CBTW and CIMB Thai partner to establish a Software Development Center in Vietnam
Challenge
CIMB Thai is a member of CIMB Group, a leading focused ASEAN bank and one of the region’s foremost corporate advisors. The Group is headquartered in Kuala Lumpur, Malaysia, and offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. It is the fifth largest banking group by assets in ASEAN and, as at the end of December 2022, has around 33,000 staff and over 20 million customers.
CIMB Thai Bank Public Company Limited is driven by its vision to be a digital-led bank with ASEAN reach delivering excellence Wealth Management, Treasury, Consumer Banking, Corporate Banking and ASEAN related products and services.
CIMB Thai is a member of CIMB Group, a leading focused ASEAN bank and one of the region’s foremost corporate advisors. The Group is headquartered in Kuala Lumpur, Malaysia, and offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. It is the fifth largest banking group by assets in ASEAN and, as at the end of December 2022, has around 33,000 staff and over 20 million customers.
CIMB Thai Bank Public Company Limited is driven by its vision to be a digital-led bank with ASEAN reach delivering excellence Wealth Management, Treasury, Consumer Banking, Corporate Banking and ASEAN related products and services.
Solution
The Vietnam Software Development Center kicks off with a team based in Hanoi. The team is working closely with the CIMB’s engineering teams in Thailand to deploy new features and enhancements on the CIMB Thai mobile banking application as well as other digital touchpoints.
With an average of 55,000 new engineers graduating each year, Vietnam’s software development sector is flourishing and becoming a major player in the worldwide software product engineering market. Vietnam is also predicted to become the second-largest digital economy in Southeast Asia by 2025.
Through its scalable and cost-effective Build Operate Transfer (BOT) model, CBTW has established more than 15 software development centers in Vietnam to assist its global clients in accelerating their product roadmaps and digital transformation journeys.
The Vietnam Software Development Center kicks off with a team based in Hanoi. The team is working closely with the CIMB’s engineering teams in Thailand to deploy new features and enhancements on the CIMB Thai mobile banking application as well as other digital touchpoints.
With an average of 55,000 new engineers graduating each year, Vietnam’s software development sector is flourishing and becoming a major player in the worldwide software product engineering market. Vietnam is also predicted to become the second-largest digital economy in Southeast Asia by 2025.
Through its scalable and cost-effective Build Operate Transfer (BOT) model, CBTW has established more than 15 software development centers in Vietnam to assist its global clients in accelerating their product roadmaps and digital transformation journeys.
Results
April 2023 – CIMB Thai Bank PCL (CIMB Thai), a member of CIMB Group, and CBTW announced a strategic partnership to establish an expert software development center for CIMB Thai in Hanoi, Vietnam.
Through its scalable and cost-effective Build Operate Transfer (BOT) model, CBTW has established more than 15 software development centers in Vietnam to assist its global clients in accelerating their product roadmaps and digital transformation journeys.
April 2023 – CIMB Thai Bank PCL (CIMB Thai), a member of CIMB Group, and CBTW announced a strategic partnership to establish an expert software development center for CIMB Thai in Hanoi, Vietnam.
Through its scalable and cost-effective Build Operate Transfer (BOT) model, CBTW has established more than 15 software development centers in Vietnam to assist its global clients in accelerating their product roadmaps and digital transformation journeys.