Vietnam’s Sacombank has completed a core banking modernization project with Temenos and IBM, shifting from an on-premises deployment to a hybrid cloud environment built on Red Hat OpenShift and IBM Power infrastructure.
The upgrade supports the bank’s retail and SME operations, which serve millions of customers and process 13 million transactions daily. Sacombank cited gains including a 200% improvement in application performance, three-times faster deployment cycles and a 50% reduction in server footprint. The bank also selected Temenos Payments Hub to support cross-border payments as part of its ongoing digital transformation.
Sacombank Deputy CEO Luu Danh Duc said the upgrade provides a scalable, high-performing foundation to accelerate innovation and deliver new services faster while maintaining secure and seamless banking experiences for customers.
Temenos Managing Director for APAC William Dale said the project reinforces the bank’s move to hybrid cloud and selection of Temenos Payments Hub, strengthening its foundation for innovation and growth across the region.
IBM Power and IBM Infrastructure CTO Hilery Hunter said the collaboration delivers a scalable, resilient hybrid cloud environment without trading stability for speed, supporting operational efficiency and faster market responsiveness.
Temenos has a strong presence in Vietnam, serving multiple leading banks in the market. The company provides a global core banking suite and composable solutions deployable on-premises, in the cloud or as SaaS to enable next-generation banking services and AI-enhanced experiences.
