On 20 August 2022, in Hanoi, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) cooperated with FAST Software Joint Stock Company (FAST) to organize a seminar on corporate digital transformation.

In the Industry 4.0, a comprehensive digitization of corporate activities, especially in financial management, is one of the prerequisites for any companies who wish to enhance their competitiveness and business efficiency. Connecting and integrating banking services with enterprise management software (ERP) is a comprehensive financial solution to help enterprises optimize experience, save costs and ensure safe and effective transactions. Transaction digitization not only helps corporate leaders and accounting department quickly and conveniently manage and control financial resources, but also capture data to quickly inform decision-making to improve business efficiency in a timely manner.

Digital Banking at Enterprises Seminar

Understanding this urgent need of the business community, BIDV has cooperated with FAST Software Joint Stock Company (FAST) to organize the Seminar “Digital Banking at Enterprises” with hot topics on digital transformation such as: Building and selecting an appropriate digital transformation model, the importance of digital transformation in corporate financial management, trend of integrating banking services into the corporate internal management system. Given its practicality, the Seminar attracted more than 200 enterprises in different business sectors, located in Hanoi and surrounding areas.

At the Seminar, PhD. Pham Anh Tuan - Corporate Digital Transformation Expert shared a lot of useful information about the digital transformation market trend through the presentation “Enterprises on digital transformation journey - From partial digitization to full synchronization”. In addition, BIDV and FAST shared specifically about BIDV’s digital banking solutions such as BIDV iBank Omni system, BIDV iConnect service, features of FAST Business Online platform and integration of BIDV iBank to FAST’s software.

Seminar’s discussion session

With BIDV iConnect, enterprises can directly use banking services on their internal management software (including accounting, financial management, human resources software, ...) electronically connected to BIDV’s digital platform. Enterprises can directly perform and use various banking services such as transfer, statement payment, bill payment, state budget payment, account inquiry, statement information and account balance change, reconciliation, etc. In the coming time, BIDV will continue to add more services to complete the corporate digital ecosystem, including: Term deposits; Foreign currency trading; Trade finance; International money transfer; Disbursement request submission on corporate platform.

The Seminar was also a great opportunity for customer sharing, comments and feedbacks towards both BIDV and FAST’s products and services. FAST and BIDV expect the Seminar has provided enterprises with useful information, supporting them in digital transformation in general as well as in applying enterprise platform solutions connected to e-banking in particular in order to facilitate faster operation, better management, cost-saving towards improving productivity and sustainable development.

On the 65th anniversary of BIDV and the 25th anniversary of FAST, various attractive incentives are offered to customers. Any enterprises opening or reactivating accounts at BIDV will enjoy waiver of account management fees, annual fees, domestic transfer fees, and salary payments on BIDV iBank. Any enterprises that are BIDV’s customers and use FAST Business Online will enjoy system connection free of charge. In addition, customers using BIDV iBank will receive a 50% discount on international transfer and trade finance fees on BIDV iBank, a preferential exchange rate of 30 points lower than the listed exchange rate applicable to all foreign currencies. Customers with the largest number of financial transactions on BIDV iBank within a month (including at least 30% of transactions made at  Mobile App) will be awarded a Macbook Air worth VND 25 million.

With convenient digital products and services, applying modern and advanced technology, BIDV has been highly recognized by many domestic and international organizations. BIDV has received many Sao Khue Awards 2022 for its digital products offered to customers and honored as “Typical Digital Transformation Bank 2021” by Vietnam Banks Association - VNBA and International Data Group Vietnam - IDG Vietnam. Recently, BIDV iBank has been honored the Most Innovative Digital Application in Vietnam in 2022 by Global Banking & Finance. This is also the second consecutive year that BIDV iBank has been honored in this category.