The increased digital capabilities of regional banks has increased competition for treasury centre investment across Asia as less established locations look to take business from Singapore, Hong Kong and Shanghai.
Norwegian government-owned Norfund is investing with a view to boost financial inclusion in Vietnam, adding to a list of SeABank’s foreign institutional investors.
Huong Tran will oversee the finance operations across Singapore, Vietnam, Malaysia, Philippines, Indonesia and Thailand, at the fast-growing British digital and cybersecurity firm.
Partnership between LPBank and Finastra to digitise the bank’s treasury offerings highlights the continuing transformation of Vietnam’s banking sector in 2024, but treasury talent could be an issue.
VNG Digital Business recently revealed its latest suite of cloud computing platform services, which are set to support the digital transformation agendas of Vietnamese corporates.
The investment will support the bank’s growth in Vietnam and demonstrates the market’s prominence as an Asean trade hub, for local and multinational corporates alike.
A collaboration between Vemanti, Finastra and Lendscape will expand the financing solutions on offer to Southeast Asia’s community of SMEs. The launch of a new digital bank is set to follow.