Saigonbank said that the addition of Ambit Online Banking will further support its plans for domestic and international growth by helping it to offer clients a range of new online retail banking services such as account inquiry, funds transfers, bill payment, checkbook request and stop payment orders.

Tran Thi Viet Anh, director general of Saigonbank, said: “As a result of the implementation of SunGard’s Ambit Core Banking solution, Saigonbank experienced both performance and efficiency improvements. After evaluating a number of leading providers for online banking, we felt that SunGard’s demonstrated success with our core banking solution and its single, customer-centric platform would offer the best value to the bank and its customers.”

David Hamilton, president of banks business at SunGard, said: “Ambit EBS is a componentized solution that is able to consolidate retail banking operations across channels and provide a 360º view of a client’s relationship with the bank.

“Given the growth in the Vietnam economy, Saigonbank has a substantial market opportunity that is complicated by new foreign banking service providers now entering the country. By continuously striving to offer high quality products and services and adopting technologies to support these offerings, the bank is well positioned to retain its existing clients and grow its business with new clients.”