OCB Bank stands out at the National Achievement Exhibition

(Chinhphu.vn) - Orient Commercial Bank (OCB) was honored to participate in the National Achievement Exhibition with the theme "80 years of Independence - Freedom - Happiness" opening on August 28 in Hanoi. OCB brought to the exhibition a series of superior digital financial products, notably the Open Banking model, creating a comprehensive digital ecosystem for individual and corporate customers.

Mr. Pham Hong Hai, General Directorof OCB , introduced digital products to the Governor of the State Bank of Vietnam and leaders at all levels - Photo: VGP/PD

Open Banking is now 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) with customer permission.

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.

SBV leaders take souvenir photos at OCB's booth - Photo: VGP/PD

OCB improves service quality

Accordingly, OCB Smart Merchant allows 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; at the same time, shorten 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 solution of integrating electronic invoice issuance 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 in transaction data. From there, banks can access real-time data, control and evaluate the cash flow of businesses, 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 lines. 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%.

Visitors experience products at OCB booth - Photo: VGP/PD

OCB pioneers digital banking

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.

With the strategy of continuing to focus on individual customers, business households, small and medium enterprises, startups; leading capital sources, promoting green finance and strong digital transformation... 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 comprehensive financial platforms like this to be a strong differentiator for OCB in the market, contributing to the banking industry in creating strong marks in the era of national growth," said Mr. Pham Hong Hai, General Director of OCB.

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.

Phuong Dung

Source: https://baochinhphu.vn/ngan-hang-ocb-noi-bat-tai-trien-lam-thanh-tuu-dat-nuoc-102250829135531846.htm