Joyce Truong
August 2020

Leading a financially innovative Asia through Open Banking

Open Banking is one of the most important innovations occurring in consumer financial services around the world that can strengthen the connection among the banking sector, fintech and other financial segments. This improves industry competition and increases market access to financial products and services.

 

Joyce Truong
May 2020

The impact of the COVID-19 pandemic on digital banking transformation and shaping

The COVID-19 pandemic has caused serious impacts not only on human health but also on the world's economy. In particular, a healthy and vibrant banking sector is the bedrock of the economy. When crises emerge, banks need to act to protect employees and customers, strengthen the resilience of supply chains and drive greater financial efficiency to deal with the economic consequences of the pandemic and act to shape customer behavior post-COVID.

 

Gwendolyn Nguyen
April 2020

Tackling the challenges towards adoption of eKYC

Technology is considered necessary to compete in the global economy, and Vietnam’s government is rightfully focusing on digital banking transformation. Digital transformation in the banking sector progresses at a rapid pace, yet thus far, only one legal provision relating to electronic Know Your Customer (eKYC) has been put in place. This has the effect of stalling banks’ adoption of eKYC. Regardless, this new legal provision is the first step towards solving the biggest problem in digital banking transformation.

 

Gwendolyn Nguyen
March 2020

Regulations on applying multi-factor authentication in digital payment

The issue of protection of personal banking data is gaining importance in Vietnam. Based on the regulations developed in developed countries, Vietnam is slowly building its own legal framework to mandate the use of multi-factor authentication in the banking and finance field to enhance security in digital payment.

 

Joyce Truong
February 2020

Risks from using e-wallets and how to mitigate them

In the digital transformation era, electronic wallets are gradually becoming the preferred choice for many people to reduce usage of cash. However, the convenience comes with risks that users may be unaware of when using e-wallets.

 

Gwendolyn Nguyen
February 2020

Criteria to evaluate Software OTP authentication method

According to the Decision No. 630/QD-NHNN issued by the State Bank of Vietnam, all the banks in Vietnam have to ensure e-payment channels are secured. In the listed methods, software OTP can be considered the preeminent authentication factor if it utilizes basic standards of user authentication and security technology.

 

Gwendolyn Nguyen
February 2020

INTRODUCTION TO SOME OF THE MOST POPULAR TWO-FACTOR AUTHENTICATION METHODS

Nowadays, SMS OTP, Hard OTP, Soft OTP, biometric authentication are 4 of the most popular second-authentication methods. According to the FIDO (Fast IDentity Online) Alliance report in 2017, 21% of businesses use single-use software tokens and SMS one-time password (OTP) generation, 16% use hardware tokens for one-time password generation and fingerprint authentication.

 

Joyce Truong
January 2020

Which keys pave the way for the evolving digital banking system?

The development of digital banking system in Vietnam has become the top concern for many large banks across the country, and this is also one of the first steps in implementing the digitization of banking activities to bring the best user experience.

 

Joyce Truong
January 2020

Chìa khóa nào mở cửa hệ thống ngân hàng số phát triển?

Hiện nay, phát triển hệ thống ngân hàng số ở Việt Nam đã và đang trở thành mối quan tâm hàng đầu của nhiều ngân hàng lớn trên cả nước, đồng thời đây cũng là một trong những bước đi đầu tiên trong việc thực hiện số hoá các hoạt động ngân hàng nhằm mang lại trải nghiệm tốt nhất cho người dùng.

 

Editor
September 2019

Vingroup chính thức nhảy vào lĩnh vực ví điện tử

After acquiring Monpay, VinID was licensed by the State Bank to provide intermediary payment services with the licensed service as E-wallet.

 

Editor
August 2019

Sau Facebook đến lượt Telegram sẽ ra mắt tiền mã hóa của riêng mình, thời hạn còn 2 tháng hoặc bồi thường 1,7 tỷ USD

Được công bố khá lâu, nhưng dự án tiền mã hóa của Telegram vẫn chưa hoàn thiện. Ngày 31 tháng 10 tới đây chính là thời hạn cuối cùng, nếu không Telegram sẽ phải trả lại 1,7 tỷ USD cho nhà đầu tư.

 

Editor
August 2019

Bảo mật ứng dụng mobile banking

Banking services via mobile banking are the hot topic now, which a factor of change in the banking and online payment market.

 

Editor
August 2019

đài loan cấp phép hoạt động ngân hàng ảo đầu tiên

In Asia, HongKong is the first banking has virtual banking operations while Singapore and Thailand, Malaysia are also considering the similar transaction.

 

Editor
July 2019

Cuộc đua không tiền mặt tại châu Á: Thẻ visa đang ‘thua’ ví điện tử

Người dùng từ Ấn Độ, Nhật Bản đến Trung Quốc đến Indonesia… đang có xu hướng chuyển sang các ứng dụng thanh toán kiểu PayPay, Alipay, GrabPay… thay vì thẻ tín dụng Visa, MasterCard.

 

Editor
July 2019

S&P: Nợ tín dụng tăng mạnh từ 2012, Trung Quốc đứng trước nguy cơ vỡ nợ

Nợ tín dụng tại Trung Quốc đã tăng 6 lần kể từ 2012, dấu hiệu gợi nhớ đến sự sụp đổ của thị trường châu Á trong lịch sử, làm gia tăng nỗi lo ngại về nguy cơ các ngân hàng Trung Quốc phải đối mặt, theo một báo cáo mới từ S&P Global Ratings.

 

Editor
June 2019

Tiền ảo Libra của Facebook: Mô hình nào để Việt Nam quản lý?

Facebook's newly launched virtual currency Libra is considered a challenge for all central banks worldwide.

 

Editor
June 2019

Tiền của Facebook ‘đáng sợ’ ra sao?

Facebook's libra currency is likely to lose the monetary sovereignty of some countries.

 

Editor
June 2019

Những ngân hàng nào đang miễn phí chuyển khoản trên Internet Banking?

Few banks are free of all internal and external net money transfers for current customers. The fee collection method of each bank is quite diverse, the fee is also significantly different.