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ACLEDA Bank Lao Ltd.

 »  Media  »  Our News  »  ACLEDA Bank Lao has Invested over US$7.2 Million for Strategic Digital Bank

ACLEDA Bank Lao has Invested over US$7.2 Million for Strategic Digital Bank

September 10, 2018

ACEDA Bank Lao Ltd. 'ABL', the bank you can trust, the bank for the people, is speeding up to be a strategic Digital Bank with subsequent investment in IT technology over US$ 7.23 million by August 2018. With its rich functionality and real time core banking system, the Bank is upgrading the system to Oracle Database of over US$ 2.64 million projects for sustainability and on time support targeting the growth together with customers.

In addition and as experience of mobile banking nearly 10 years of its parent company in FinTech mobile phone banking service, 'ACLEDA Unity ThanChai' is available for all customers and the public. The customers can register to use ACLEDA Unity ThanChai by a form of self-registration or registering at any branch or office of ACLEDA Bank Lao Ltd. since May 2018 after getting approval from the Bank of the Lao PDR.

Managing Director and CEO of ACLEDA Bank Lao Ltd., Dr. Hay Svay, said we started the investment in Information Technology nearly US$ 1 million in 2008 and yearly average about US$ 800,000 until now. The upgrade of the core banking and the availability of the mobile App 'ACLEDA Unity ThanChai'is another step for ACLEDA Bank Lao for smooth functionality and further development of electronic and digital bank infrastructure deployments and continuously upgrading to meet its strategic goals. He added "We keep investing for more sustainability and long term with the latest banking technology for customers at all levels in the Lao PDR and the region."

Mr. Phonesavan Rasabandith, Head of IT Department, raised that currently ACLEDA bank Lao Ltd. is mobilizing on customer self-service through its FinTech products and always enhances the existing system security of the Bank with the top solutions in worldwide to gain more secure for preventing the customers' information to be safe and confident on using our Bank's services with up-to-date technologies, fast service, real time and reliable.

Regionally, ACLEDA Group has ACLEDA Bank Plc., as parent company, and five subsidiaries which are ACLEDA Bank Lao Ltd., ACLEDA Securities Plc., ACLEDA Properties Ltd., ACLEDA Institute of Business, and ACLEDA MFI Myanmar Co., Ltd. as well as representative office in the Republic of the Union of Myanmar. The ACLEDA Group has the total assets nearly US$ 6 Billion and operates in 310 branches-offices and 508 ATMs and also has over 2.6 million customers using its products and services. Thanks to the latest technology, the FinTech product, 'ACLEDA Unity ThanChai (in Lao)' enables ACLEDA Bank Lao to reach more active customers in all segments of the community to undertake banking transactions any day, anytime, anywhere.

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