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Biometric technology promotes digital banking

After the purchase, the payment using the app bank number is very quick when customers only need code scan and face authentication. The rest of the operations are completely automatic. It is this quick, time-saving advantage that has made many people choose to use digital banking on a regular basis.

Biometric technology promotes the development of digital banking - Photo 1.

Experts predict that the number of users opening accounts via eKYC will continue to increase sharply. (Illustration image – Photo: Investment Newspaper)

According to the State Bank of Vietnam, only 6 months after allowing account opening through eKYC electronic identification, up to 1.8 million accounts were opened in this way. Most banks have implemented electronic identity authentication via biometrics, as well as added many new services to meet the increasing needs of users.

“Through the application and using eKYC electronic identification technology to issue an account, users only need to take a picture, ID card or citizen identification card to open an account,” said Ngo Tuan Anh, Deputy Chairman of Bkav Group, said.

Experts predict that the number of users who open accounts via eKYC will continue to grow stronger as the process gets easier and easier, because many banks can already connect with the biometric data of the Ministry of Public Security through the Ministry of Public Security. Citizen ID with chip.

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