Online corporate banking solution launched in Vietnam
(VOV) -ANZ Vietnam, an affiliate of the Australia and New Zealand Banking Group (ANZ), on July 17 launched an online corporate banking platform in Vietnam, offering clients fast, convenient and secure cash management services.
Vietnam is the third market where ANZ introduces its Asia Pacific regional form - ANZ Transactive.
The newly launched solution significantly reduces transaction processing time, and multichannel functionality allows access either through ipad, laptops or desktops, helping clients act on their business decisions on a timely basis.
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Tared Muhmood, ANZ CEO Vietnam said the advanced solution further strengthens the bank’s capacity to support clients with increasing straight-through processing and cross-border transaction needs. “This new tool will help our clients better manage their liquidity and cashflow, save time and management costs, enhance risk management, optimise return on funds and make informed business decisions,” he said.
Muhmood said: “Vietnam is an important and high-growth market for ANZ and our continued investment in technology and improved platforms demonstrates our strong commitment to this market”.
In Asia, transaction volumes have multiplied by 100 since ANZ Transactive was first launched in Hong Kong and Singapore in December, 2011 and the number of clients using the platform has increase 50-fold. In Vietnam, transaction volumes show a 37% growth year on year in the first six months of 2013.
ANZ was one of the first international banks to operate in Vietnam, establishing a Vietnamese office in 1993. It has expanded to its 10 current Vietnamese branches and transaction points that offer a full range of services including retail banking, institutional banking, and commercial banking catering to small, medium, and emerging businesses.
In 2013, ANZ won the Visa Vietnam “Leadership in Card Activation” Bank Award. Trade Finance Magazine voted ANZ Vietnam the “Best International Trade Bank in Vietnam” last year.