Vemanti Group Closes Deal with PVcomBank to Launch First SME-Focused Digital Banking Platform in Vietnam

IRVINE, Calif., March 21, 2022 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (“Vemanti” “Vemanti Group” or the “Company”) (OTC-BB:VMNT) today announced it has entered into an official 10-year agreement with Vietnam Public Joint-stock Commercial Bank (“PVcomBank” or the “Bank”) to launch one of the first Small-to-Medium Enterprise (SME) digital banking (aka neobanking) solutions in Vietnam. This agreement signals a major collaborative step forward for the two parties, which signed a Letter of Intent (LOI) earlier this year. Leveraging PVcomBank’s dominant incumbent position, Vemanti plans to utilize cloud computing, API, automated KYC/AML, Artificial Intelligence, Machine Learning, and blockchain technologies to power its new digital-first platform.