The awards ceremony took place on 3/7 in Singapore. In the wholesale banking category, Vietcombank was recognized for its Model Risk Management System, a tool developed in-house to meet the increasing demands of quantitative risk control. This system automates the monitoring, evaluation, and approval of models, thereby enhancing risk management and decision-making across the entire system.
 |
Representatives receiving the two awards at the ceremony. Photo: Vietcombank |
Representatives receiving the two awards at the ceremony. Photo: Vietcombank
In retail banking, Vietcombank's VCB Tablet solution was recognized for its ability to verify customer identities by connecting to the national population database. This is a pioneering solution in preventing risks such as document forgery, illegal account opening, or money laundering. The device uses biometric comparison technology, allowing for quick identification and reducing transaction time at the counter.
A key feature of VCB Tablet is its fast and accurate identification through population data matching, which shortens transaction times and provides a convenient, modern experience. The solution utilizes advanced technology platforms and operates according to the ISO/IEC 27001 international information security standard, ensuring the highest level of protection for biometric data and personal information.
 |
Nguyen Thi Hong Van receiving the "Risk Management Initiative of the Year" award. Photo: Vietcombank |
Nguyen Thi Hong Van receiving the "Risk Management Initiative of the Year" award. Photo: Vietcombank
Nguyen Thi Hong Van, Director of Legal and Compliance at Vietcombank, said these two awards demonstrate the bank's strategic investment in risk management for sustainable development. "We will continue to learn, apply international best practices, and promote technology application for more effective risk management in the context of a rapidly changing market," she said.
According to Vietcombank representatives, being honored in both segments demonstrates the bank's comprehensive risk management capabilities, aligning with its digital transformation strategy and its leadership role in the financial and banking sector.
 |
Bank representatives receiving the "Risk Management Initiative of the Year" award for retail banking. Photo: Vietcombank |
Bank representatives receiving the "Risk Management Initiative of the Year" award for retail banking. Photo: Vietcombank
The Asian Banking and Finance Awards are an annual event organized by Asian Banking and Finance magazine (Singapore). This year, the event attracted hundreds of financial institutions from over 30 countries in the region. The award categories were evaluated by a panel of experts from auditing and consulting firms such as EY, KPMG, PwC, Bain & Co, and BCG.
Hoai Phuong
