Nucleus Software Implements FinnOne Neo® for Vietnam’s MB Bank
Filing Summary
Nucleus Software Exports Ltd has announced the successful implementation of its FinnOne Neo® platform at Military Joint Stock Commercial Bank (MB Bank) in Vietnam. This deployment, in collaboration with FPT Information System Corporation Consortium, enhances MB Bank’s debt management and collection processes. The platform provides a unified system that optimizes internal workflows and supports automation. MB Bank, one of Vietnam’s top five commercial banks, aims to improve efficiency across its retail and SME businesses. The implementation aligns with MB Bank’s digital transformation strategy, expanding its digital footprint in Vietnam.
Nucleus Software Exports Ltd has announced that its FinnOne Neo® platform has been successfully implemented at Military Joint Stock Commercial Bank (MB Bank) in Vietnam. This implementation was carried out in collaboration with the FPT Information System Corporation Consortium. MB Bank, recognized as one of Vietnam’s top five commercial banks, has integrated the platform to enhance its debt management and collection processes.
The financial terms of the implementation have not been disclosed in the filing. However, the deployment is part of MB Bank’s broader strategy to optimize cost efficiencies and drive digital adoption across its operations. The collaboration with Nucleus Software aims to support MB Bank’s efforts in enhancing its retail and SME business segments.
The FinnOne Neo® platform provides MB Bank with a unified system designed to optimize internal collection workflows. It supports automation and improves collection and recovery efficiency across key portfolios. The platform’s modular architecture allows for customization to comply with Vietnam’s legal conditions and regulations. Specific modules, including Repo, Settlement, and Legal, have been tailored to ensure optimal output results.
MB Bank is accelerating its digital transformation to expand its digital footprint across Vietnam. The bank serves over 35 million customers and operates as a multi-sector financial group. Its ecosystem includes three banks and six member companies across various sectors, such as insurance, securities, and consumer finance. This diversified ecosystem enables MB Bank to broaden its service capabilities and meet diverse customer needs.
The implementation of FinnOne Neo® aligns with MB Bank’s timeline for digital transformation, although specific dates and milestones are not detailed in the filing. The collaboration with Nucleus Software and FPT Information System Corporation Consortium is part of MB Bank’s ongoing efforts to enhance its operational efficiency and customer experience.
MB Bank is a leading financial institution in Vietnam, focusing on digital transformation and sustainable development. The bank aims to provide comprehensive financial services while maintaining transparency and management strength. Its strategic initiatives include expanding its digital services and enhancing its competitive advantage in the market.
Nucleus Software Exports Ltd is a publicly traded company providing lending and transaction banking products to global financial institutions. The company offers solutions that support retail lending, corporate finance, and transaction banking. Its flagship products, FinnOne Neo® and FinnAxia®, are designed to facilitate digital transformation in the financial sector. Nucleus Software is committed to delivering innovative fintech solutions to over 200 banks and financial institutions worldwide.