Commenting on the selection, Techcombank chief technology officer Phung Quang Hung said that SunGard provides local support capabilities and multi-asset expertise, particularly in ATM reconciliation.
"SunGard’s IntelliMatch Operational Control provides us with a rule based, configurable engine which supports inward and outward reconciliation for both domestic and international payments," Quang Hung added.
Replacing manual reconciliations processes at the bank, the new technology will offer a single, centralized platform for cash, card and ATM transactions, while computerizing these processes will boost efficiency, decrease error and reduce operational risk.
Further, it will also boost productivity and enables the bank’s employees to concentrate on value-added activities such as exception handling.
Enabling rapid on-boarding of new reconciliations, consolidation of infrastructure and processes, IntelliMatch Operational Control helps businesses to lower total cost of ownership and increase operational efficiency.
Established on 27 September 1993, Techcombank is also known as Vietnam Technological and Commercial Joint- stock Bank.
