PRESS RELEASE

HCMC, 2nd October 2019
Timo Digital Bank receives the “Best Digital Bank in Vietnam 2019” award.

Second from left to right:

Mr. Andy Ho (Board of Directors of Timo), Mrs. Nga Lam (Chief Financial Officer – Timo) and Mr. Giang Pham Long (Head of Digital Banking Services – VP Bank) received the award from  Asiamoney representatives. 

September 25, 2019 – At the Asiamoney Awards ceremony on 25th September 2019 in Singapore, Timo won the “Best Digital Bank in Vietnam 2019” award amongst an audience of its peers.
The Award is given annually by Asiamoney, a subsidiary of the prestigious Euromoney financial magazine that is a trusted source of banking and capital markets news amongst the financial sector. Asiamoney has been an authoritative voice for the banking and financial industry in Asia for almost three decades, with the Asiamoney Awards acknowledging pioneers across categories of finance, investment, SMEs support activities and CSR activities.
When asked how winning this award made him feel, Mr. Don Lam, Chairman of Timo said:

“I am proud to see Timo realize our initial vision and change the face of banking in Vietnam. As a market leader in the Fintech space, we will continue to push innovative solutions and create progressive and intelligent customer experiences across our platform”.

For Cameron Warden, CEO of Timo, this award is a testament to the last few years of hard work and determination. He says:

“It’s fantastic to see that our strategy of innovating on customer experience through technology is paying off. We’re excited to be a true catalyst for change in the banking sector in Vietnam”.  

The “Asiamoney Best Bank Awards” were created to identify which banks in each market across Asia have excelled across a range of core banking activities over the past year. The 2019 award ceremony honored participating banks across categories like Best Domestic Bank, Best Bank for SMEs, Best Corporate & Investment Bank, Best International Bank, Best Digital Bank and Best Bank for CSR. 
Asiamoney’s award decisions are made by a team of senior journalists, chaired by Euromoney’s editor, after receiving detailed submissions from market participants and in conjunction with research into the banking and capital markets by their editorial committee. Their senior editors also visited each country or territory to meet leading bankers and gather client and competitor feedback. 
For Timo, this is a prestigious award in the field of banking, evaluated by a team of highly qualified Asiamoney award advisors and senior journalists via surveys and interviews conducted with random participants to receive their responses and sentiment toward a brand. 
Enthusiasm for Timo in Vietnam has been growing, just like it’s customer base which is a little over 250,000 in 4 short years since opening its doors in 4 locations – Ho Chi Minh City, Hanoi, Da Nang and Can Tho. The hybrid “Hangout” coffee shop concept resonates well with Timo’s younger target demographic, who love the fact that they can open a bank account on their phone while sitting in a coffee shop.

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For more information, please contact:
Ms. Manisha Philip
Marketing Director – Timo Digital Bank sponsored by VPBank
Mobile phone: +(84) 931493154 | Email: manisha@timo.vn
Head office: 194 D – E Pasteur Street, Ward 6, District 3, HCMC, Vietnam.
Phone number: 1800 6788. 
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SECONDARY PRESS RELEASE

Timo Digital Bank powered by VP Bank was founded with 3 core goals:

• Providing a smart financial management platform with user-oriented experiences that support them with more convenient banking operations;
• Supporting users to take advantage by enjoying life and managing finances and time on their own terms;
• Transitioning from traditional banking experience to digital banking.

In 2015, the first version of the Timo Digital Bank application was introduced to customers with an eye-catching, friendly and easy-to-use interface. Soon after, the Timo team has added a variety of new functions and features but still retain the strengths of the Timo application. Currently, users of the Timo Digital Bank app, besides transactions – remittance related actions, can also make investments, buy insurance directly in-app and even buy flight tickets.

• To know more about the award, read the article here.
• And for more details about Timo, please visit the website: https://timo.vn/ and other official media channels including LinkedIn and Facebook.