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How Will Biometrics Affect the Future of Banking Security?
Both banks and customers benefit as fingerprint, iris and facial recognition technology becomes more prevalent in financial services. As cyberattacks grow more sophisticated, banks increasingly turn to advanced authentication to protect customer data. Widespread biometrics adoption represents not only a top banking trend for 2018 but also a long-term market shift. A report from Global
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Online opening bank accounts – A race for market share expanding of Vietnamese banks
Regarding the permission to open payment accounts without face-to-face meetings, the State Bank of Vietnam (SBV) believes that this will help the bank to expand the types of customer, and customers can access to banking services such as payment, savings, lending … In the National Comprehensive Financial Strategy approved by the Prime Minister on January
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Smart Form was successfully implemented by SHB Bank – An opportunity to expand business and shorten the comprehensive digital transformation roadmap
Banks are increasing their investments in technology infrastructure, developing digital banking, utilizing Big Data and artificial intelligence (AI), and expanding business opportunities to provide customers with novel and cutting-edge experiences under the influence of the industrial revolution 4.0
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Digital Banking Transformation: Technology change business model, increase revenue and improve customer experience
The banking industry faces challenges in 2020. COVID-19 and unfavorable factors like floods and natural disasters have caused significant instability and high volatility in the banking system as a whole. However, the banking industry has been able to “turn risks into opportunities” and overcome obstacles thanks to digital transformation policies.
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BAOVIET Bank has successfully launched the new website
The General Director of Bao Viet Group, the Board of Directors, and Hyperlogy representatives witnessed the official launch of the new BAOVIET Bank website on December 2, 2020. The user experience for customers is enhanced by the new version of the website’s interface, distinctive brand colors, outstanding utilities, and cutting-edge technology.
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The Project “Putting a new shirt” for BAOVIET BANK’s Internet Banking was successfully launched by Hyperlogy
Becoming the leading digital bank – the goal of many domestic commercial banks Almost all domestic commercial banks want to be the best digital bank, and digital banking has been their primary development focus over the years. 94% of banks have initially implemented or have been researching and building digital transformation strategies; of which, 59% of
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Smart eKYC’s video call – An effective digital onboarding tool for banks
The COVID-19 pandemic has turned the lives of people all over the world upside down. Everyone is recommended to stay at home, face-to-face activities are minimized, leading consumption habits as well as living habits have many changes, the need to open an account online, etc. has increased dramatically in the past few weeks. This is
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AI and Biometrics – Major trends that shape the online banking market
If the financial industry has taught us anything in the past, it is that we can no longer postpone digital transformation in banks. Today, consumers expect to perform banking transactions from anywhere and anytime. The technological advancements that offer improved interface and inclination of customers for convenience drive the market of online banking. According to
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Mobile eKYC – Biometric application to optimize user experience in Online customers identification
According to data shared by Mr. Pham Tien Dung, Director General of Payment Department (State Bank), recently at the Fintech Vietnam Forum (FVF) on November 8, 43 million Vietnamese people over age 15 have a bank account. In the next 10 years, Generation Z (born after 1995) will account for 40% of the population and
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At ABBANK, the project titled “Deploying SMART Booking Service” was successfully launched by Hyperlogy
Following the SMART FORM project that was deployed in 2018, on June 10, 2019, Hyperlogy successfully go-live the solution “Online registration”, also known as SMART Booking at An Binh Commercial Join Stock Bank (ABBANK). One of the objectives that the Board of Directors of ABBANK emphasized when working with the SMART eKYC Project of Hyperlogy
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Bank’s services better meet customer’s needs thanks to Digital Self-Service
Bank’s services better meet customer needs thanks to Digital Self-Service Currently, many technology solutions have been strongly applied by banks. This brings customers’ expectations, wants to experience service from the bank. On the other hand, the constantly changing legal environment shows many limitations of ineffective old processes, has created new forms of competition in the
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SMART eKYC – Breakthrough solution helping banks “electronic Know Your Customer” at the counter
In parallel with the Block-chain solutions, P2P Lending solutions, etc., Online Customer Identification (called “eKYC”) is becoming an indispensable growing trend in the digital age when the digital economy becomes more and more apparent. Currently, a lot of Vietnam commercial banks have requested the State Bank of Vietnam to allow applying eKYC (Electronic Know Your
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