the keys to digital bank development

The keys to digital bank development

With Industry 4.0 having a substantial impact on all aspects of the economy and social life, banks are forced to evolve at exponential speed to meet consumers’ needs. Vu Thanh Minh and Nguyen Dieu Linh, lawyers at LNT & Partners, write about digital transformation in the banking industry, and the future trends.
malaysias cimb greenlit to increase charter capital for vietnamese bank arm

Malaysia's CIMB greenlit to increase charter capital for Vietnamese bank arm

Malaysian bank CIMB announced that the State Bank of Vietnam has approved its request to increase charter capital of its CIMB Vietnam One Member Limited Liability Bank from VND3.47 trillion ($150.87 million) to VND3.69 trillion ($160.43 million).
timo digital bank participates in build on vietnam 2021

Timo Digital Bank participates in “Build On, Vietnam 2021”

The first digital bank in Vietnam, Timo has become one of the sponsors accompanying the "Build On, Vietnam 2021" programme, an intellectual playground for students who love to explore cloud computing technology in Vietnam.
digital banking a motivation to develop a cashless society

Digital banking, a motivation to develop a cashless society

The virtual conference themed "Digital Financing: Powering cashless economy" organised on June 22 and 23 by Star Media Group Malaysia was participated by top business leaders from across Asia in the field of finance, banking, information, and data management.
gib global investment digital bank to bid for digital banking licence in vietnam

GIB Global Investment Digital Bank to bid for digital banking licence in Vietnam

Leading Hong Kong-based investment bank GIB Global Investment Digital Bank announced intentions to enter the digital banking space in Vietnam by teaming up with Vimo and local payments providers.
timo officially becomes strategic partner of mcdonalds in vietnam

Timo officially becomes strategic partner of McDonald's in Vietnam

The first digital banking platform in Vietnam, Timo, on May 24 announced that it has officially become a strategic partner of the world's largest fast-food restaurant chain, McDonald's, in Vietnam.
timo appoints nam tran as a member of the global advisory board

Timo appoints Nam Tran as a member of the Global Advisory Board

Timo, the first digital banking platform in Vietnam, officially announced the appointment of Nam Tran, co-founder and chairman of Moca as a member of the Global Advisory Board at Timo from May 1, 2021.
citis digital growth benefiting institutional clients

Citi’s digital growth benefiting institutional clients

Citi Vietnam was recently named Digital Bank of the Year by The Asset magazine. Interim Vietnam Citi country officer Lai Minh Thuy shared with VIR’s Phu Canh her views on the digital focus of the bank in recent years and the recent announcement on exiting from the consumer bank business in Vietnam.
timo appoints nirukt sapru to global advisory board

Timo appoints Nirukt Sapru to Global Advisory Board

Timo, the first digital banking platform in Vietnam, today officially announced that Nirukt Sapru has been appointed to its Global Advisory Board effective from April 1, 2021.    
citi vietnam wins digital bank of the year award

Citi Vietnam wins Digital Bank of the Year award

Citi Vietnam was recently named Digital Bank of the Year by The Asset Magazine, recognising Citi’s franchise in Vietnam for its performance, resiliency, and acceleration of digital banking.      
bidv launches new generation smartbanking with most comprehensive ecosystem

BIDV launches new-generation SmartBanking with most comprehensive ecosystem

Amid ever-growing demands from consumers in the era of the Fourth Industrial Revolution, BIDV – one of the four leading state commercial bank– has rolled out its new SmartBanking digital banking service to optimise user experience.
mobile transactions in vietnam to grow by three times by 2025

Mobile transactions in Vietnam to grow by three times by 2025

Mobile transactions in Vietnam are expected to increase by 300 per cent between 2021 and 2025, led by strong growth in mobile payments, as revealed in the second edition of the Fintech and Digital Banking 2025 (Asia-Pacific) IDC InfoBrief, commissioned by Backbase.
bold new approach for digital banking

Bold new approach for digital banking 

The State Bank of Vietnam (SBV) in late 2020 issued Circular No.16/2020/TT-NHNN amending Circular No.23/2014/TT-NHNN guiding the opening and use of payment accounts at payment service providers, which is one of the prominent legal documents issued to promote the transformation and development of cashless payments. 
timo wins fastest growing and most innovative digital banking awards

Timo wins Fastest Growing and Most Innovative Digital Banking awards

Timo - a leading non - conventional bank in Vietnam and beyond with a digital-first mindset - has achieved a remarkable double first at The Global Economics Awards categories, becoming the Fastest Growing Digital Bank and Most Innovative Digital Bank in its ongoing digital banking transformation.
be group partnering up with vpbank to launch cake digital bank

Be Group partnering up with VPBank to launch Cake digital bank

Be Group (the developer of Be ride-hailing app) and VPBank have officially introduced Cake digital bank, a new solution for e-banking. This is the first time that a digital bank will appear on the interface of a ride-hailing app in Vietnam.