(VOVworld) - Six Vietnamese commercial banks are attending the Swift International Banking Operations Seminar (Sibos) 2015 which opened in Singapore on Monday.

The booth of Vietnamese banks in Sibos 2015's exhibition. (Photo: VNA)

Nguyen Thi Huong from the State Bank of Vietnam said it is a great opportunity for Vietnamese banks to discover new banking products and services, and promising new partners.

According to the Society for Worldwide Interbank Financial Telecommunication Vietnam (VIETSWIFT), Vietnam ranked 58th out of 210 SWIFT users worldwide, and saw its traffic grow 14% last year to about 10 million messages sent and received.  

During the 4-day seminar, participants will focus on financial market infrastructure, cloud computing, network security, and the application of ISO 20022, a new standard for electronic data exchange between financial institutions.

As part of the event, an exhibition will be held gathering 200 financial institutions, application and middleware vendors, system integrators, consultants and central clearing systems from around the world.