On October 7, 2021, VBMA in collaboration with FIS and AWS organized the webinar: Cloud Treasury.

The Covid pandemic is accelerating the way people interact with financial services, and cloud solutions are becoming one of the options to help adapt to a changing environment and optimize business process.

Cloud technology is the sharing of on-demand IT resources over the Internet with a pay-as-you-go policy. Instead of buying, owning, and maintaining servers and data centers, you can access technological services, like compute power, storage, and databases from cloud service vendors.

Digitization is an inevitable trend for the management of Treasury and one of the advantages of using the function of a cloud-based system is the ability to handle large amounts of the Treasury’s transactions as well as support business operations and liquidity management of financial institutions.

However, there are still doubts about the real benefits of cloud application compared to the costs incurred, interrupted work during internal server relocation, safety and data security as well as regulatory issues for deployment and compliance.

Because the movements and changes of the function and operation of the Treasury are constant, innovation is very important and is an inevitable trend of the development process.

The webinar was organized by VBMA with the desire to update and share knowledge with members about the trend and practical application of cloud technology to the operations of Treasury worldwide and regionally, the benefits and issues that need attention in the process of applying this technology into practice. The main topics of the webinar shared by experts are as follows:

1. Digitizing your Treasury business with AWS – Mr. Luu Danh Anh Vu – Senior Partner Development Manager – Amazon Web Services Vietnam

2. Regulatory Implications within Vietnam - Client Data & Compliance – Ms. Ha Nguyen – Head of Public Policy - Amazon Web Services Vietnam

3. Key Market Trends globally/APAC region – Mr. Yash Titus – FIS Capital Markets U.S

4. What is Treasury + Cloud and why its pivotal to move onto Cloud – Mr. Filippo Carone – FIS Capital Markets Italy

In the current Vietnamese market, the application of cloud technology with the Treasury Department of financial institutions is being considered and researched by financial institutions such as Techcombank. VBMA will continue to collaborate with service providers to organize seminars to update and share trends in financial technology application in the coming time for members.