Nam A Bank Launches Open Banking 3.0 Powered by Oracle FLEXCUBE 14.8

In July 2026, Nam A Bank operates the new Core Banking system and launches Open Banking 3.0. This Open Banking 3.0 digital banking application brings superior experiences to customers by accelerating infrastructure modernization and comprehensive digital transformation, including the official operation of Oracle FLEXCUBE Core Banking System 14.8, and the launch of Open Banking 3.0.

Experience Banking at Your Fingertips with Nam a Bank

Nam A Bank has officially launched its new Core Banking system and Open Banking 3.0, and this launch positioning it as a leading open banking in Vietnam's financial market. The system features a microservices architecture, leveraging advanced technology from Oracle, which not only allows independent management of components but also enables modifications without disrupting the entire system. Additionally, during peak transaction volumes, real-time data processing ensures smooth operations.

The Oracle FLEXCUBE 14.8 system incorporates AI and machine learning for personalized financial solutions and fraud detection. Despite severe limitations in data conversion and integration, the modification was completed ahead of schedule through collaboration with Oracle Consulting and SVTECH.

Open Banking 3.0 introduces an innovative design philosophy, Delicate like tea - Modern in every touch. Its user interface features a smart rotating menu that quickly accesses features from Money transfer, Savings, Account, and Loan capital with just one touch, thereby offering easy navigation of financial services and a streamlined digital experience. This enhances connectivity for users, reinforcing efficiency and access, and positioning Nam A Bank for long-term competitiveness in the revolutionizing digital banking landscape.

Impact on the ICT Industry

This launch positively affects the ICT industry by acting as a catalyst for digital transformation, which drives hyper-personalized, secure, and API-driven financial ecosystems. It also accelerates the integration of cross-industry technologies, such as biometric authentication, data tokenization, and AI into a unified, as well as lifestyle-oriented applications.

Driving the ICT Sector to Build a Standardized, Secure Future

API standardization and scalability encourage the ICT industry to develop standardized and secure APIs that enable the bank to seamlessly connect with third-party service providers for e-commerce, ride-hailing, and securities. Additionally, advanced cybersecurity integration fosters the demand for robust ICT solutions, including end-to-end encryption, Soft OTP, and biometric login, to minimize the increased risk of data-sharing and fraud.

The shift to a micro services architecture propels IT modernization as legacy core banking systems are modified to micro services architectures capable of handling large-volume transaction splits, real-time data processing, and smart notifications. Furthermore, the growth of the app economy expands the digital marketplace by opening new avenues for local fintech and IT service providers to partner with traditional banking institutions.

Impact of the Open Banking Systems Market

The global open banking systems market size was calculated at USD 32.60 billion in 2025 and is predicted to increase from USD 38.63 billion in 2026 to approximately USD 176.87 billion by 2035, expanding at a CAGR of 18.40% from 2026 to 2035.

According to the Precedence Research, this launch impacts the open banking systems market by shifting focus from basic compliance to personalized, lifestyle-integrated banking. By combining a new Core Banking system with features to prioritize high-speed and consumer-centric interoperability.

To overcome challenges like API vulnerabilities and legacy system compatibility, by securing payment endpoints, adopting cloud-native architectures for legacy systems, improve trust through transparency, and ensuring compliance through strategic benchmarking. This comprehensive approach addresses security, integration, customer hesitation, and regulatory hurdles simultaneously.

This overall impact results from the ecosystem integration, which blends banking with e-commerce, travel, and stock trading into a single unified app. The improved interoperability leverages modernized API frameworks for recurring transfers’ specific functionality and split transactions. Hyper-personalization also gives customers control over credit features and UI customization.

About Nam A Bank

Nam A Bank is a renowned financial institution in Vietnam. It was founded in 1992 as a Nam A Commercial Joint Stock Bank.  It offers a robust suite of commercial and retail banking products, such as loans, savings, and wealth management, and is renowned for its tech-driven and automated digital banking solutions.

Its significant digital and innovative offerings include ONEBANK, a network of self-service, 24/7 automated kiosks that allow customers to deposit, withdraw, and open savings accounts without entering a traditional branch. Additionally, Open Banking App is a personalized mobile app that includes lifestyle integrations like travel bookings, ride-hailing, and investment tracking. Nam A Bank was one of the first Vietnamese banks to utilize robotic technology at physical branches to assist with transactions.