Vietcombank representative received double awards at the ABF Awards Ceremony 2025.
At the annual awards organized by Asian Banking & Finance (ABF), Vietcombank was honored in both the categories of Risk Management for Wholesale Banking and Retail Banking. In particular, the award for "Vietnam Domestic Risk Management Initiative of the Year" in the wholesale banking segment was given to Vietcombank's Model Risk Management System . In the retail banking segment, Vietcombank continued to be recognized with the award for "Risk Management Initiative of the Year" (Vietnam) for the VCB Tablet solution to authenticate customers through connecting and comparing data with the National Population Database under the Ministry of Public Security .
Model risk management system
In order to meet the requirements of compliance with international practices as well as internal needs in the context of increasing number of models and diversifying purposes of use, Vietcombank has researched and developed its own Model Risk Management System.
The system marks an important turning point in model risk management, with many outstanding features compared to existing systems on the market. With the launch of this system, model risk management at Vietcombank has undergone a remarkable change towards a more modern, focused and effective direction. The system not only supports better decision-making in risk management and business operations, but also contributes to improving the overall operational capacity of the bank in the digital transformation period.
Ms. Nguyen Thi Hong Van, Director of Risk Management Division, received the award "Risk Management Initiative of the Year" for the wholesale banking segment.
VCB Table - Customer authentication solution through connection and data comparison with the National Population Database of the Ministry of Public Security.
Vietcombank is one of the pioneering banks to successfully deploy a customer authentication solution at the counter through connection and comparison with the National Population Database. The solution was built to thoroughly resolve one of the key risks in the banking industry: The risk of falsely verifying customer identity, leading to acts of opening accounts with fake documents, impersonating others to borrow money, using accounts to launder money or defraud consumers.
The highlight of VCB Tablet is the ability to quickly and accurately identify through population data matching, helping to shorten transaction time and bring a convenient and modern experience to customers. The solution uses advanced technology platforms, operated according to international information security standards ISO/IEC 27001, ensuring the highest level of protection of biometric data and personal information.
Vietcombank representative received the award "Risk Management Initiative of the Year" for the retail banking segment.
Sharing at the ABF 2025 Awards Ceremony, Ms. Nguyen Thi Hong Van, Director of Risk Management Division, expressed her gratitude to the Organizing Committee of the Asian Banking & Finance Awards for recognizing Vietcombank's tireless efforts in innovating and improving risk management activities: "This award is not only a source of pride, but also an encouragement for us to continue to maintain the spirit of learning and absorbing international practices, especially in the context of rapid changes in the finance and banking industry".
Ms. Nguyen Thi Hong Van speaks at the ABF 2025 Awards Ceremony.
Being honored in the two important Risk Management award categories mentioned above is a testament to the efforts in innovation, application of modern technology as well as application of best practices towards sustainable development.
At the same time, it once again affirms Vietcombank's comprehensive risk management capacity in the context of a volatile market, as well as consolidates the Bank's pioneering position and leading role in the market, especially in the field of risk management.
Asian Banking and Finance (ABF) is a Singapore-based financial magazine, a member of the "Charlton Media Group" - a leading provider of B2B publications in Asia including: Singapore Business Review, Hong Kong Business, Insurance Asia, Asian Power and Healthcare Asia.
With a history of nearly 20 years, Asian Banking and Finance is an annual award honoring financial institutions in the Asia- Pacific region that have had breakthrough solutions and products, creating a highlight in the finance and banking industry, and at the same time providing positive and effective solutions for customers.
The 2025 ABF Awards brought together hundreds of financial institutions from over 30 countries, demonstrating the growing importance and competitiveness of the banking and finance sector in the Asia-Pacific region. The nominations for the 2025 ABF Awards were judged by senior leaders from leading global audit/consulting firms including Ernst & Young, KPMG, PwC, Bain & Co, BCG and Simon-Kucher.
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