In recent years, Vietnam has emerged as a highly sought-after destination for IT outsourcing, particularly in the financial services industry. This popularity can be attributed to several key factors, including a talented pool of developers, competitive labour costs, a thriving fintech ecosystem and socio-economic stability. As a result, Vietnam’s fintech sector has experienced remarkable growth, with foreign funding increasing by an impressive 249% in 2022.
To maximize the advantages of IT outsourcing, it’s crucial to carefully evaluating potential tech vendors. You should prioritize those with strong financial domain expertise who understand the intricacies of the industry. It also essential that the vendor complies with relevant regulations and security protocols governing the financial services sector.
In this post, we have carefully curated a selection of the top 5 IT solution providers for the financial industry in Vietnam, each possessing the capabilities to meet the aforementioned requirements. While these providers share certain similarities in their goal of enabling digital transformation through cutting-edge technologies, the true differentiator lies in their ability to align their offerings with your specific strategic objectives.
Top IT Solution Providers for Financial Sector in Vietnam
Let’s get into each provider, what they provide, and how they can benefit enterprises.
KMS Solutions
As part of the KMS Group, KMS Solutions is committed to driving business growth and elevating customer experience through the development of banking and finance transformative solutions.
The company specializes in a wide array of services, including:
- Financial Services Software Development (Dedicated Software Development Team, Digital Apps & Platforms Development services)
- Business Process Optimization (RPA, Cloud Migration)
- Software Testing for Financial Services
- Data Analytics
- Banking and Finance Technology Consulting
- Scaled Agile training
- Financial Services Solutions (BankTech, BNPL & Payment Gateways, Trading Products, eWallet Development and Insurance Management Platforms)
KMS Solutions cultivated a strong emphasis on the financial services sector, leveraging the expertise of over 1,600 IT professionals and drawing upon 14 years of industry experience. This exceptional combination enables KMS Solutions to deliver tailored solutions that address the unique challenges and requirements of financial organizations.
With a global presence spanning offices in Vietnam, the USA, and Australia, KMS Solutions has emerged as a trusted partner for more than 250 global enterprises.
KMS Solutions has had the privilege of collaborating with renowned enterprises such as Axi, MB bank, Paidy, Prudential, and Discovermarket on high-impact projects, ranging from digital lending platforms and MVP banking applications to insurance platforms, cloud migrations, and automation testing initiatives.
The exceptional accomplishment of KMS Solutions have garnered widespread recognition, resulting in numerous prestigious awards that solidify its position as an industry leader:
- Great Place To Work 2023
- ‘Corporate Excellence’ at APEA 2022
- Clutch’s Top 100 Fastest-Growing Company in 2022
- Top 10 Vietnam ICT Companies at VINASA 2021
- Vietnam ICT Excellence at Sao Khue
By consistently surpassing industry standards and achieving remarkable milestones, KMS Solutions has firmly established itself as a powerhouse in the industry, inspiring confidence and trust in its clients and partners.
LTS Group
Founded in 2016, LTS Group is an IT outsourcing service provider with headquartered in Hanoi. Driven to help businesses overcome barriers to achieve growth, the corporation offers a wide range of services, including digital BPO, software testing and development.
In line with their dedication to empowering businesses, LST Group has launched an Enterprise Resource Planning (ERP) solution, powered by cloud computing software. This system provides a fully integrated suite of finance and operations applications, allowing enterprise to efficiently manage their day-to-day processes.
With two subsidiaries in Japan and USA, LTS Group’s has served 60+ customers from various industries, involving banking & finance, automotive, eCommerce, education, construction, and healthcare.
Powergate Software
Powergate Software is another IT solution provider of innovative solutions that helps enterprises make digital transformation happen. At Powergate Software, its utmost priority is to foster and actualize the innovative ideas of clients, culminating in the establishment of a dynamic solution center for the wider community.
With expertise spanning a wide range of industries, including Fintech, healthcare, real estate, eCommerce & retail, education, marketplace, marketing, and social networks, Powergate Software provides a comprehensive suite of services to cater to diverse business needs.
Their services encompass:
- Software Product Development
- Quality Assurance
- Product UI & UX Design
- Data Analytics
- Product Maintenance & Management
DIGI-TEXX
Digi-TEXX specializes in data annotation intelligence, business support, document and data processing. Its offerings also extend to software product, comprising DIGI-Scan, DIGI-Mobile, DIGI-Xtract and DIGI-DMS.
Catering to banking and insurance industries, the company prides itself on delivering exceptional services and pursuing professional growth. Digi-TEXX places customer satisfaction as its top priority, ensuring that every interaction is marked by excellence.
Sotatek JSC
Sotatek JSC is a subsidiary of Sota Holdings. Founded in 2015, Sotatek (State-of-the-art-Technology) is an AI and blockchain development company based in Hanoi – Vietnam. Throughout 6+ years of development, the company now has over 700 IT consultants and developers with representative offices in the US, Japan and Australia. Sotatek serves mid-market and other-sized firms in banking & finance with services like:
- Blockchain & IoT development
- Custom Software
- AI & ML
- Cloud Migration
- CRM Services
- QA & Testing.
Offering full-cycle IT services, its ultimate goal is to help businesses adapt modern technologies and achieve success through digital transformation.
For further information on how our dedicated software development team can empower your organization’s digital finance journey, contact us now.
