VPBank hosted the talk show "Prosperity Chess Move: Proactive Cash Flow - Seizing Capital Advantages for SME Businesses" to provide a realistic overview of how banks manage risk, how businesses access capital, and how they use funds. Insights from VPBank representatives and economic experts offered a perspective on how technology, data, and financial discipline collectively shape a prosperous future.

During the event, a bank representative highlighted the ability to process transactions almost instantly, a feat challenging in traditional banking. "With eKYC and an AI-powered automated approval system, customers now take less than 5 minutes to complete many services that previously required an in-person visit", said Dao Gia Hung, director of VPBank SME. This speed not only enhances the customer experience but also reshapes customer expectations for financial services.

However, rapid processing also introduces risk. Dao Gia Hung emphasized that security remains a red line. VPBank's system can detect and immediately block unusual transactions, even if they are transfer orders from an unfamiliar device at an unusual time.

"This demonstrates that 'fast' does not equate to 'loose'; on the contrary, it demands a tighter control system behind the scenes", he affirmed.

Dao Gia Hung, director of VPBank SME (far left), and economic expert Lam Minh Chanh (center) shared insights at the talk show. Photo: VPBank

Additionally, within the program, the director of VPBank SME and experts discussed how businesses, especially startups and small and medium-sized enterprises (SME), access capital.

"Instead of relying on collateral, VPBank is shifting to credit assessment based on historical transaction data and cash flow, with some loans disbursed on the same day", Hung stated. He believes this approach suits technology companies or new business models where value does not lie in tangible assets.

However, this comes with the requirement to properly understand borrowed capital. "If businesses use short-term loans for unnecessary long-term investments, they are putting themselves at financial risk", warned economic expert Lam Minh Chanh.

Furthermore, through the "Prosperity Chess Move: Proactive Cash Flow - Seizing Capital Advantages for SME Businesses" talk show, experts also analyzed the shift in banking operations from traditional models to data-driven ones.

"When businesses and banks 'speak the same language' through digital data, the question is no longer where the money is, but where it should be used most effectively", Chanh remarked.

Economic expert Lam Minh Chanh (right) and Dao Gia Hung (left) discussed "Prosperity Chess Move: Proactive Cash Flow - Seizing Capital Advantages for SME Businesses". Photo: VPBank

This is evident in API connectivity solutions between banks and enterprise management systems, which ensure real-time cash flow updates and minimize errors. Consequently, experts assert that banks function as decision-support systems rather than mere "money holders".

Beyond business matters, the talk show extended to personal finance issues, such as credit card usage and spending management among young people. "Never spend more than you can earn in a month. Treat your credit limit as a contingency fund, not your own money", Dao Gia Hung advised.

From a long-term perspective, economic expert Lam Minh Chanh noted that a poor credit history from a young age could lead to missed opportunities for future loans, from buying a home to starting a business. Therefore, even as technology changes, discipline remains a core element in personal financial management.

The talk show organized by VPBank SME also expanded the financial discussion to individual business households. According to Chanh, by simply using QR codes, every transaction becomes data. This "digital asset" helps business owners access capital more easily. Conversely, for large-scale enterprises, connecting banking systems with ERP allows for the automation of thousands of daily transactions, thereby reducing operating costs. Regardless of scale, the common point emphasized is that the more transparent the cash flow, the higher the access to finance.

The program also presented practical scenarios for participants to reflect on their own money usage. From security and borrowing to spending and investing, each topic raised familiar issues that are rarely systematized. "Technology can advance very quickly, but if users' financial literacy does not keep pace, risks will persist", Lam Minh Chanh added.

(Source: VPBank)

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