Specifically, from today, customers can easily update and authenticate biometric information by connecting the VNeID application right on Open Banking. The "app-to-app" feature allows customers to perform "identity verification" operations on Open Banking with "3 no's": No need to scan the ID card chip/citizen identification card, no need for a phone with NFC technology and no need to go to the transaction counter.
Thus, users only take a few minutes to update their biometrics and perform financial transactions such as money transfer, bill payment, savings deposit, point of sale management... Thanks to that, it brings convenience and speed to customers, improves security and safety factors, limits risks in financial transactions, credit, insurance...
Speaking at the signing ceremony of the electronic authentication service contract between RAR Center and Nam A Commercial Joint Stock Bank, Colonel Ngo Nhu Cuong, Deputy Director of the Police Department of Administrative Management on Social Order, said that the connection between VNEID and Open Banking of Nam A Bank is an important milestone, showing a strong step in promoting the application of national defense and financial authentication technology, contributing to the financial and transformation of the country, contributing to the financial and transformation of the Bank, contributing to the conversion of the United Bank - family and development of digital, digital and digital society.
RAR Center and Nam A Bank need to coordinate closely, promote the strengths of each side as well as resolutely carry out tasks, continue to be creative, develop more products and services from population data, ID cards, and electronic identification. This will be an important foundation to improve the quality of payment activities, promote socio-economic development, and at the same time bring many practical and safe utilities to people and businesses, Colonel Ngo Nhu Cuong emphasized.
Accordingly, the RAR Center is a public service unit under the National Population Data Center, the Department of Administrative Management of Social Order Police, Ministry of Public Security with the function of researching, developing and providing products applying population data and citizen identification cards. In particular, the RAR Center provides electronic authentication services and implements Project 06/CP to ensure timeliness, speed, efficiency, and compliance with regulations on ensuring information security and safety.
Mr. Nguyen Vinh Tuyen - Deputy General Director of Nam A Bank - said: "The implementation of electronic authentication services via VNeID right on Open Banking not only helps simplify administrative procedures but also connects, connects with many other systems, integrates multiple services. At the same time, strengthen the layer of security protection for customer accounts, affirm its leading position in technology and contribute to Nam A Bank's comprehensive digital transformation goal".
As one of the pioneering banks in digital transformation, in recent times, Nam A Bank has continuously researched, created, and applied technology to modern digital banking products and services. Recently, the bank has simultaneously deployed the feature of notifying balance changes by voice Happy Voice on Open Banking and notifying via the Happy Box Talented appropriation device to help customers receive balancing information in the account immediately without opening an application or reading the notification on the phone screen.
In addition to Open Banking, the Nam A Bank digital banking ecosystem also has OneBank and OPBA Robot with outstanding, advanced features, high technology content, positively welcomed by customers. The bank also strengthens linkages and cooperation with major technology partners to expand the ecosystem, diversify financial solutions, optimize operating costs, increase transparency, and improve operational efficiency.
In 2025, Nam A Bank will continue to deploy a comprehensive financial model with two main pillars: "digital" and "green". Thereby, the Bank has gradually raised its position in the market as well as contributed to promoting cashless payments, enhancing electronic identification in the national digital transformation.
