The event marks a milestone PVcomBank is one of the first banks across the country to deploy this feature after the national population database has been completed.
In recent years, electronic identification (eKYC) is an authentication method applied by PVcomBank as well as many credit institutions in Vietnam. operating in the banking industry, helping customers easily access modern financial services. However, the current method still faces obstacles in case the system does not record or incorrectly records information due to blurred, old, or improperly photographed identification documents, leading to incorrect account opening. success; Besides, according to the provisions of Circular 16/2020/TT-NHNN, customers using eKYC method are still limited in transaction limit not exceeding 100 million VND. VND/month at the time of account opening, this more or less affects the user's experience with digital banking services.
Therefore, as soon as the Project "Developing the application of data on population, electronic identification and authentication for national digital transformation in the period of 2022 - 2025, with a vision to 2030" (referred to as Project 06) was approved by the Prime Minister and the State Bank issued regulations allowing commercial banks to apply technology to check and compare the biometric characteristics of customers' national identity, PVcomBank's national identity plan with the centralized population database has been approved by the Prime Minister. (CCCD) chip into identification, electronic authentication and opening payment accounts for individual customers by eKYC method. Today's signing event between PVcomBank and QTS company is expected to bring the eKYC method to a new level, helping to improve the experience and efficiency of transactions between customers and banks, ensuring operational safety and supporting crime prevention in the banking sector.
Representatives of PVcomBank and QTS signed a cooperation agreement on the application of chip-based CCCD in electronic identification and authentication activities.
Speaking at the signing ceremony, Mr. Le Anh Dung, Deputy Director of the Payment Department - SBV said:Today's event marks the beginning of the banking industry in connecting and applying data from the national population database, bringing new benefits and values to the people and society. . We expect that the online account opening service combined with residential data through the chip-based CCCD will provide a safe, convenient and fast user experience; helping to increase access to finance, especially in preventing the risks of fraud, forgery and financial fraud”.
Mr. Le Anh Dung, representative of the Payment Department - SBV spoke at the signing ceremony
At the ceremony, Ms. Nguyen Thi Nga, Director of PVcomBank Digital Bank expressed her thanks to the State Bank and C06 of the Ministry of Public Security for supporting and facilitating the Bank and QTS. “With a team of qualified and experienced personnel in the field of building and implementing e-Government projects, in collaboration with experts from the Digital Banking Product Development Department, the cooperation relationship between PVcomBank and QTS aim to provide innovative solutions, apply the latest technologies to create a smart, safe, convenient and fast financial transaction tool.” she added.
As a solution provider, QTS appreciates PVcomBank's thorough preparation of modern IT platforms and systems to meet and integrate with the solutions provided by QTS. grant. “Hopefully the cooperation will open up new opportunities in the future to help PVcomBank in particular and the banking industry in general increase reliability and safety in the transaction process and approach new potential customers.”Mr. Do Quang Trung, General Director of QTS emphasized.
After today's signing ceremony, PVcomBank and QTS company will focus their resources on perfecting the platform and system to soon launch this new feature in the market.
