MB chooses FPT IS to deploy FinnOne Neo Debt Collections software

On the afternoon of August 11, FPT Information System Corporation (FPT IS) and Military Commercial Joint Stock Bank (MB) have jointly held a ceremony to launch a project to deploy FinnOne Neo Debt Collections software. The project aims to promote the digitalization of debt collection activities to help MB realize its goal to become a leading company in the financial market in the coming future.

Accordingly, the FinnOne Neo Debt Collections project is expected to help MB reduce the rate of overdue and uncollectible debts, optimize costs of debt collections, determine strategies to meet the needs of the market in the fastest way, handle debt collection issues on a single system, as well as ensure synchronization and consistency, thereby improving the degree of automation in MB’s debt collection system as well as promoting proactiveness in settling overdue debts.

FinnOne Neo Debt Collections project consists of 3 components and will be implemented in 4 phases.

Ms. Pham Thi Trung Ha – Deputy General Director cum Head of Risk Management Division, MB – says: “Debt collection is one of MB’s difficulties. After working with many partners, we have decided to choose FPT IS together with Nucleus to transform the bad debt management process. We highly appreciate and completely agree with the proposal and plan given by FPT IS and Nucleus. MB is committed to allocating adequate IT resources for the project to make sure that the project completes successfully”.