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Banking industry needs to embrace technology trends and build sustainable development strategies
Smart Banking Conference - Exhibition 2024 with the theme: "Shaping the digital future for the Banking industry: Safe and sustainable operating strategy" organized by the Vietnam Banks Association in collaboration with IEC Group on October 29, 2024, under the auspices of the State Bank of Vietnam.
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AI application in preventing money laundering and financial crimes
On June 11, 2024, in Hanoi, the Vietnam Banks Association (VNBA) in collaboration with LUCID Groupe Pte.Ltd (LUCID) and Symphony AI Group organized a workshop themed "Application of artificial intelligence (AI) in preventing and combating financial crimes", to update and share the latest trends and technology solutions in preventing and combating money laundering, fraud and financial crimes.
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GenAI’s impact on the financial sector
Vietnam’s financial sector has shown remarkable growth, accompanied by a rising demand for digital services. Managing director and partner Il-Dong Kwon and project leader Luan Nguyen of Boston Consulting Group explain that a comprehensive strategy is imperative in order to bolster competitiveness.
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Military Bank bolsters app security with facial recognition for safer transactions
Fraud and asset misappropriation are becoming increasingly sophisticated, so Military Bank (MB) has upgraded its online transaction security with facial recognition authentication.
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Future of digital banking hinges on data security: experts
Data security and privacy play a pivotal role in the digital transformation of the finance and banking sector, according to experts.
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Banks spend some $662mln on digitization
Daily transactions now reach 8 million, with a cash value of some $38 billion, as banks pay greater focus to digital transformation.
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Vietcombank brings Apple Pay to customers
A safer, more secure and private way to pay with iPhone, Apple Watch, iPad and Mac
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Vietnam’s Banking Execs Call for Open Banking Framework
In Vietnam, although financial institutions have realised the potential of open banking to enable more inclusive and accessible financial services, a patchy legal framework is hampering their efforts to join the data revolution.
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Fintech a promising industry in Việt Nam: insiders
The market is expected to reach US$18 billion by 2024 with a high level of competition.
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Digital payment systems have massive growth potential: Fintech Club Viet Nam leader
Nguyễn Đăng Hùng, head of the Fintech Club Việt Nam under the Viet Nam Banks Association, speaks to the Vietnam News Agency about this development.
