Vietnam-based An Binh Commercial Joint Stock Bank ( ABBank ) has teamed up with Amsterdam-headquartered fintech Backbase to launch ABBank Business, the lender’s business digital banking platform, designed to enhance banking services for its business-owner customers.

With the launch, the bank will now be able to provide business owners with “enterprise-grade technology and digital banking capabilities” through the fintech’s Engagement Banking Platform, a composable or modular platform that empowers banks to accelerate their digital transformation by allowing them to customize and compose an application based on their needs.

The fintech, whose Asia-Pacific headquarters is in Singapore, helped the bank successfully migrate 100% of its business banking clients to the new platform in just three months. At present, 88% of the most active platform users, the fintech notes, now use the app as their primary banking channel.

In addition to the application’s dashboard that provides users with an easy overview of their assets, recent transaction information and interest rate updates, the platform also allows users to customize account numbers, do quick bill payments for utilities, as well as initiate international money transfers.

Pham Duy Hieu, the bank’s CEO credits the fintech’s robust architecture platform for allowing it to provide a “seamless, secure platform for business growth and financial management” for its clients.

The bank’s digital transformation, adds Riddhi Dutta, the fintech’s regional vice-president for Asia, is driven by its collaborative development approach and adaptability. “By adopting an anchor platform and establishing a Center of Excellence with in-house expertise, ABBank has laid the groundwork for successful, sustained digital transformation.”