Responding further to this, at the press conference announcing the 2024 Digital Transformation event in the banking industry on the afternoon of April 25, Mr. Doan Thanh Hai, Deputy Director of the Information Technology Department (IT) of the State Bank, said, Before issuing the decision, the State Bank conducted a survey. The number of intraday transactions valued at over 10 million VND accounts for more than 11%, while the number of intraday transactions valued at over 20 million VND accounts for only 0.79% of the total transaction volume.
Therefore, requiring biometric authentication will not make it difficult for banks and will not have much impact on customers.
“Remitting money from 10 million VND requires biometric authentication, which will greatly reduce criminals from accessing other people’s accounts to transfer money, and at the same time prevent the situation of buying/selling/renting/lending assets. clause. Before this decision was issued, credit institutions (CIs) had cleaned customer data. By July 1, when the decision took effect, credit institutions had a long time to prepare,” Mr. Hai said.
Recently, the banking industry has been very active and endeavored to implement Project 06 and the tasks set out in Plan 01 (this is a coordination plan between the State Bank of Vietnam and the Ministry of Public Security signed on January 24). April 2023 to implement Project 06), contributing to enhancing security and safety in the process of popularizing banking services on digital platforms, thereby promoting the industry’s digital transformation process, serving the development of digital banking services. socio-economic development.
According to Mr. Hai, up to now, 48 credit institutions have been implementing applications to authenticate customers with chip-embedded citizen identification cards (CCCD) via phone applications. 58 credit institutions have been implementing applications to authenticate customers with chip-embedded CCCD cards via devices at the counter.
14 credit institutions are testing the application of electronic identification and authentication accounts (VNeID) in the following operations: opening payment accounts; authenticate payment transactions; compare and authenticate customer information; 7 credit institutions have been implementing reliable scoring solutions.
Regarding data cleaning, 23 credit institutions have signed with C06 (Police Department for Administrative Management of Social Order – Ministry of Public Security) to deploy customer data cleaning offline.
