COUNTRY FOCUS : VIETNAM
Timo , one of Vietnam ’ s leading digital banks , has built and launched its cloud-native core banking platform on AWS in just six months helping it to scale its business and acquire 5 million new customers over the next three years .
Vietnam ’ s Timo bank builds to promote financial inclusio
Cityscape of Ho Chi Minh City during the night
Amazon Web Services ( AWS ), an Amazon . com company , has announced that Timo , one of Vietnam ’ s leading digital banks , has built and launched its cloud-native core banking platform on AWS in just six months .
The cloud banking platform will help Timo scale its business and acquire 5 million new customers over the next three years . Using the depth and breadth of AWS capabilities , including compute , data analytics and Machine Learning , Timo is helping customers enjoy healthy financial lives with easily accessible digital banking services like payments and savings solutions .
Timo is helping its customers in Vietnam use their mobile devices to make over 2 million monthly financial transactions , including transferring , managing and saving money . With AWS , Timo can offer personalized financial services to customers while meeting their individual financial needs in a secure and compliant manner .
Timo set out to drive economic empowerment by delivering innovative and personalized mobile banking services to the Vietnamese population , of which 69 % are unbanked . Working with AWS Partner Mambu , Timo built an agile , scalable and secure environment to run its core financial applications in the cloud , including banking , payments and mobile app .
Using Amazon Elastic Compute Cloud ( Amazon EC2 ), a web service that provides secure , resizable compute capacity in the cloud and Amazon Elastic Kubernetes Services ( Amazon EKS ), a managed container
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