Techcombank in Vietnam goes “cloud first” with AWS

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) picked Amazon Web Services (AWS) to support its vision to “change banking, change lives” and facilitate the rapid development of innovative new products and services that help Vietnamese individuals, businesses, and corporations grow.

The multi-year collaboration will also focus on establishing a cloud skills program to provide the bank’s employees with access to a comprehensive and broadly adopted cloud offering and promote an environment of rapid and continuous innovation. 

Techcombank will migrate the majority of its applications from on-premises infrastructure to AWS, taking advantage of the cloud’s scalability, and build an integrated data platform to leverage the cloud’s data analytics capabilities. 

This platform will enable the bank to make decisions in real time, understand customers better, accelerate the innovation of new products and services, and enhance customer service and online experience. 

AWS will also support Techcombank with setting up and accelerating innovation and digital talent development programs. These new capabilities are intended to help the bank become more responsive to customer needs and bring solutions to the market faster, further differentiating Techcombank from other financial services players. 

Techcombank will also invest in training initiatives to upskill employees and develop talent as the bank successfully migrates to AWS. To foster an environment of innovation, Techcombank is leveraging AWS training programs including AWS Skills Guild, a comprehensive skills enablement program designed to build cloud fluency across the organization, for 700 employees. 

This initiative will see the formation of a Cloud Champion network, initially led by 25 employees known as Cloud Champions, who will facilitate study groups and offer peer-to-peer coaching to further provide employees with cloud skills to encourage innovation. 

Further, Techcombank is using AWS Educate to connect and reach diverse, global cloud talent for employment opportunities at the bank. The bank is holding activities including an upcoming virtual job fair and targeted employment campaigns for recent university graduates who have completed an AWS education curriculum.

““By building cloud capabilities and leveraging AWS, we strengthen our resilience, and can focus on innovating financial products and services faster to solve customer challenges and uplift communities,” said Jens Lottner, CEO of Techcombank.