Reaching for new heights
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Chapter 4 - The transformation of Tech

IT Division

“The Bank had a paradigm shift in recent years, enabled by outstanding IT capabilities, which in turn has made IT division a destination for top IT students and talent.”

Nguyen Anh Tuan

Chief Information Officer
Nguyen Anh Tuan

Overview

In 2023, the Bank had a paradigm shift away from the idea that attracting and retaining customers means a proportional increase in our workforce. IT Division played a key role in the Bank’s ability to add 2.6 million new customers this year while maintaining a consistent cost-to-income ratio by:

  • Offering the best training possible to IT employees
  • Overseeing the streamlining of operations to make them leaner and more efficient
  • Using data to automate processes wherever possible

2023 Highlights

1. Our people
The Bank has a policy of selecting the best possible IT employees and then keeping them at the top of their fields through ongoing training, obtaining new certification from accredited institutions like Amazon Web Services (AWS) and Pluralsight within their specific domain, and by learning skills in areas outside their area of expertise. Training is expected to cover both hard and soft skills:
  • IT employees spent about 114 hours per user per year across all learning platforms.
  • IT Division ran 14 division-based knowledge sharing sessions.
  • IT Division offered 130 sessions at a functional level on various topics from technical to non-technical skills.
  • Employees can study toward 142 sponsored certificates. Of 51 employees who sat the exams for certificates, 44 passed.
  • Regular market testing ensures our training is in line with international industry benchmarks – few organisations offer skills to this standard.
Future Generation in Technology

Each year the Bank recruits from among the top 5% of college IT graduates from Vietnam’s best universities. This elite cohort is pushed to develop their potential, which includes learning skills from different IT disciplines. For example, a software developer in college may learn infrastructure, cloud and automation, making them a more well-rounded future leader.

The first group of students who started in 2022 and the second from 2023 have really enjoyed learning and working with us. All are actively engaged in strategic initiatives and action plans in roles ranging from Developer, Business Analyst, DevSecOps (DSO) Engineer, Scrum Master and Junior Solution Architect. Their ambition, ability and commitment was recognised by their Matrix Managers with an average Key Performance Indicators (KPI) score of 8.6/10. They are also active in cultural and team-building activities included football, Techcombank’s T-talent contest, and the IT running race, all contributing to a dynamic and inclusive workplace.

Highlighting their technical acumen, a team of three won second prize at the AWS Deep Racer contest, a machine learning software development competition held in partnership with AWS and Techcombank. Our aim is to set up a national competition against other Vietnamese banks, and send the winner to an international competition in the US.

The next batch will grow to 16. All candidates are confirmed to come on board in January 2024. The program has also been expanded from 18 to 24 months.

Ho Chi Minh City (HCMC) Digital Centre

The HCMC Digital Centre grew steadily in 2023 and remains our tech hub. The team participated in IT projects, collaborated remotely, and worked closely with the team in Hanoi to deliver on our commitments.

Skills were being continuously honed via official and on-the-job training with the HCMC Digital Centre recording 22,000 hours of learning for 2023.

We delivered all planned events and activities for our HCMC squad. This includes the same level and quality of content as our northern teams across town halls, year-end parties, Techcombank’s birthday celebrations, and induction training. The events enjoyed 75%+ participation and a 4.6+/5 average satisfaction.

Employee engagement

This year was the first time IT Division had its own internal communication channel – TechNet. It is a place to share information about what is happening in the technology community and within the Bank, so every IT employee is aware of their internal and external working environment.

Employees across IT Division recorded excellent Employee Engagement Score, with 76% for Employee Engagement, 81% for Employee Enablement, and 69% for Employee Effectiveness compared to 72%, 78%, and 61% in 2021 respectively

Other memorable IT Division activities for 2023 included:

  • Nine divisional events (e.g. town halls, year-end parties etc.)
  • 15 functional and management events
  • Fostering corporate culture by introducing ‘Yammer’, email and ‘Sharepoint’.
2. Our processes
  • IT transformation: streamlined our IT processes to offer a seamless transition from business demand to realisation
  • DevSecOps: remains important to our team-based workplace, revolving around automation and security
  • Non-prod Migration: is a key part to improvements in technology and processes. This involves: end-to-end (E2E) infrastructure and application provisioning pipelines on-cloud and on-premises
  • Techcombank's Agile Way of Working – Techcomway: Embedding Techcomway into the IT process drives productivity and collaboration. An agile way of working isn't just about processes; it's a dynamic mindset propelling us forward.
3. Engineering excellence
Engineering excellence is the foundation of our innovation journey. Our best practice environment ranges from robust code architecture to innovative problem solving.
  • Source control: Monitoring our monthly release rates ensures consistent, good quality products
  • Code quality: metric clearly shows IT increaseing the quantity and quality of our work
4. Service excellence
Our goal is to deliver a consistently seamless and stable technology experience, always putting the customer first and ensuring consistent performance that exceeds expectations
  • Incident management and system availability: In 2023, the number of incidents decreased by 68% from 2022, including a 60% reduction in critical incidents and a 75% reduction in lower-impact incidents.
  • IT Support: we continue to improve IT Support.
Metric 2022 actual 2023 YTD
Service Level Agreement 97.51% 98.46%
First Time Right 97.02% 98.51%
Satisfaction Rate 98.41% 99.16%
5. Compliance and information security
  • Anti-Money Laundering (AML) system: IT Division worked diligently to make sure the Bank’s AML system continued to comply with best practice international standards and was fit-for-purpose.
  • IT risk management: We standardised IT risk management procedures in line with bank-wide risk management regulations which includes process, people and technology.
  • IT governance framework: We used 2019’s Control Objective for Information and Related Technologies (COBIT) to establish the IT governance framework. We built or updated seven bank-wide and six division-level documents.
  • Other compliance issues: Progress has been made on government-issued Decrees 13/2023 and 53/2022 on Personal Data Protection and Cybersecurity
  • Information security
6. Commitment to digitalisation
  • Cloud adoption: In 2023, we reached a significant milestone by migrating 31.1% of our workload to the cloud, ensuring an exceptional availability rate of 99.9%.
  • Techcombank Mobile and Techcombank Business Application: Techcombank’s retail and business apps are now among the highest rated mobile banking apps in Vietnam on the Google and Apple App stores
  • Customer Relationship Management (CRM) system: To-date Techcombank is the only Vietnam bank that has implemented cloud-based Customer Relationship Management (CRM) with over 6,200 staff using it to benefit customers.
  • Adobe Digital marketing platform: We adopted the Adobe’s Martech stack to enable personalisation and messaging optimisation (i.e. right message, right time, right channel) for continuous improvement in relevance and customer value deepening for both new and existing customers.

The focus of IT for 2024

In 2024, IT continues to focus on our three important pillars
  • Engineering excellence
  • Process excellence
  • People excellence.