VPBank, one of Vietnam’s top five private commercial banks, has successfully modernized to the latest Temenos core banking system, in collaboration with Systems Limited, deploying the platform on Red Hat OpenShift. This strategic transformation reflects VPBank’s commitment to digital innovation and operational excellence, leveraging modern cloud-native technologies to enhance scalability, performance, and customer experience. 

The project involved migrating VPBank from its existing version of Temenos core banking to the latest release, hosted by Red Hat OpenShift. The upgrade encompassed the migration of more than 18 million customer accounts and millions of loan records, serving a customer base of over 17 million. Despite the scale of this majorx operation, the transition was completed in a single cutover window of less than 24 hours. 

This modernization introduced major advancements across VPBank’s operations. By moving its application architecture to the cloud with Red Hat OpenShift, the bank now operates in a fully cloud-native environment, unlocking new levels of resilience, agility, and operational efficiency. The platform equips VPBank with the ability to bring new products to market faster, integrate ​more ​seamlessly with external partners, and deliver richer digital experiences through improved reliability and performance. The transformation also drives significant cost efficiencies by automating workflows, optimizing resources, and reducing IT overheads. 
 

At VPBank, modernization is not an end in itself but a foundation for what comes next. By embracing open, cloudnative architectures and reengineering our core banking platform on Red Hat OpenShift, we are building the agility and resilience needed to continuously innovate at scale. This transformation reflects our commitment to being a technology-first bank—one that can evolve rapidly, deliver with consistency, and serve all our customers with trust and speed in an ever-changing digital world. We deeply value the strong collaboration with Temenos, Red Hat, and Systems Limited, whose partnership has been instrumental in turning this vision into reality.

Wong Kok Seng Augustine

Chief of Information Officer, Vietnam Prosperity Joint-Stock Commercial Bank (VPBank)

This success with VPBank demonstrates the depth of our expertise in executing complex core banking upgrades on a global scale. By combining innovative methodologies with Temenos’ next-generation platform and Red Hat OpenShift, we have enabled VPBank to achieve remarkable improvements in scalability, efficiency, and performance.This is a milestone that showcases our commitment to enabling banks across APAC to modernize for the digital future.

Ammara Masood

GM Global Industries, Banking & Financial Services, Systems Limited

Red Hat OpenShift, the industry’s leading hybrid cloud application platform powered by Kubernetes, provides banks like VPBank with a strong foundation to containerize mission-critical applications, automate operations, and help ensure more consistent performance while maintaining business continuity across environments.With this modernization, VPBank gains the ability to orchestrate workloads at scale, streamline deployments, and maintain high availability—critical capabilities for supporting millions of customers while driving continuous innovation.

Dao Hoang Giang (Jane)

Country Manager, Red Hat Vietnam, Cambodia, Laos & Myanmar

We are proud to partner with VPBank, Systems Limited, and Red Hat on this groundbreaking transformation.By moving to the latest Temenos Core on Red Hat OpenShift, VPBank gains the agility to design and launch products faster, integrate seamlessly with digital ecosystems, and deliver superior experiences to millions of customers. This project sets a new benchmark for core banking modernization in the region and highlights how leading banks like VPBank are choosing Temenos to accelerate innovation, enhance customer experiences, and scale with confidence.

William Dale

Managing Director – APAC, Temenos

This modernization marks a defining step in VPBank’s journey to shape the future of digital banking in Vietnam.