Banking event highlights financial inclusion in Vietnam

Deputy Director of the State Bank of Vietnam (SBV)’s Banking Strategy Institute Nguyen Thi Hoa said at a press conference on May 20 that the event is organised under the theme of “Financial inclusion in the rising movement of cashless economy” and will be the 21st of its kind.

Banking Vietnam 2019 will consist of a series of workshops and a technology expo. Hosted by SBV Deputy Governor Nguyen Kim Anh, the main session which will focus on challenges in carrying out financial inclusion in Vietnam, expansion of financial services towards a cashless economy, international experience in cashless payment, and application of a digital identity system.

The first session, on “Risk management in financial service supply towards financial inclusion and cashless economy”, will feature IT application in risk management when implementing financial inclusion in Vietnam.

Measures to develop e-payment, diversify financial services to enhance access for local people and businesses, and consolidate the development of micro-financial institutes, among others, will be tabled at the second session.

The technology expo for banks and financial institutions is expected to welcome over 400 delegates and more than 20 expo booths presenting innovative solutions in the field. The expo will gather leading technology corporations, showcasing state-of-the-art products and solutions, such as core technology, digital identity systems, credit risk management strategies, and artificial intelligence (AI).

Banking Vietnam, an annual technology banking event, is held by the SBV in collaboration with the International Data Group to introduce the latest achievements in IT application to create new banking services and products.