Hanoi and London, September 2022 – Techcombank in Vietnam has partnered with Validata Group for test automation and data automation in the AWS cloud for their Temenos projects.
Techcombank is one of the largest joint-stock banks in Vietnam with a sustainable financial foundation and outstanding product – service portfolio. Techcombank has an extensive distribution and service network with more than 300 branches and 1229 ATMs across the country, enabled by top-notch technological capabilities.
The bank has been consistently investing in technology to offer a differentiated banking experience for its clients that fits modern lifestyle and customer needs. This has gradually led to Techcombank being positioned at the forefront of innovation in the country’s financial sector and also being the fastest-growing bank in the country.
Having started its digital transformation journey, the bank recognized that having a strong partner with extensive knowledge and domain expertise in the Temenos market would be the key to achieving its objectives. After an exhaustive RFP process, Techcombank selected Validata, as their partner for end-to-end test automation and data automation. The breadth of capabilities of Validata’s AI-powered solutions, agility and scalability made the decision a no-brainer, with Validata winning against frequent competitors in the Temenos market space.
Validata’s test automation platform challenges traditional testing tools, with a revolutionary model-driven hyper-automation approach, powered by AI, iRPA and analytics, allowing it to automate more and provide better testing in less time. It eliminates the data wait with synthetic test data generation and on demand data access and assists the user to perform automated tests as and when required, with optimal coverage against business risk.
In addition, the bank has deployed Validata’s DataOps platform, ConnectIQ, to modernize their data infrastructure and accelerate innovation. With ConnectIQ, the bank will have access to data-ready environments for development and testing, reducing the risk footprint, leading to higher release quality, and shift testing to the left using real data that fully represents production.
Bach IT. Nguyen Pham , Head of IT Quality Engineering at Techcombank, commented, “We are pleased to have selected Validata as our trusted partner. It didn’t take us long to realise that with Validata we would get the ideal combination of Temenos domain knowledge, experience, and best-of-breed technology which will be a core element of the bank’s digital transformation program; powering Techcombank’s data and AI vision."
Vaios Vaitsis, CEO at Validata Group, added, “We are excited to partner with Techcombank and for the confidence they have placed in us as a technology partner for our ability to accelerate their testing activities and bring agility to their Temenos projects. We are committed to help them deliver digital products and experiences that have a real positive impact on their customers and community."
Techcombank is rated highest among banks in Vietnam with a Ba3 2 from Moody’s and BB-3 from S&P and was named “Best Bank in Vietnam 2020” by FinanceAsia, “Best SME bank 2020”, “Best Home Loan Product 2020” and “Best Payments Bank 2020” by The Asian Banker. Techcombank is listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker TCB.
Validata has disrupted the traditional approach to test automation, which has been a manual, time-consuming, expensive, consultant-driven approach. Top Banks globally can no longer afford to use questionable data or traditional report-based tools to create efficiencies.
Validata AI-powered automation platform discovers the root cause faster in business processes, optimises these processes with AI-driven actions and suggestions that proactively reduce and prevent issues and defects, and continuously monitors improvements with unique actionable analytics and visualizations.
For more information visit www.validata-software.com
The bank has been consistently investing in technology to offer a differentiated banking experience for its clients that fits modern lifestyle and customer needs. This has gradually led to Techcombank being positioned at the forefront of innovation in the country’s financial sector and also being the fastest-growing bank in the country.
Having started its digital transformation journey, the bank recognized that having a strong partner with extensive knowledge and domain expertise in the Temenos market would be the key to achieving its objectives. After an exhaustive RFP process, Techcombank selected Validata, as their partner for end-to-end test automation and data automation. The breadth of capabilities of Validata’s AI-powered solutions, agility and scalability made the decision a no-brainer, with Validata winning against frequent competitors in the Temenos market space.
Validata’s test automation platform challenges traditional testing tools, with a revolutionary model-driven hyper-automation approach, powered by AI, iRPA and analytics, allowing it to automate more and provide better testing in less time. It eliminates the data wait with synthetic test data generation and on demand data access and assists the user to perform automated tests as and when required, with optimal coverage against business risk.
In addition, the bank has deployed Validata’s DataOps platform, ConnectIQ, to modernize their data infrastructure and accelerate innovation. With ConnectIQ, the bank will have access to data-ready environments for development and testing, reducing the risk footprint, leading to higher release quality, and shift testing to the left using real data that fully represents production.
Bach IT. Nguyen Pham , Head of IT Quality Engineering at Techcombank, commented, “We are pleased to have selected Validata as our trusted partner. It didn’t take us long to realise that with Validata we would get the ideal combination of Temenos domain knowledge, experience, and best-of-breed technology which will be a core element of the bank’s digital transformation program; powering Techcombank’s data and AI vision."
Vaios Vaitsis, CEO at Validata Group, added, “We are excited to partner with Techcombank and for the confidence they have placed in us as a technology partner for our ability to accelerate their testing activities and bring agility to their Temenos projects. We are committed to help them deliver digital products and experiences that have a real positive impact on their customers and community."
About Techcombank
Established in 1993, Techcombank is one of the largest joint stock banks in Vietnam, and a leading bank in Asia. Techcombank pursues a proven customer-centric strategy in providing a broad range of banking solutions and services to more than 8.4 million retail and corporate customers in Vietnam through an extensive network of over 300 transaction offices across the country and market-leading digital banking services. The bank’s ecosystem approach, which is implemented across multiple key economic sectors, further differentiates Techcombank in one of the fastest growing economies in the world.Techcombank is rated highest among banks in Vietnam with a Ba3 2 from Moody’s and BB-3 from S&P and was named “Best Bank in Vietnam 2020” by FinanceAsia, “Best SME bank 2020”, “Best Home Loan Product 2020” and “Best Payments Bank 2020” by The Asian Banker. Techcombank is listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker TCB.
About Validata Group
At Validata we help banks test, monitor, and analyse their end-to-end customer experience 20x faster than open source or traditional tools. Our award-winning platform is the first to combine AI, RPA, and analytics, setting a new benchmark for testing user experience and digital change, eliminating data bottlenecks and delivering self- learning test automation and DevOps at scale. Banks and Financial Services organisations around the world, rely on Validata’s AI-powered technology to guide action and drive change, turning business processes into extraordinary experiences and resulting in cost savings and enhanced ROI.Validata has disrupted the traditional approach to test automation, which has been a manual, time-consuming, expensive, consultant-driven approach. Top Banks globally can no longer afford to use questionable data or traditional report-based tools to create efficiencies.
Validata AI-powered automation platform discovers the root cause faster in business processes, optimises these processes with AI-driven actions and suggestions that proactively reduce and prevent issues and defects, and continuously monitors improvements with unique actionable analytics and visualizations.
For more information visit www.validata-software.com