceeded the expected progress.
Open Banking 3.0 and the philosophy "Skillful as tea - Modern in every touch
In parallel with strengthening the core infrastructure, Nam A Bank brings a new look and a specialized interactive journey for users with the Open Banking 3.0 version with a breakthrough design philosophy: "Delicate like tea - Modern in every touch". Inspired by the spirit of modern tea, gentle, minimalist but full of depth, the application opens up an elegant and youthful digital space for customers.
The focus of this interface is the smart rotating menu cluster in the center of the screen, completely changing the usual navigation thinking so that users can rotate and explore, quickly access essential features from Money transfer, Savings, Account, Loan capital... with just one touch.
The navigation bar area is also intelligently designed to optimize touch and swipe operations, turning the application into an intuitive and smooth financial supermarket.
The emergence of Open Banking 3.0 helps upgrade the superior experience, encapsulating the entire world of digital services and daily spending needs into a single platform according to the criteria "bank within reach". The system's comprehensive connection synchronization also helps individual and organizational customers optimize operational processes, while expanding end-user access channels through deeply integrated financial supermarkets.
A representative of Nam A Bank said: "The synchronous operation of the Core Banking and Open Banking 3.0 systems is of strategic importance, helping Nam A Bank modernize the core operating platform, standardize processes, improve compliance and data exploitation efficiency. This is a solid launching pad for the Bank to improve long-term competitiveness and strongly transform into a comprehensive open super application, ready to break through in the future digital banking era.
