Media OutReach
Techcombank: “Change Banking, Change Lives”— A Case Study and Blueprint for Platform-Led Growth

Modernizing banking with the Backbase Engagement Banking Platform
HANOI, VIETNAM – Media OutReach Newswire – 19 December 2024 – Backbase, the creator of the Engagement Banking Platform has released an in-depth video case study showcasing Techcombank (TCB), Vietnam’s second-largest private bank and fifth largest by asset size, and its transformation of both retail and business banking. Using Backbase’s Engagement Banking Platform, Techcombank has redefined banking by delivering personalized, humanized experiences at scale while achieving rapid growth and operational efficiency.
Key highlights include:
- Overall Impact: Achieved consistent double-digit growth year-on-year, scaling operations to support millions of customers without increasing headcount, and driving significant efficiencies.
- Retail Banking: Acquired over 2 million new customers digitally in 2023, with digital banking channels contributing more than 50% of total savings and investments. The app has maintained a 4.8-star rating with over 200,000 customer reviews, showcasing customer satisfaction and adoption. Weekly feature releases highlight the unparalleled speed of innovation.
- Business Banking: Delivered an award-winning corporate banking platform, rated 4.9 stars, enabling 90% of payment transactions via mobile and reducing account opening times to just 30 minutes.
Behind the Transformation
Techcombank’s leadership emphasized the importance of selecting a platform that enables creativity and adaptability to meet constantly evolving customer needs. Backbase’s Engagement Banking Platform offered the dual advantages of scalability and freedom—freedom to integrate with existing systems, build differentiated journeys, and test innovations without being constrained by legacy limitations.
Leadership and Vision
Under the guidance of Pranav Seth, Chief Digital Officer, and Mukesh Pilania, EVP and Head of Digital Banking, Techcombank focused on delivering experiences tailored to Vietnam’s diverse customer base. Pranav shared, “We never wanted to pick a product that would limit us in terms of the creativity in meeting evolving customer needs. As much as possible, we leverage out-of-the-box capabilities we can get from the platform but every time there’s a difference needed, we have built our technical capabilities and collaboration with Backbase for our team to modify the platform to achieve exactly what we envision.”
Strategic Importance for the Banking Sector
Techcombank’s transformation sets a benchmark for modernization in retail and business banking, demonstrating how customer-centric strategies can drive both engagement, preference, and growth. For banks across Asia, this journey offers a blueprint for achieving sustainable success in a rapidly evolving industry.
Watch Techcombank’s success story video here.
Hashtag: #Backbase, #digitalbanking, #engagementbanking, #retailbanking, #omnichannelbanking, #businessbanking, #corporatebanking, #smebanking
https://www.backbase.comhttps://www.linkedin.com/company/backbase/
The issuer is solely responsible for the content of this announcement.
Backbase
Backbase is on a mission to re-architect banking around the customer.
Backbase created the Backbase Engagement Banking Platform – a unified platform with the customer at the center, empowering banks to accelerate their digital transformation. From customer onboarding to servicing, loyalty, and loan origination, our single platform — open and frictionless, with ready-to-go apps — improves every aspect of the customer experience. Built from the ground up with the customer at the heart, our Engagement Banking Platform easily plugs into existing core banking systems and comes pre-integrated with the latest fintechs so financial institutions can innovate at scale.
Industry analysts Gartner, Omdia, and IDC continuously recognize Backbase’s category leadership position. Over 120 financial institutions around the world have embraced the Backbase Engagement Banking Platform. In APAC, the customers we serve include ABBANK, BDO Unibank, Bank of the Philippine Islands, China Bank, EastWest Bank, HDFC Bank, JudoBank, OCB, Techcombank, and TPBank.
Backbase is a privately funded fintech company, founded in 2003 in Amsterdam (Global HQ), with regional offices in Singapore (APAC HQ), Atlanta (Americas HQ), and operations in Australia, India, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Latin America, and the UK.
Techcombank
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is one of the largest joint stock banks in Vietnam, and a leading bank in Asia, with a vision to Change Banking, Change Lives. The Bank pursues a proven customer-centric strategy in providing a broad range of retail and corporate banking solutions and services to help financially empower its customers. Techcombank has 13.4 million retail and corporate customers, which it serves through a market-leading digital banking platform and mobile app, and an extensive network of transaction service outlets at locations across Vietnam. The Bank’s ecosystem approach, co-created through partnerships in multiple key economic sectors, adds further scale and differentiation in one of the fastest growing markets in the world. Techcombank is rated A+ by FiinRatings, Ba3 by Moody’s and BB- by S&P, which is the highest among Vietnam joint stock commercial banks.
Media OutReach
Dorsett Wanchai and Dorsett Mongkok Promise a Fantastic Summer Vacation for Families

Enjoy up to 35% off for family rooms with complimentary breakfast and delightful amenities for the little ones
HONG KONG SAR – Media OutReach Newswire – 8 May 2025 – As summer approaches, the award-winning Dorsett Wanchai, Hong Kong, and Dorsett Mongkok, Hong Kong under Dorsett Hospitality International, are thrilled to introduce the Family Stay & Play experience for family travelers. With the Fantastic 4 Family package, guests can enjoy up to 35% off family rooms, complimentary breakfast for the entire family, and a wide range of thoughtful and delightful amenities for the little ones.
A Beyond Thoughtful Family Stay & Play Experience
From the moment guests step into the hotel, they are welcomed by a complimentary candy bar (available daily from 6-7 pm). Upon check-in, children receive a surprise “Little Foodies” snack box and the hotel’s signature Jasper teddy, providing adorable companionship throughout their stay in Hong Kong.
Inside the rooms, families will find a range of kids’ amenities, including kid-size slippers and branded shower products. For families traveling with babies, the hotels offer complimentary rentals of baby cots, feeding amenities, and bathing and hygiene essentials, ensuring a hassle-free stay. To keep kids entertained, Teddy Jasper’s Adventure Kit, complete with board games and a music night light, is also available.
At Dorsett Wanchai, children will be delighted with an in-room piñata surprise (for selected bookings) and the Star Wars pinball machine in the hotel lobby.
Enjoy up to 35% off stays in our spacious family rooms, including Triple Rooms, Family Quad Rooms, and Interconnecting Rooms with our Fantastic 4 Family package. Additional benefits include:
- Complimentary daily breakfast for the whole family
- Flexible check-in/out times and a full 26-hour stay (exclusive to official website bookings)^
- Branded bath amenities and personalized slippers for kids
- Welcome gifts such as the “Little Foodies” Snack Box, Jasper Teddy and in-room surprise sweet treats
- Free Baby Gear Rentals, including baby dining essentials, bathing and hygiene amenities, and Jasper’s Adventure Kit for a fun stay experience
BOOK NOW to take advantage of these fantastic offers and enjoy a truly memorable stay! For more information and reservation, please visit:
^Not applicable to Family Quad Room bookings at Dorsett Mongkok. Above offers are available from now until December 31, 2025. Please refer to the hotel website for details.
Hashtag: #DorsettWanchai #DorsettMongkok
The issuer is solely responsible for the content of this announcement.
Media OutReach
Vessira Announces Global Debut at Dubai INDEX 2025: Italian-Asian Luxury Furniture Brand Targets Southeast Asian Growth

Positioning itself at the intersection of global luxury and cultural craftsmanship, Vessira offers collections that unite the precision of Italian materials—including Carrara marble, walnut, and brass—with a design language inspired by Asian minimalism and warmth. The result: timeless, curated furniture that elevates space through elegance, subtlety, and intention.
Design Without Borders Vessira’s entry into the Middle Eastern market is a critical milestone in its global strategy. “Dubai is the gateway,” says a company spokesperson. “It connects East and West, and reflects the kind of cross-cultural fluency Vessira stands for.” Following its showcase at INDEX, the brand plans to build regional partnerships in hospitality, luxury residential, and boutique design, supported by future showrooms and curated project collaborations.
With operations based in Shanghai, Vessira draws on its strategic location to work closely with Asia’s design capitals, while maintaining its commitment to quality through longstanding relationships with Italian ateliers and global artisans.
Crafted for a New Era of Luxury Vessira isn’t just a brand—it’s a philosophy of modern living. Each piece is created with enduring value in mind: sustainable, ethically sourced, and crafted to age gracefully over time. The brand avoids short-term trends, opting instead for designs that reflect calm sophistication and architectural depth.
Its signature aesthetic embraces soft silhouettes, creamy marbles, earthy tones, and artisanal joinery, curated for clients who seek more than decoration—they seek identity and emotion in every detail.
Legacy Reimagined Founded by Fransisca Lim, a Chinese-Indonesian entrepreneur with family roots in luxury property and hospitality development across Shanghai and Jakarta, Vessira channels a legacy of refined living into tangible form. While Lim’s name is not the focus of the brand, her vision—shaped by both heritage and a global perspective—continues to guide its direction.
Looking Ahead Following its debut in Dubai, Vessira will continue expanding into markets with a strong appetite for design-led luxury, including Thailand, Indonesia, and Malaysia. Long-term plans include establishing regional showrooms and flagship experiences that bring the brand’s cross-cultural ethos to life.
Hashtag: #vessira #vessiradubai #vessirainternational #luxuryliving #homeliving #italianfurniture #indexexhibitiondubai #indexexhibition2025
https://vessiradesignsbyitalia.mystrikingly.com
https://www.instagram.com/vessiradubai/
The issuer is solely responsible for the content of this announcement.
About Vessira
Vessira is a Shanghai-based luxury furniture brand that fuses Italian materials with Asian design sensibilities. Focused on sustainable craftsmanship and global storytelling, the brand serves high-end residential and hospitality markets with a vision rooted in heritage and shaped for the future of living.
Media OutReach
‘Buy gold, ask questions later’. Octa broker comments on Trump’s first 100 days in office

Donald Trump assumed office on 20 January 2025, and market volatility has been rising ever since. Some of Trump’s initiatives, particularly his aggressive trade policies, have sent shockwaves through equities, currencies, and commodities, leaving retail forex traders scrambling to adjust. Meanwhile, larger investors struggled to adapt to the rapid pace of proposed reforms and their far-reaching consequences. Overall, the first 100 days of President Trump saw heightened risk aversion and widespread uncertainty, which resulted in sharp fluctuations in asset prices and currency exchange rates as traders reacted to every policy announcement, tweet, and speech from President Trump and his new administration. Below is a list of just a few of the notable days that shook the markets.

Major market-moving events
- 20 January. The U.S. Dollar Index (DXY) dropped by more than 1.20% after news surfaced that the new administration will not immediately impose trade tariffs, prompting a rally in the currencies of some U.S. trading partners: notably, the Mexican peso (MXN), the Euro (EUR) and the Canadian dollar (CAD). It should be noted that prior to the sharp decline, the greenback had been rising almost uninterruptedly since September 2024, almost reaching a three-year high ahead of Trump’s inauguration as the market assumed that higher tariffs would spur inflation, prompting the Federal Reserve (Fed) to pursue a more hawkish monetary policy.
- 1–3 February. In the future, historians may label 1 February as the official start of a global trade war. On this day, Donald Trump imposed a 25% tariff on imports from Canada and Mexico, along with an additional 10% tariff on China. The market’s reaction was highly negative. U.S. stock futures slumped in early Asian trading on Monday, 3 February, with Nasdaq futures down 2.35% and S&P 500 futures 1.8% lower. U.S. oil prices jumped more than $2, while gasoline futures jumped more than 3%. Meanwhile, the Canadian dollar and Mexican peso weakened substantially, with USDCAD surging past the 1.47900 mark, a 22-year high, and USDMXN touching a 3-year high as economists warned that both countries were at risk of recession once the tariffs kick in. Later that day, Trump agreed to delay 25% tariffs on Canada and Mexico for a month after both countries agreed to take tougher measures to combat migration.
- 3–5 March. This is when the market began to seriously worry about the health of the global economy and a risk-off sentiment became evident. As fresh 25% tariffs on most imports from Mexico and Canada, along with the 20% tariffs on Chinese goods, were scheduled to take effect on 4 March, investors started to sell-off the greenback and flock into gold (XAUUSD) as well as into alternative safe-haven currencies, such as the Swiss franc (CHF) and the Japanese yen (JPY). In just three trading sessions (from 3–5 March), DXY plunged by more than 3% while the gold price gained more than 2%.
- 6 March. Donald Trump signed an executive order establishing a U.S. cryptocurrency reserve. However, it was unclear how exactly this reserve would work and just how much it would differ from Bitcoin holdings already in place. Many crypto enthusiasts were disappointed, which triggered a five-day downturn in BTCUSD, culminating in Bitcoin briefly dipping below the crucial $80,000 level on 10 March.
- 2 April. The trade war entered the next stage when Trump unveiled his long-promised ‘reciprocal’ tariffs strategy, essentially imposing import duties on more than a hundred countries. The market route began with equity markets losing billions of dollars in valuation. S&P 500 lost more than 11% in just two days, while DXY dropped to a fresh six-month low.
- 9–11 April. Trade war drama continued to unfold. Financial markets were stunned by President Trump’s abrupt reversal on tariffs. Duties on trading partners, which had taken effect less than 24 hours prior, were largely rolled back as the President announced a 90-day freeze on the reciprocal tariffs. However, a 10% blanket tariff was still applied to most nations. In contrast, the trade conflict with China escalated sharply. Following China’s 84% retaliatory tariff on U.S. goods, the U.S. increased tariffs on Chinese imports to 125%. This, combined with existing duties, brought the total U.S. tariff burden on Chinese imports to 145%. Kar Yong Ang, a financial market analyst at Octa broker, comments: ‘I will remember that day for a long time. Traders were stunned by Trump’s sudden U-turn on trade policy and really struggled to make sense of it all. A knee-jerk reaction was to simply buy gold and ask questions later.’
Apart from country-based tariffs, Trump also introduced additional import tariffs on aluminium and steel and ordered a probe into duties on copper imports. Overall, his aggressive trade policies have fueled speculation about the global recession, which explains why gold has been one of the best-performing assets since Trump took office. Kar Yong Ang comments: ‘We are dealing with a rather unusual situation. Even a global depression is not out of the question as tariffs may disrupt supply chains, hurting global output while also contributing to stronger inflationary pressure. This will certainly complicate monetary policy decisions. If I were to describe Trump’s first 100 days in just two words, it would be “run for safety”.’ Indeed, Trump’s recent public criticism of Jerome Powell, the Fed’s Chairman, added more fuel to the fire of nervous investor sentiment.
Overall, the full effect of Trump’s policies is yet to materialise, but the potential impact on global trade and the macroeconomy is substantial. The IMF, citing escalating trade tensions, downgraded its 2025 global growth forecast to 2.8% and warned of potential stock market crashes and a 7% contraction in the world economy should trade wars persist. Although Scott Bessent, the U.S. Treasury Secretary, hinted at de-escalating U.S.-China trade tensions, it is clear that investors should still get used to living in a period of heightened volatility and uncertainty. Kar Yong Ang has this advice for an average retail trader: ‘Focus more on short-term trades with tight stop-losses as opposed to long-term position-trading, cut exposure to U.S. equities, diversify into gold and other safe-haven currencies like Swiss franc and most importantly, keep your mind clear and be ready to quickly switch from one position to another’.
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Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
In Southeast Asia, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.
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