Despite receiving offers from several international vendors, the executive board of VietABank has placed full confidence in TNTech's capabilities.Mr. Nguyễn Văn Trọng, Acting CEO of VietABank, shared:
"Partnering with TNTech to deploy our new AML system demonstrates VietABank’s strong commitment to combating money laundering and terrorist financing. We firmly believe that this advanced AML solution will significantly enhance our risk management effectiveness, protect both customers and the broader financial system, and support VietABank’s sustainable growth in the financial market".
A Modern AML System: Meeting Both Regulatory Requirements and Operational Demands
The AML solution developed by TNTech is built in alignment with international standards on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT), ensuring compliance with Vietnamese laws, recommendations of the Financial Action Task Force (FATF), and the regulatory expectations of global financial organizations to which Vietnam is a member.
The system empowers VietABank to:
Manage end-to-end AML/CFT/WMDP-related operational workflows across business units, head office departments, and the internal AML division, ensuring consistency and accountability throughout the process.
Ensure full regulatory compliance with AML, CTF, and WMDP (Weapons of Mass Destruction Proliferation) requirements as stipulated by Vietnamese legislation, FATF guidelines, and legal frameworks of affiliated international institutions.
Perform real-time screening and monitoring, including customer information collection and continuous updates against watchlists related to AML, CTF, and WMDP. The system also facilitates real-time screening of cross-border transactions and post-transaction monitoring to detect and report suspicious activities, in accordance with the regulations of the State Bank of Vietnam (SBV).
Easily integrate with other banking systems, thanks to its standardized integration architecture and API-ready design.
Reinforce the bank’s Three Lines of Defense risk management model, enhancing oversight from departmental to enterprise-wide levels, while also improving internal coordination and the quality of compliance reporting.
TNTech – A Trusted Technology Partner for the Financial and Banking Sector
The successful collaboration with VietABank once again affirms TNTech’s technological capabilities in meeting the stringent legal and technical standards of the financial and banking industry.
With a strategic focus on accompanying financial institutions in their digital transformation journey, TNTech continues to establish itself as a trusted technology partner in the era of transparent finance and sustainable development.