In 2017, alongside a series of strategic contract signings in the banking and financial sector, Financial Software Solutions Joint Stock Company (FSS) also marked important milestones by successfully delivering and putting several major banking technology projects into operation. The successful golive of these systems not only demonstrated FSS’s implementation capabilities, but also reaffirmed its position as a trusted technology partner for leading financial institutions in Vietnam.
Starting from December 20, 2017, TPBank officially launched and operated its centralized Funds Transfer Pricing (FTP) management system. Developed and implemented by FSS, the FTP solution had previously been successfully deployed at several Vietnamese banks, including Maritime Bank (MSB) and PVcomBank.
The system enabled TPBank to effectively measure the performance of business divisions within the bank, while identifying, pricing, and managing interest rate risks. At the same time, the solution provided appropriate internal incentives for business units and helped assess the impact of interest rate risk transfer within the bank’s asset-liability management operations.
Earlier, on December 18, 2017, the Data Warehouse system implemented by FSS for Asia Commercial Bank (ACB) had also officially gone live after a period of development and deployment.
The project established a data management platform based on the IBM Banking Data Model — a best-practice framework adopted by hundreds of banks worldwide. In addition, the system provided reporting capabilities supporting market risk management in compliance with Circular 41 issued by the State Bank of Vietnam, while also preparing data foundations for advanced Basel II credit risk management requirements.
With the successful completion of this market risk management framework, ACB became one of the first banks in Vietnam to achieve key objectives under the Basel II risk management program. The project contributed significantly to ACB’s commitment to modernizing its governance and operational management systems in alignment with Vietnamese regulations, practical business requirements, and international best practices, ensuring stable and sustainable development for the bank.
The successful golive of these major projects further highlighted FSS’s capability in delivering complex banking technology solutions, particularly in areas such as risk management, data management, and financial operations. These achievements continued to strengthen FSS’s reputation and competitiveness in Vietnam’s banking and financial technology market.
