Banking executives and representatives from development partners officially launch the core banking platform in Vientiane on Tuesday.

LaoVietBank takes major step forward, spurring growth of digital banking

LaoVietBank has launched a core banking transformation initiative, a move that is expected to strengthen the foundation of Laos’ digital banking ecosystem and modernise the way financial services are delivered nationwide.
The initiative is a deep-seated advancement of Laos’ core banking infrastructure, as financial institutions increasingly shift towards integrated, real-time and customer-centric digital platforms.
The launch ceremony, held in Vientiane on Tuesday, brought together banking executives and technology partners, including the bank’s General Director Nguyen The Thang and Project Director of the Fidelity National Information Services, Elita Lomongo.
Speaking at the event, bank officials said the new system will be a central pillar of LaoVietBank’s broader IT and digital transformation strategy. It is designed to enhance operational efficiency, streamline internal processes, and significantly improve customer service delivery.
Once fully operational, the upgraded core banking platform will enable real-time transaction processing across multiple channels and currencies, while supporting centralised data management and long-term scalability.
These capabilities are expected to position the bank to better respond to evolving market demands and growing digital adoption in Laos.
To get the system up and running, LaoVietBank partnered with Fidelity National Information Services (FIS), a global fintech firm serving more than 14,000 clients across over 100 countries. The collaboration also involves support from the Bank for Investment and Development of Vietnam (BIDV) and the Banque pour le Commerce Exterieur Lao (BCEL).
Bank executives expressed confidence that the new addition to its services will not only enhance LaoVietBank’s competitiveness but also contribute to the broader development of Laos’ finance sector, as the country continues on its path towards a more digitally driven economy.

By Times Reporters
 (Latest Update May 6, 2026)