- Green Growth
- Your Consultant
Shinhan Bank Vietnam is laying a great focus on strengthening its core system through enhancing and expanding its treasury operations, thus significantly improving its risk management and operational efficiency.
Accordingly, the flexibility and efficiency offered by Fusion Kondor and Fusion Risk solutions from the UK-backed fintech Finastra would strongly position the bank to grow faster and fulfil its ambitions of regional and international expansion.
|Shinhan Bank has integrated Finastra technology into its trading and risk platforms (Photo: Kim Tae Hee, Division Head of Capital Market & Trading Division at Shinhan Bank)|
“A key focus of our business is being the best solution provider for customers who deal with various risks by derivative products offering, so it is important for us to remove barriers to growth,” said Kim Tae Hee, division head of Capital Market & Trading Division at Shinhan Bank.
“Deep integration between Finastra’s Fusion Kondor, Fusion Risk and our IT systems architecture enables our treasury and global market to handle higher volumes of transactions with flexible capacities, accurate pricing methodologies, risk monitoring to support more complex derivatives, and fixed income instruments. Close collaboration between Shinhan Bank and the Finastra team demonstrated that, even during the troubled times of the pandemic, we can achieve great things," he added.
With flexible trade capturing and deal screens, Fusion Kondor can be configured to meet the needs of different desks and individual traders, while versatile workspaces and workflows can all be set up for intuitive and efficient usability. Fusion Risk will also help Shinhan Bank Vietnam meet its regulatory obligations and offers powerful analytics to deliver insights to optimise business performance – from day-to-day operational oversight to long-term strategic business planning.
“This project was delivered successfully through Finastra’s Fusion Adopt methodology, which offers rapid implementation through standardisation and proven business best practices. We were also able to deliver 85 per cent of the project remotely, which limited the impact of the pandemic and allowed the implementation to happen smoothly and within predicted timelines,” said Luc Hovhannessian, managing director, APAC, Finastra. “We will continue to work closely with the team at Shinhan Bank Vietnam, providing training and support to ensure that they are able to maximise value from new solutions.”
Shinhan Bank Vietnam is a subsidiary of Shinhan Bank Korea, an affiliate of Shinhan Financial Group (SFG). SFG is the leading financial holding company in Korea, which was established on the basis of Shinhan Bank, Shinhan Capital and Shinhan Investment Management.
Over the history of over 27 years, Shinhan Bank has built a broad network expanding from the North, Central, and South Vietnam. Currently, Shinhan Bank has been offering a diversified portfolio of tailored corporate and consumer banking products and solutions.
For more information about Shinhan Bank Vietnam, please visit