"The major aim of this conference is to put a stress on strategic issues relating to technology development in the banking system through 2020," State Bank of Viet Nam deputy governor Nguyen Toan Thang told the opening of the conference.
The two-day event, under the theme of Modernising Banking on the Threshold of Economic Recovery, was expected to explore such areas as automated banking services, data security and risk management, with the target of introducing the latest and most modern IT applications in banking governance and services.
On the opening day, delegates placed strong focus on measures to increase the use of electronic payment systems in Viet Nam.
So far, there were about 10,000 ATMs, 36,000 point-of-sale (POS) stations and 22 million bank cards in circulation, connected by networks such as Banknetvn and Smartlink, noted the head of the State Bank of Viet Nam's payment department, Bui Quang Tien.
But non-cash payments were still the exception rather than the rule in Viet Nam, Tien said, suggesting that the legal system, and the habits of authorities, companies and the general public perpetuated the use of cash.
Tien said that the State Bank and other relevant authorities would continue to perfect a legal framework from electronic payments, as well as attempt to better co-ordinate POS systems, boost online and phone banking services and encourage commercial banks to offer new products supporting electronic payments.
Delegates also discussed measures to better ensure the safety and security of banking operations.
"Viet Nam should focus on risk management and system resilience in order to ensure system stability," said Saloni Ramakrishna, principal architect of enterprise analytics for Oracle Financial Services.
A showcase of products and services offered by 40 domestic and international credit institutions and IT firms was taking place on the sidelines of the conference.
The showcase also introduced an automated banking model that would include the participation of seven commercial banks, including Agribank, the Bank for Investment and Development of Viet Nam (BIDV), Vietinbank. Techcombank and Vietcombank.
Source: vietnamnews
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