SACOMBANK Selects New Generation Internet and Mobile Banking Solution from Infosys Finacle

  SACOMBANK Selects New Generation Internet and Mobile Banking Solution from
                               Infosys Finacle

  PR Newswire

  HO CHI MINH CITY, Vietnam, December 11, 2012

HO CHI MINH CITY, Vietnam, December 11, 2012 /PRNewswire/ --

- Bank Aims to Serve the Internet Banking Needs of 2 Million Customers by 2016

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has announced its
partnership with Infosys, a global leader in consulting and technology, to
implement the new generation Finacle e-banking & mobile banking solution. The
Bank will install Finacle's consumer e-banking, corporate e-banking and mobile
banking solutions. The solutions will enable the bank to develop sophisticated
internet banking products and services with faster roll out times, targeted at
improving customer satisfaction. It will also help influence customer loyalty
through unique personalization capabilities, industry-leading security
features and intelligent customer insights that will drive the adoption of
online banking.

Given Vietnam's relatively high internet usage rates and strong willingness
among customers to adopt new technology, Sacombank envisages an addition of
several million e-banking customers over the next few years. The bank,
therefore, required an e-banking solution that would offer both flexibility
and scalability to support its expansion plans, while improving customer
experience. The bank chose Finacle's new generation solution for its
extensible architecture and unique persona driven features.

Finacle's e-banking solution will enable Sacombank customers to use advanced
online functions and services such as personal financial management, liquidity
management and online L/C. Corporate clients, in particular, can submit
payment orders via mobile phone after the e-banking system upgrade that is
scheduled for December next year. This is in addition to the current internet
and mobile phones based services such as intra-bank and bank-to-bank
transfers, utility bill payments, term deposit purchase, airlines ticket
purchase, prepaid card top up, etc.

Mr. Nguyen Minh Tam , Deputy CEO of Sacombank said: "To keep pace with the
development of the banking sector as well as the increasing popularity of the
internet and hence higher usage of internet banking, Sacombank has set
Information Technology - one of the four key strategies - to be the top
priority in the Bank's 2011-2015 development period. In order to achieve this
key objective, Sacombank has invested heavily on information technology system
in the recent years, including e-banking transaction channel. Therefore, this
cooperation with Infosys will open up opportunities for Sacombank to further
penetrate in the very potential market and to set solid foundation to become
the best service and most competitive bank in Vietnam and the region. The
objective of this project is to enhance our capability to serve the e-banking
needs of more than 2.000.000 customers by 2016 and to allow customers to make
almost all banking transactions over Internet."

Mr. Sanat Rao , Vice President and Global Head - Client Services, Finacle,
Infosys said: "Sacombank is a pioneer in the Indo-China market for innovation
and commitment to excellence and we are privileged to be chosen as the bank's
strategic technology partner. Channels, especially online and mobile, are the
top innovation priorities and key growth levers for tomorrow's banks. With
Finacle's proven channel banking solutions, we are committed to helping
Sacombank innovate and engage more consumers in newer ways. This as an
exciting opportunity for us and strongly underlines Infosys' capabilities to
support banks throughout Vietnam and the ASEAN region."

About Sacombank

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) was established on
21/12/1991. Sacombank has been a pioneer in expanding its branch network in
Laos and Cambodia. Especially, being the only bank in Vietnam to open special
branches for women and the Chinese-speaking community. As of 30/09/2012, there
are 416 transaction points, including 7 transaction points in Cambodia and
Laos. According to the Q3 reports, accumulated profit before tax in 3 first
quarters of 2012 was VND 2,107 billion, equivalent to 62% of the plan in 2012.
Recently, Standard & Poor's (S & P) highly rated growth prospect of Sacombank
and raised the long-term credit rating from B+ to BB-. On the other hand,
Sacombank has received many awards from the State Bank and international

Contact: For more details, please contact: Nguyen Thien Tam,, Tel: +84-8-38-469-516, Fax: +84-8-35-265-926
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