Nam A Bank cooperates with RAR Center, deploys authentication via VNeID

Specifically, from now on, customers can easily update and authenticate biometric information through connecting the VNeID application right on Open Banking.

The "app-to-app" feature allows customers to perform "identity verification" operations on Open Banking with "3 no's": No need to scan the ID card/citizen ID chip, no need for a phone with NFC technology and no need to go to the transaction counter.

Thus, users only need a few minutes to update biometrics and perform financial transactions such as money transfer, bill payment, savings, point of sale management... Thereby bringing convenience and speed to customers, enhancing security and safety, limiting risks in financial, credit, insurance transactions...

Nam A Bank and RAR Center cooperate in electronic authentication via VNeID

Speaking at the signing ceremony of the contract to deploy electronic authentication services between RAR Center and Nam A Commercial Joint Stock Bank, Colonel Ngo Nhu Cuong, Deputy Director of the Department of Administrative Police for Social Order, said that the connection between VNeID and Open Banking of Nam A Bank is an important milestone, demonstrating a strong step forward in promoting the application of electronic identification and authentication technology in the financial and banking sector, contributing to the realization of the national digital transformation strategy and the development of digital government, digital economy, and digital society.

“The RAR Center and Nam A Bank need to coordinate closely, promote the strengths of each party as well as resolutely carry out tasks, continue to innovate, develop more products and services applied from population data, identity cards, and electronic identification. This will be an important foundation to improve the quality of payment activities, promote socio-economic development, and at the same time bring many practical and safe utilities to people and businesses,” Colonel Ngo Nhu Cuong further emphasized.

RAR Center is a public service unit under the National Population Data Center, Department of Administrative Police for Social Order, Ministry of Public Security with the function of researching, developing and providing products applying population data and citizen identification. In particular, RAR Center provides electronic authentication services and implements Project 06/CP to ensure timely, fast, effective and in accordance with regulations on ensuring information security and safety.

The connection between VNeID and Open Banking of Nam A Bank represents a strong step forward in promoting the application of electronic authentication technology in the finance and banking sector.

Mr. Nguyen Vinh Tuyen - Deputy General Director of Nam A Bank said: "The implementation of electronic authentication service via VNeID right on Open Banking not only helps simplify administrative procedures but also connects and interconnects with many other systems, integrating multiple services. At the same time, it strengthens the security protection layer for customer accounts, affirms the leading position in technology and contributes to the goal of comprehensive digital transformation of Nam A Bank".

As one of the pioneering banks in digital transformation, Nam A Bank has continuously researched, innovated, and applied technology to modern digital banking products and services. Recently, the bank has simultaneously deployed the Happy Voice feature of balance change notification on Open Banking and notification via the Happy Box God of Wealth Speaker device, helping customers receive information about account balance changes immediately without having to open the application or read notifications on the phone screen.

In addition to Open Banking, Nam A Bank's digital banking ecosystem also includes OneBank and Robot OPBA with outstanding, advanced features, high technology content, and is positively received by customers. The bank also strengthens connections and cooperation with major technology partners to expand the ecosystem, diversify financial solutions, optimize operating costs, increase transparency, and improve operational efficiency.

In 2025, Nam A Bank will continue to implement a comprehensive financial model with two main pillars: "digital" and "green". Thereby, the Bank will gradually improve its position in the market as well as contribute to promoting cashless payments and strengthening electronic identification in the national digital transformation process.

Source: https://thoibaonganhang.vn/nam-a-bank-hop-tac-voi-trung-tam-rar-trieu-khai-xac-thuc-qua-vneid-162239.html