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Vietnam's TPBank to buy loan origination, debt collection systems

Tien PhongCommercial Joint Stock Bank, or TPBank, agreed to buy the loanorigination and debt collection systems of Fintek Co. Ltd. and Diasoft SystemsLtd., Viet Nam News reported June 30.

The purchase is expected to help the bank streamline itscredit operations, according to Pham Dong Anh, the bank's deputy generaldirector.

The system is expected to be installed in all the bank'sbranches by March 2017.