KPMG partners with Alpaca Vietnam on Basel III solutions

KPMG and Alpaca Vietnam formed a strategic alliance to deliver Basel III solutions as Vietnam's banking sector entered a new regulatory phase under Circular No. 14/2025/TT-NHNN; the partners said the collaboration would help banks meet regulatory requirements, strengthen risk governance and maintain transformation roadmaps.

Circular No. 14/2025/TT-NHNN established Basel III as a compliance requirement, introduced a unified supervisory framework and raised standards for capital adequacy, risk measurement and regulatory reporting. The circular took effect on 15 September 2025 and set a phased transition period before a full move to the new regime on 1 January 2030.

KPMG translated regulatory requirements and Basel III standards into risk governance models aligned with supervisory expectations, and Alpaca operationalised those requirements through technology solutions already deployed in practice. The technology supported capital adequacy calculation, risk-weighted asset management, stress testing and regulatory reporting, and the parties described an integrated delivery approach from advisory and design to implementation and ongoing operation.

On 6 January 2026 KPMG Tax and Advisory Limited and Alpaca Vietnam Company Limited signed a memorandum of understanding to pursue a strategic partnership focused on deployment and commercialisation of Basel III-compliant technology platforms for Vietnam's banking sector. The PR noted Alpaca had developed products for regulatory compliance, risk management and management reporting and had joined TPIsoftware Corporation in January 2025, incorporating Artificial Intelligence (AI) technologies and delivery resources.

The PR stated that during the transition period through 31 December 2029 banks could continue under the existing regime or register to apply the Standardised Approach under Circular 14 while preparing for the Internal Ratings-Based approach subject to State Bank of Vietnam approval, and that from 1 January 2030 Circular 14 would serve as the unified regulatory basis for capital adequacy calculation.