Temenos has been building out the big data capabilities for both Techcombank and Sacombank Dramatic advances in big data, cloud computing, and AI are transforming the customer experience, leading to a defining moment for the financial institutions who are quick to embrace them to be able to generate greater insights into what their clients want and deliver a wider range of tailored products more efficiently and cost-effectively. In developing economies like Vietnam, with a fast-growing, digitally savvy population and a financial services industry that is not beset by legacy systems, banks are especially well-positioned to apply these advances quicker than their more established international peers. The COVID-19 pandemic has galvanised the adoption rate of new technologies. Banks need to reimagine their channels boldly, anchored in an integrated vision for distribution. Knowing what your clients want – and rapidly tailoring products for them Across several industries, for instance in retail, the separation between the “factory” where products are made and the “shop floor” where they are consumed has been growing as supply chains, means of distribution, and marketing reach have all advanced dramatically. In turn, this has created economies of scale, meaning that suppliers can offer a wider variety of better products to their customers anytime, anywhere. Banks are no different in this respect. The most recent advances in computing power have generated the ability to add distribution networks and access new customers remotely, which is transforming these businesses. Techcombank is one of Temenos’ longest-standing clients in Vietnam. Temenos’ work with Techcombank has enabled it to build its physical branch network as well as its online offering – the more personalised and efficient customer service has also resulted in growth in profitability per customer. Banks, more than any other industry, are poised to …
Difference between cloud computing and web services
HKBN JOS Launches JOS+ to Bring Innovation Closer to Work, Transforming IT to Become More Than as-a-service to Support Singapore SMEs in the new World of Work
SINGAPORE - Media OutReach - 9 February 2021 - HKBN JOS Group ("The Group") proudly announces the launch of JOS+, a full-fledged suite of IT solutions & services, to help small and medium-sized enterprises (SMEs) in Singapore pivot towards an increasingly digital and mobile-first business environment. Recognising the accelerated pace of digital transformation and the emergence of a hybrid workforce in Singapore, JOS+ is a unique IT-as-a-service solution that offers flexible IT and cloud office support for SMEs to maximise cost and business efficiencies. Designed as a subscription-based offering, JOS+ enables SMEs to tap into HKBN JOS' industry-leading IT expertise and office facilities as needed, so they pay only for the services they need to adapt to the increasingly digital business environment. With flexible subscription-based plans, JOS+ provides outsourced IT support hours, enterprise applications and office facilities in a one-stop solutions bundle. It allows businesses to access enterprise level troubleshooting solutions and quick implementation of new technology, enabling organisations to step up on their digitalisation efforts to adapt to the region's new digital-first business reality. The bespoke nature of JOS+ allows organisations to customise the level of support they require, aligned to business and cost considerations, giving them the confidence to strengthen their digital capabilities to pursue growth. "With the comprehensive IT solutions JOS+ has to offer, SMEs in Singapore will be able to reach their full business potential as they embrace the realities of a hybrid workforce," said Jeff Lee, Managing Director, HKBN JOS Singapore. "Our proven track record in driving innovations for customers in this region puts HKBN JOS Singapore in a strong position to help businesses win in a digital era. Guided by our belief in making purposeful profits, JOS+ is custom designed to help businesses respond, adapt and …
Technology – key for 30Shine’s rapid development
Technology has helped 30Shine quickly expand its operations. — VNS Photo The application of technology, especially Amazon Web Services (AWS) Cloud, has helped Vietnamese-run 30Shine – one of the hair-salon chains for men – expand both home and abroad. Established in 2015, 30Shine has become a phenomenon for men because of a new haircut experience accompanied by many steps of care exclusively for men. In the past, 30Shine had only a few stores located along a number of large streets that cater to the stars and connoisseurs. The chain now has 80 stores serving young people in 20 cities and provinces nationwide with a total staff of more than 3,000. 30Shine has also expanded its multinational system when operating its first overseas store in Bangkok, Thailand in 2019. All 30Shine operations are managed through a single system. 30Shine is creating a modern business model that combines two elements of fashion and technology. Bui Quang Hung, co-founder and marketing manager of 30Shine, said: “With traditional management, business owners can directly manage several stores. But when the number of hair salons reaches 80, spread across 20 cities nationwide like 30Shine, this is impossible. Therefore, 30Shine management has considered technology as the core competitive element. “Through a smartphone or computer, we can control each store, instantly assess efficiency, forecast sales, number of customers, performance of the day. We can easily control a hair shop in Thailand thanks to technology," Hung added. The demand for men's haircuts at the end of the year increased so the system was always overloaded, requiring 30Shine to be upgraded in terms of technology. But if you continue to use a physical server system, it will be costly, not to mention time-consuming and not flexible enough to deploy. “The 30Shine management board made a bold decision to immediately apply cloud computing of Amazon Web Services - an advanced and relatively new …
[Read more...] about Technology – key for 30Shine’s rapid development