Hi Sun Fintech Global Limited (Hi Sun), a global leading technology solutions provider, is pleased to announce the signing of a landmark contract with Phongsavanh Bank Ltd (PSVB), the first private commercial bank in Laos. The agreement marks the commencement of a compressive deployment of state-of-the-art Core Banking System (CBS), marking a pivotal step in PSVB’s journey to modernize operations and accelerate its digital transformation. Following a highly competitive Request for Proposal (RFP) process, this project represents HSG’s fifth banking implementation in Laos since 2020 and represents a significant step forward in the country’s financial services evolution.
This comprehensive solution will serve as the unified digital backbone for PSVB, integrating PSVB’s core financial processes into a single, scalable platform. The new system is engineered to enhance operational efficiency, streamline customer service, and provide a scalable foundation for future business growth. By leveraging advanced technological architecture, the platform will enable PSVB to offer innovative products and services with greater agility, ensuring a superior banking experience for its retail and corporate clients.
“We are honored to partner with PSVB on this pivotal journey,” said Mr.Terry, CEO of Hi Sun. “This contract signifies more than a technology upgrade; it is a commitment to empowering PSVB with the tools necessary to thrive in an increasingly digital economy. We are confident that our solution will significantly contribute to PSVB’s strategic goals and reinforce its position as a forward-thinking leader in the Lao financial industry.”
PSVB expressed confidence in Hi Sun’s experience in delivering banking technology solutions and believes the collaboration will support the bank’s continued development and competitiveness in the Lao financial sector.
As PSVB approaches its twentieth anniversary, this partnership with HSG will empower the bank to deliver next-generation customer experiences, drive financial inclusion through innovative channels, and solidify its position at the forefront of Lao’s digital economy. The project will also fundamentally deliver a modernized infrastructure for PSVB, empowering its branches, partners and agents with cutting-edge tools to enhance customer service across the network.
