Announcement under Regulation 30 (LODR)-Press Release / Media Release

Media Release - Cathay United Bank chooses iKredit360, a comprehensive and composable technology platform to transform its lending business in Vietnam

8 days ago

PRESS RELEASE

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  • Dear Sir, Sub: Media Release - Cathay United Bank chooses iKredit360, a comprehensive and composable technology platform to transform its lending business in Vietnam

  • Intellect Global Consumer Banking (iGCB), ranked #1 in the world for Retail Banking by IBS Intelligence, announced that the Cathay United Bank, one of the leading banks in Vietnam, has chosen to implement iGCB’s acclaimed digital credit platform – iKredit 360 to power the next growth stage of their lending business.

  • Please find enclosed herewith a copy of the proposed Media Release dated 21 st September 2022 titled “Cathay United Bank chooses iKredit360, a comprehensive and composable technology platform to transform its lending business in Vietnam”.

  • Cathay United Bank chooses iKredit360, a comprehensive and composable technology platform to transform its lending business in Vietnam

  • Cloud hosted solution built on API-first micro-services architecture will enable the bank to enhance customer experience and customer lifecycle value with new-age credit solutions such as BNPL

  • Intellect Global Consumer Banking (iGCB), ranked #1 in the world for Retail Banking by IBS Intelligence, announced that the Cathay United Bank, one of the leading banks in Vietnam, has chosen to implement iGCB’s acclaimed digital credit platform – iKredit 360 to power the next growth stage of their lending business.

  • The bank chose iGCB’s state of the art credit platform iKredit360 to meet the ever-changing needs of credit seekers.

  • An end-to-end loan lifecycle management system comprising of Loan Servicing, Collateral & Limits Management and Partner Management, iKredit will empower Cathay United Bank to become the lender of choice in Vietnam by: 1.

  • Enhancing customer experience with an end-to-end digitization of the lending process.

  • Increasing customer lifetime value and mitigate risks with a real-time 360 degree customer view.

  • Commenting on the partnership, Marcus Yao, Senior EVP, Digital, Data & Technology of Cathay Financial Holdings said, “Vietnam is a key strategic market for Cathay Financial Holdings and we aim to deliver innovative financial solutions to our Vietnamese customers.

  • We are looking forward to this new partnership. ”

  • Commenting about the prestigious deal win, Rajesh Saxena, Chief Executive Officer, Intellect Global Consumer Banking said “The BNPL industry has become one of the fastest-growing sectors in the Southeast Asia region and BNPL payments in Vietnam alone are expected to reach US$ 1,123.9 million in 2022.

  • Later (BNPL) proposition to their customers which will also enable the bank to increase their addressable market.

  • We are truly excited about this partnership and look forward to Cathay leveraging iKredit360 to become the lender of choice in Vietnam”

  • Its unique blend of integrated functionality and agility is made possible by its Microservices-based, API-first, cloud-native architecture with powerful integration capabilities.

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    Mentioned Phrases & Organizations

    Important keywords detected (20+)

    bank (22)
    banking (17)
    cathay (16)
    intellect (15)
    vietnam (12)
    lending (11)
    united (10)
    cathay united (10)
    united bank (10)
    cathay united bank (10)
    digital (8)
    platform (8)
    financial (8)
    business (7)
    igcb (7)
    retail (7)
    credit (7)
    design (7)
    insurance (7)
    global (6)

    Organizations identified (10+)

    Cathay United Bank (8)
    IBS Intelligence (2)
    BNPL (2)
    Cathay Financial Holdings (2)
    INTELLECT Bandra (1)
    PJ Towers (1)
    Partner Management (1)
    iKredit (1)
    Cathay Financial Holdings (1)
    Cathay (1)

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