HSG and Laos-China Bank Forge Strategic Partnership for “New Generation Core Banking System Project Portfolio Implementation Program”



On 24 April 2024 in Vientiane, Laos, Hi Sun Fintech Global Limited (HSG) and Laos-China Bank (LCNB) have signed a cooperation agreement for the "New Generation Core Banking System Project Portfolio Implementation Program." The agreement marks a crucial milestone in the collaboration between HSG and LCNB, aimed at driving technological innovation, enhancing operational efficiency, and delivering exceptional customer experiences. Through this partnership, we seek to strengthen the foundation of financial technology, empowering banks to generate value and fostering economic and financial cooperation between China and Laos under the "One Belt, One Road" strategy.

HSG will utilize its expertise in core banking systems and extensive experience in Laos Markets to support LCNB in implementing advanced IT strategic planning. By providing cutting-edge technology solutions, HSG aims to drive substantial improvements in the performance and competitiveness of LCNB’s corporate banking. This initiative involves developing innovative service capabilities across financial operations, products, channels, data management, risk control, marketing, and operations. The partnership will culminate in the establishment of a customized service system adaptable to different scenarios within the banking industry.

The alliance is driven by a shared commitment to comprehensive financial services and an “online, intelligent, and ecological” approach to financial business. HSG and LCNB aspire to enhance trade and economic ties between China and Laos by promoting seamless digital transactions and fostering an ecosystem of intelligent banking solutions.

“We are excited to embark on this strategic partnership with Laos-China Bank,” said Terry Liang, CEO & Chairman at HSG. “Together, we will leverage innovation and technology to revolutionize the local banking landscape, ensuring LCNB remains at the forefront of the industry.”