The Hanoitimes – Instead of accessing bank account through normal PIN passcode, customers just need to hold the phone’s camera up to their faces, then the application will automatically recognize the face for the next login. As such, customers of the Vietnam International Bank (VIB) can now access the mobile banking application MyVIB through he two forms of biometric authentication logins: facial recognition and fingerprint identification. These functions have been updated on the newest version of MyVIB in AppStore by VIB. Earlier, in last November, its strategic partner – the Commonwealth Bank of Australia – was also the first bank in the world to apply this function. Customers of VIB can now access bank account with FaceID function. With the new method, all smartphone users who want to log into the VIB Banking App or MyVIB can now use their camera or touch the built-in fingerprint sensor on their phones, such as IphoneX, Galaxy Note 8, A5, A7 or S6. They only need to activate this feature once and then the application automatically recognizes them for the next login. The application of biometric authentication has emerged as a trend that can not only bring more convenience but also increases security for customers, especially those who conduct banking transactions online, VIB’s Deputy CEO Trần Nhất Minh said. Previously, VIB also allowed customers to buy airline tickets on MyVIB while enabling customers to transfer money on social networks in just five minutes via the MyVIB Social Keyboard – a new application… [Read full story]
VnExpress International had an exclusive interview with executives of India-based information technology company Tech Mahindra, who are in Hanoi to attend the Asian Banker Summit 2016, to discuss the importance for banks to stay on top of the competition through technological innovation. New entry on data warehousing Commercial banks in Vietnam have just embarked on the journey of adopting technologies. The roadmap starts with upgrading core banking, then building data warehouses to enhance business intelligence capability, and internet and mobile banking. Niraj Vedwa, senior vice president of Tech Mahindra, described the process of technology adoption by Vietnamese banks. “Banks in…... [read more]
“Innovation and transformation - Key factors for banks improving operational efficiency and competitive advantage in the new context of integration” is the theme of the Banking Vietnam Exhibition - Conference 2016 held on May 19. The event was co-hosted by the State Bank of Vietnam (SBV) and International Data Group (IDG). Rising information insecurity Speaking at the conference, Deputy Minister of Information and Communications Nguyen Thanh Hung affirmed that extensive economic integration is expected to bring more opportunities for commodity development to the Vietnamese economy in general and to the banking industry in particular. However, this process is also coupled…... [read more]
Deutsche Bank AG Singapore will act as facility agent for this $100 million loan. FE CREDIT holds nearly 50 per cent of the market share in the consumer finance industry in Vietnam.“We are very pleased to receive such strong support from our international banking partners with the help of this facility,” said Kalidas Ghose, vice chairman and CEO of FE CREDIT. “Our partnership with Deutsche Bank re-affirms our brand value and the operational excellence of our business in meeting the highest level of international standards. Also, it demonstrates the trust that our partners have in our business performance, the sustainable…... [read more]
“I am very happy to see that this year, Vietnamese banks appear in many more categories than in the previous years. This shows that Vietnam’s banking sector is making big steps to catch up with that of other countries in the region,” Hong said in her speech addressing the ceremony.“That Vietnamese banks receive awards of The Asian Banker shows that the Asian Banker recognises the achievements of the Vietnamese government in reforming, that the reform is going in the right direction, and encourages us to continue it,” she added.SeABank, which leveraged its data analytics capability to offer a more customer-centric…... [read more]
A survey by the State Bank of Vietnam (SBV) showed that nearly 50% of Vietnamese banks made lower pre-tax profit between January and June this year against the second half of 2012. Half of Vietnamese banks see lower profit in first half of 2013 The biggest profit fall ranged from 20% to 30%, according to the survey on banks’ business trends conducted by the SBV’s Monetary Statistics and Forecast Department. Only 30.4% of banks said that their business activities improved during the period, meanwhile 21.5% disclosed that they got worse business results. The survey also indicated that the business environment…... [read more]
