VietinBank receives international award for corporate banking

VietinBank was awarded two prestigious awards by International Finance Magazine - IFM within the framework of the 2024 International Finance Awards system.

Being named in both important award categories has continued to affirm VietinBank 's pioneering position in the field of corporate banking, as well as its continuous efforts to innovate, improve customer experience and promote comprehensive digital transformation in banking operations.

International Finance Magazine (IFM) is an international financial and business media organization based in the UK, with an independent evaluation and voting system to honor outstanding global financial institutions. IFM awards are reviewed based on a strict set of criteria, including: financial performance, innovation strategy, service quality, customer satisfaction, and market impact. The two important awards honored by IFM have once again affirmed the prestige and international competitiveness of VietinBank.

Best Corporate Bank – Vietnam 2024

Best Corporate Digital Bank – Vietnam 2024

Mr. Nguyen Thanh Tung, Director of Corporate Banking Division of VietinBank received the award.

VietinBank - Strategic partner accompanying businesses

On its development journey, VietinBank has always identified corporate customers as one of its important pillars. The Bank has been implementing synchronous strategies to comprehensively meet financial needs - from credit, guarantees, international payments, foreign exchange to cash flow management solutions, supply chain financing and digitalization of operational processes.

Not only providing financial products, VietinBank also acts as a consulting partner - accompanying businesses from the start-up stage to expansion, integration and sustainable development. Financial solutions are designed specifically for each industry group and each development stage, contributing to increasing operational value and optimizing resources for businesses.

Notably, VietinBank is also one of the pioneering banks in implementing green credit support packages and financial products associated with ESG standards, accompanying businesses in implementing sustainable growth goals and energy transition in line with national orientation.

VietinBank Corporate Banking Block received the award

VietinBank eFAST – Comprehensive digital financial assistant for businesses

The award for Best Digital Bank for Corporate Customers in Vietnam 2024 is a clear recognition for the VietinBank eFAST platform - a specialized digital banking system for corporate customers developed and operated by VietinBank. With the philosophy of "Customer-centric", VietinBank eFAST fully integrates essential banking services - from transfers, payments, credit, foreign exchange to specialized operations such as guarantees, supply chain financing, electronic document signing, ERP connection...

Not only convenient, VietinBank eFAST also possesses outstanding advantages:

Flexible financial management: VietinBank is the pioneer bank in the Big4 banking group to provide online disbursement and online guarantee products for corporate customers. Online disbursement and online guarantee allow businesses to access capital and complete contract commitments immediately, anytime, anywhere, with just a few operations on an Internet-connected device.

Convenient and fast: Businesses can open a payment account or register for VietinBank eFAST in just 5 minutes via the digital platform, completely eliminating cumbersome paperwork and waiting time at the counter.

User-friendly interface, high security: The system uses modern technologies such as eKYC, OCR, NFC, digital signature to ensure absolute safety, while bringing a perfect experience to businesses.

VietinBank eFAST X-mate special version is a premium version that serves the overall cash flow management needs of Enterprises and the Enterprise ecosystem: Centralized capital management; Payables and receivables management.

Outstanding transaction processing speed, supporting up to 5,000 transactions/file with processing time in fractions of a second;

Integrating AI, Big Data and Machine Learning technology to personalize experiences, analyze cash flow, forecast financial trends and provide appropriate transaction suggestions for each business; Support 24/7 foreign currency transactions;

Flexible approval mechanism according to group matrix, suitable for complex governance models of large corporations;

Ensure absolute safety with the security system meeting international standards ISO/IEC 27001:2013, supporting early warning of unusual behavior in transactions.

In 2025, VietinBank plans to continue upgrading eFAST with more than 60 technical improvements to enhance user experience, and continue to develop breakthrough products to create competitive advantages: electronic bid guarantees on the national bidding network (eGP), opening payment accounts, Digitizing the credit granting process: Single guarantee, automating part of the credit granting process; Applying digital signatures in the credit granting and disbursement process, Providing transaction documents with bank's CKS: Payment orders, payment slips to the State budget, Confirmation of term deposits... aiming to build a synchronous - safe - effective digital ecosystem for businesses of all sizes.

Firm positioning, aiming for long-term vision

Speaking on the occasion of receiving the award, a representative of VietinBank shared: “Being honored by IFM in both important categories is not only a source of pride but also a testament to VietinBank’s consistent commitment to improving competitiveness, innovation and customer-centricity. This is also the motivation for us to continue to pioneer in providing modern financial and digital solutions, accompanying Vietnamese enterprises on the journey of integration and sustainable development.”

Amidst the global economic shift and increasing demands from customers, VietinBank is demonstrating the mettle of a leading bank, with a long-term vision, modern technology platform and sustainable growth strategy - ready to overcome all challenges to better serve the business community in Vietnam.

Nguyen Nhi

Source: https://congthuong.vn/vietinbank-nhan-giai-thuong-quoc-te-danh-cho-ngan-hang-doanh-nghiep-389850.html