FPT Information System (FPT-IS) has won a US$500,000 contract to provide banking software to Banque Pour Le Commerce Exterieur (BCEL).
The deal is the largest supply contract to a foreign financial institute that the FPT-IS has ever signed, and includes rights to Smartbank, E-banking and ATM software for BCEL’s head office and branches.
"The contract represents the rapid development of FPT and the local software industry in the region and world," said FPT-IS deputy director Nguyen Dung Trieu.
FPT-IS is a subsidiary of market leader Corporation for Financing and Promoting Technology, or simply FPT.
According to Trieu, Smartbank will help BCEL, Laos’s biggest commercial bank, quickly and accurately check customer information and execute transactions, while E-banking provides web based services.
Smartbank software has already been deployed in a number of domestic and foreign banks such as the LaoViet Bank, Cambodia Public Bank and VID-Public Bank.
According to the Viet Nam Software Association, FPT-IS is one of the largest providers of system platform integration and other software solutions in the region.
In 2006, FPT reported $517 million in revenue, up 70% over five years ago.
Source: VNS
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