Overview of the signing ceremony.

The signing of the Service Deployment Agreement between Agribank and the RAR Center contributes to strengthening the relationship between the two parties, while demonstrating Agribank's pioneering and proactive approach in deploying and promoting the application of the National Population Database in banking operations, contributing to the digital transformation of the banking sector in accordance with the policies and directions of the Prime Minister and the State Bank of Vietnam.

Speaking at the ceremony, Major General Nguyen Ngoc Cuong, Director of Department C06, affirmed: The deployment of electronic authentication services through the VNeID platform is not simply a technological solution for electronic authentication and identification, but also opens up great opportunities in exploiting and creating added value from data, laying the foundation for the extensive and sustainable development of the banking industry in the digital age.

“More than simply collecting information, the VNeID system facilitates the processing, analysis, and transformation of data into valuable knowledge. This not only helps banks better understand customer needs and behavior, but also supports the design of personalized financial products, optimizes customer service, and develops flexible business strategies. The deployment of electronic authentication services via VNeID on Agribank Plus not only makes banking transactions easier for people but also ensures information security and minimizes the risk of online fraud,” Major General Nguyen Ngoc Cuong stated.

Also at the ceremony, Mr. Pham Anh Tuan, Director of the Payment Department (State Bank of Vietnam), stated that in the past period, the State Bank of Vietnam has decisively and resolutely directed and closely followed the overall tasks of Project 06 and the Coordination Plan No. 01 between the Ministry of Public Security and the State Bank of Vietnam, issuing Decision No. 2345/QD-NHNN on the implementation of safety and security solutions in online payments and bank card payments, which stipulates the use of VNeID as one of the biometric customer identification channels when conducting online payment transactions.

Thanks to the continuous efforts of various units, the banking sector has achieved many positive results: As of December 20, 2024, the banking sector had more than 84.5 million customers registered to use online accounts, of which 61.5 million customers had completed biometric authentication.

“The deployment of electronic authentication services via VNeID on the Agribank Plus application, a collaboration between Agribank and the RAR Center of the Ministry of Public Security, is a solid foundation for enhancing the efficiency of managing and developing electronic financial services safely. The VNeID application is built on advanced technology, ensuring the accuracy and security of customers' personal information, effectively preventing fraud and impersonation, and mitigating risks to customer accounts,” said Mr. Pham Anh Tuan.

According to Mr. Pham Toan Vuong - Deputy Secretary of the Party Committee in charge of the Party organization, Member of the Board of Directors, and General Director: Agribank currently provides more than 200 banking products and services to 16 million customers using payment services through accounts, and nearly 4 million customers borrowing capital through its nationwide network of branches. With individual customers accounting for 70% of the total customer base, Agribank is currently the largest retail bank in the Vietnamese banking system.

Implementing electronic authentication via VNeID on the Agribank Plus application will optimize the customer experience, especially during Agribank's accelerated digital transformation strategy. By updating biometrics via their VneID account, customers do not need a physical card and their phones do not require NFC technology.

According to nhandan.vn