MB Bank achieves 30% cut in operating costs, says Software AG

Software AG announced that its webMethods solutions have helped Vietnam-based MB Bank to combine all systems and data sources to deliver a comprehensive view of its business functions while integrating existing and new technologies.
Software AG headquarterMB Bank, which has 15,000 employees and 4 million clients across Vietnam, Cambodia, Laos and Russia, has achieved 40 percent improvement in work efficiency by optimised processes and 30 percent reduction in overall operating costs, says Software AG, a leading enterprise software company based in Germany.

While the bank initially invested in webMethods Business Process Management Suite (BPMS) to help tie together its many disparate systems seven years ago, MB Bank recently decided to go with webMethods CentraSite for API management and SOA as well.

CentraSite has since enabled the bank to create a central, platform-independent application for defining, storing and describing assets. MB Bank can now reuse data in all its branches and subsidiaries, saving many hours of manual labor. MB Bank processes around 30,000 tasks per day for around 3,000 users through webMethods.

“In order to grow alongside market demand, we needed to ensure that tasks are completed swiftly and smoothly. We decided to bet on Software AG’s webMethods to gain end-to-end control and visibility of our processes, and better align our business with IT,” said Hoc Nguyen Xuan, CIO of MB Bank.

Anneliese Schulz, regional president for Asia Pacific & Japan, Software AG, said: “We hope to empowering financial services institutions such as MB Bank as they focus on optimising processes and bolstering speed in the new era of banking.”

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