BIDV representatives receive “Vietnam's best bank for digital solutions” award from Asiamoney

On 26 September 2023, Asiamoney magazine honored BIDV as “Best bank for digital solutions in Vietnam”. Aiming to provide services that are "beyond banking", BIDV has focused on building digital banking platforms to become the leading digital bank for corporate customers. The bank has met cash management needs of businesses such as managing receivables, payables, and liquidity on multiple platforms (banking app, business's own platform or third-party’s platform), offering a wide range of solutions to meet business customer segments including small and medium enterprises (SMEs), large corporates, groups, corporations, and FDI businesses.

BIDV iBank is an application that provides a comprehensive financial ecosystem for businesses, from basic financial services such as domestic money transfer, payroll, bill payment to advanced financial services such as international payments, trade finance, online foreign currency trading, cash flow management, and collection via virtual accounts. In addition, to meet the strong digital transformation trend and the need for continuous improvement of corporate customers, BIDV has researched and deployed BIDV iConnect service. Accordingly, BIDV provides APIs that allow customers to conduct banking services right on their own ERP platform. To date, BIDV iConnect has been widely deployed to many customers, including Vietnamese groups/corporations, multinational corporations and SME customers through connections with companies that provide ERP platforms such as MISA, FAST, KIU, NGS...

BIDV is also the first bank in the market to provide comprehensive financial solutions in supply chain financing (SCF), attracting satellite customers who are suppliers and distributors in various industries and fields. Recently, BIDV has deployed a BIDV SCF software program that brings convenience and optimizes businesses' experience in the supply chain such as shortening payment process, creating multi-dimensional transaction reports, maximizing efficiency with high safety and security.

Asiamoney evaluated that the application of new technologies and advanced architecture such as Omnichannel, Microservice, Open API, and Angular... has helped BIDV's digital solutions excel in the market. BIDV's continued development of the digital banking ecosystem through partnerships with Fintech, Bigtech, securities companies, insurers and financial leasing companies will bring more diverse and modern digital solutions to comprehensively serve the needs of business customers.

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Asiamoney was founded in 1989 and is a prestigious magazine on banking and finance in Asia and globally. The "Vietnam's Best Bank for Digital Solutions" award is in the “Best Bank Awards” category organized annually by Asiamoney to honor banks with outstanding achievements in various fields in the Asian region. Asiamoney's award decision was based on in-depth newspapers and research on capital markets and banking by leading market experts and analysts from Asiamoney.