OCB's Open Banking model stands out at the A80 Exhibition

Mr. Pham Hong Hai - General Directorof OCB introduced digital products to the Governor of the State Bank and leaders at all levels.

Open Banking is currently considered the future of the financial industry, where banks securely share data with third parties (such as financial technology companies, businesses) through application programming interfaces (APIs) when authorized by customers. Currently, OCB is one of the pioneering banks in implementing this model with a commitment to developing APIs on a highly secure platform, strictly complying with current legal regulations, especially Circular 64/2024/TT-NHNN, to create a completely safe and transparent transaction environment.

Up to now, OCB has successfully deployed a series of convenient service products, helping businesses optimize and digitize financial activities such as: OCB VietQR; Instant collection and credit reporting; Payroll via Open API - Automate the payroll process directly on the business platform,...

The bank is also constantly expanding its product ecosystem to quickly meet market needs. A typical example is OCB Smart Merchant - Smart sales management and payment platform, one of the superior digital solutions introduced at this exhibition.

Accordingly, OCB Smart Merchant will allow businesses to proactively manage and track operations, orders, revenue, costs, debts and actual cash flow on a single platform, helping to save a series of costs from technology infrastructure, human resources, operations, while shortening processing time by up to 97% and operating costs by up to 25%, thanks to the ability to automate data reconciliation - completely replacing the manual reconciliation process that is time-consuming and prone to errors. In addition, the integrated solution of issuing electronic invoices right on the sales software helps businesses synchronize directly with the tax authority system, ensuring compliance with Decree 70/2025/ND-CP.

In particular, this digitalization helps bring transparency and accuracy to transaction data. From there, banks can access real-time data, control and evaluate business cash flow, build objective credit scores, accurately reflect financial capacity and creditworthiness. From the above database, banks can design flexible financial packages such as quick capital advances, working capital loans or credit limits. The solution is especially useful for SMEs and business households, helping them easily access capital.

As of June 30, 2025, the number of Open API connection transactions with OCB increased by 57.9% compared to the same period last year. Transaction value increased by 184.8%. Average CASA increased by 31.8%.

SBV leaders take souvenir photos at OCB booth

At the event, OCB also introduced to customers other outstanding digital products, demonstrating the bank's pioneering digital vision. These include the OCB OMNI application, integrating more than 200 features in just one platform and using the most advanced FIDO security technology today. Liobank - a digital bank dedicated to young people, stands out with unique features such as "Shake to pay" transfer and Liobank Visa 2-in-1 card integrating both debit and credit cards; Free transactions and 20% cashback when spending... along with a series of OCB credit cards that are easy to register 100% online with many modern payment utilities and a cashback program of up to 18 million VND/year, which also received great popularity from the market in general as well as at the A80 exhibition in particular.

“With the strategy of continuing to promote and focus on individual customers, business households, small and medium enterprises, startups; Leading capital sources, promoting green finance and strong digital transformation... We are proud that OCB not only simply provides separate products but also continuously creates a complete digital financial ecosystem, in accordance with the spirit of Resolution No. 68 of the Politburo on private economic development that has been issued. We expect that, with the strong transformation of the Vietnamese banking industry, where digital transformation and the driving force of innovative economic growth are considered the key to writing success stories, comprehensive financial platforms like this will be a strong difference for OCB in the market, contributing with the banking industry to create strong marks in the era of national development". Mr. Pham Hong Hai - General Director of OCB shared at the event.

Visitors experience activities at OCB booth

In particular, when visiting the booth, in addition to experiencing comprehensive digital financial solutions, visitors also receive limited edition souvenirs with the meaningful message "Independence - Freedom - Happiness". These are special gifts of gratitude that OCB wants to convey, expressing national pride.

The exhibition time is from 9:00 - 22:00 from August 28, 2025 to September 5, 2025. OCB's booth is located at Booth No. 11 - H1 - Vietnam Exhibition Center VEC, Dong Anh, Hanoi .

It is known that this year's A80 exhibition is organized on a huge scale, converging and demonstrating the country's great strides in many different fields. With the goal of recreating the glorious historical journey and important achievements of the country in the cause of building and defending the Fatherland over the past 80 years. Thereby, the exhibition will arouse the pride and heroic historical traditions of the country to motivate and inspire our nation to enter an era of rich, civilized and prosperous development.

At the exhibition space, the Banking industry - considered the lifeblood of the economy, opened up a super modern world through financial technology products. The display area of the Vietnamese Banking industry comprehensively outlined the journey of accompanying the country's construction and development. Through each stage, the industry has always played a key and flexible role in adjusting monetary policy to protect the value of the national currency. Thanks to that, the Banking industry has contributed to controlling inflation, consolidating macroeconomic stability and promoting sustainable growth. At the same time, with constant innovation, the Banking industry has also pioneered digital transformation, modernizing payment methods, thereby expanding financial access, improving people's quality of life and creating a solid launch pad for businesses on the path of integration.

Source: https://ocb.com.vn/vi/tin-tuc-su-kien/tin-tuc/mo-hinh-ngan-hang-mo-open-banking-cua-ocb-noi-bat-tai-trien-lam-a80