VietinBank participates in the event Digital Transformation of Banking Industry in 2024

On the morning of May 8, 2024, the Digital Transformation of the Banking Industry 2024 event took place in Hanoi. The event was organized by the State Bank of Vietnam (SBV) with the theme "Expanding connectivity and developing the digital ecosystem".

Prime Minister Pham Minh Chinh attended the event. Also attending were Governor of the State Bank of Vietnam Nguyen Thi Hong, representatives of leaders of central departments, ministries and branches; leaders of relevant financial, credit and technology organizations. Representatives of VietinBank attended: Mr. Tran Minh Binh - Chairman of the Board of Directors; Mr. Tran Cong Quynh Lan - Deputy General Director. Implementing the National Digital Transformation policy, the State Bank of Vietnam has issued a "Banking Industry Digital Transformation Plan to 2025, with a vision to 2030." To date, more than 87% of adults in Vietnam have a payment account at a bank; many banks have processed more than 95% of transactions on digital channels. The average growth in the number of mobile payment transactions (Mobile) and QRCode over the years from 2017 - 2023 reached over 100%/year.

Overview of the Digital Transformation of Banking Industry event in 2024

New digital technologies are also being strongly applied to serve the needs of developing new products and services and meeting the increasing demands of people and businesses. Vietnam has completed cross-border payment connections via QR codes with Thailand and Cambodia and is implementing them with Laos, and is expected to continue expanding to countries within and outside the ASEAN region. As a pioneer bank in digital transformation and the application of modern technology in business operations, VietinBank has established the Open Banking model as a key goal in providing digital financial services in the 4.0 era.

Mr. Tran Minh Binh and Mr. Tran Cong Quynh Lan welcomed Prime Minister Pham Minh Chinh to visit VietinBank's booth displaying products and services.

After 5 years of implementation, VietinBank has provided digital services to hundreds of partners in many different industries such as: Fintech, retail, FMCG, F&B... through Open APIs connection, processing an average of over 300 million financial transactions/year in many diverse financial product groups such as: Account services, collection and payment, payment, cash flow management.

Customers experience VietinBank's products and services at the event.

In the coming time, VietinBank will continue to enrich the utilities, provide more APIs to cooperate and connect more diversely with all partners in all industries and fields. VietinBank always wants to become a trusted technology partner, accompanying businesses, the Fintech community, and the Start-up community to continuously develop modern digital financial services with the goal of focusing on customers.

Xuan Nguyen

Source: https://www.vietinbank.vn/vn/tin-tuc/VietinBank-tham-gia-su-kien-Chuyen-doi-So-nganh-Ngan-hang-nam-2024-20240508143850.html