Mitsuaki Shiogo, core-banking system implementation project director of Eximbank That is why the core-banking system is considered the nucleus of a bank’s information as well as other financial systems. The more effective the core banking system is, the more costs banks can save. Banks and financial institutions in Vietnam are in the process of upgrading or replacing their “core” system. Vietnam Export-Import Commercial Joint-Stock Bank (Eximbank), for instance has chosen the Infosys Finacle core-banking solution to replace its existing one. According to Mitsuaki Shiogo, core banking system implementation project director at Eximbank: “In the context of the robust development of information technology and growing demand for high-tech banking products and services among customers, Eximbank is required to select an appropriate technological solution for its own. Infosys’ Finacle core banking software solution has been chosen thanks to its … [Read more...] about Eximbank to apply infosys technology for enhanced risk management
Information technology risk management
Intelligent technology crucial to sustainable healthcare
Tommy Leong The World Bank reports that East Asia’s population is ageing faster than any other region’s in history, home to 36 per cent of the international 65 and over population with 211 million people. Singapore, Japan, and South Korea are considered as “advanced agers”. Furthermore, the increasing prevalence of chronic diseases adds to the demands on healthcare organisations, which are already constrained by tightening budgets and a lack of resources. To meet the demands of an ageing population, there is an even greater focus needed on achieving better operational efficiency, while improving patient safety and satisfaction through integrating innovative technology in healthcare infrastructure. Meanwhile, hospitals on average use three times the volume of electricity of a typical large-scale office building, thereby adding to the burden of rising operations and energy costs. Whether designing a new facility or expanding an existing one, it is important to … [Read more...] about Intelligent technology crucial to sustainable healthcare
PM inspects State capital management committee’s IT system
Prime Minister Nguyen Xuan Phuc inspected the building of information technology systems by the State capital management committee at enterprises, on May 30. PM inspects State capital management committee’s IT system - Photo: VGP PM Nguyen Xuan Phuc lauded the committee's determination and courage in applying technology to improve the efficiency of business management, adding that it is necessary to widely apply it to enterprises. Online management systems are being tested by the committee with the support of a number of reputable and capable IT units. The system is expected to form the basis of the e-Government and will help the committee to monitor and directly connect with enterprises. It is expected to be transferred to the committee in order to assess the operation, personnel, and the increase and decrease of total state capital at enterprises. In addition, the system has a set of indicators to analyze and assess the "health" of enterprises, including the … [Read more...] about PM inspects State capital management committee’s IT system
Logistic firms advised to step up application of technology
A survey by Vietnam Logistics Association (VLA) revealed that 87 percent of logistic enterprises agreed that technology creates a competitive edge and 83 percent it’s up to them to better use technology. IT use in Vietnamese logistic firms, though at a medium level compared to the world, has increased in recent years. About 40-50 percent of businesses have used technology in transportation, higher than the 15-20 percent two years ago. Some big firms have even utilized technology from the world’s leading companies such as Oracle and IBM. Photo for illustration However, as most of them are small and medium sized enterprises (SMEs), they mostly use mandatory applications such as customs declaration software Manifest on the national one-stop system or truck positioning software. Only 10-15 percent of companies use technology to manage transportation, vehicles or warehousing. According to VLA’s chairman Dao Trong Khoa, it is high time for logistic firms … [Read more...] about Logistic firms advised to step up application of technology
Logistic firms urged to get technological
Technology is seen as one way to help domestic logistic enterprises cut costs to gain an edge amidst higher demand in global transport. Logistics costs in Viet Nam are still high, accounting for 16.8 per cent of enterprises’ costs, higher than the average of 12.5 per cent in the Asia-Pacific region, in which transport cost accounts for up to 50 per cent. - Photo tapchitaichinh.vn A survey by Viet Nam Logistics Association (VLA) revealed that 87 per cent of logistic enterprises agreed that technology creates a competitive edge and 83 per cent it’s up to them to better use technology. IT use in Vietnamese logistic firms, though at a medium level compared to the world, has increased in recent years. About 40-50 per cent of businesses have used technology in transportation, higher than the 15-20 per cent two years ago. Some big firms have even utilised technology from the world’s leading companies such as Oracle and IBM. However, as most of them are small and … [Read more...] about Logistic firms urged to get technological