Posts From Fintech News Vietnam
Open Banking Makes Inroads in Vietnam
In Vietnam, banks are becoming increasingly aware of open banking and recognizing the need to embrace open APIs to keep up with the rapidly evolving financial landscape. So far, at least two local banks have launched developer portals and are
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Swiss IT Firm Zühlke Expands Its Global Network With New Vietnam Office
The Zühlke Group, a Swiss-based IT service management company, announced the opening of a new office in Ho Chi Minh City, Vietnam scheduled for the first half of 2021. This latest addition has grown its network to 16 offices in
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MoMo Eyes Super App Status With the Close of US$100 Million Funding Round
Vietnamese e-wallet MoMo announced that it had raised US$100 million during its Series D funding round co-led by Goodwater, a Sillicon Valley fund and Warburg Pincus, according to a report by Reuters. New investors include Goodwater Capital, Kora Management and
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Contour Pilots Blockchain-Based Transaction in Vietnam
Contour, a blockchain trade finance network that’s formerly known as Voltron, announced that it has completed a pilot transaction between two textile companies with its blockchain network. The transaction was conducted between Tainan Spinning based in Taiwan and Century Synthetic
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Vietnam’s Financial Sector Ramps up Digitisation Efforts
In Vietnam, COVID-19 has driven a sharp upturn in demand for tech infrastructure and digital capabilities as banks accelerate their digital transformation, experts said during a panel discussion. During a webinar hosted by Finastra, experts from the industry shed some
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Shinhan Bank Vietnam Taps Finastra to Bolster Its Trading and Risk Platforms
Finastra, a financial services software and cloud solutions provider, announced that Shinhan Bank Vietnam has chosen to integrate its trading and risk platforms with the former’s Fusion Kondor and Fusion Risk solutions. The flexibility and efficiency offered by these solutions
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ABD: Low Financial Literacy Hampering Fintech Adoption in Vietnam
A new research conducted by the Asian Development Bank Institute (ADBI) has revealed a correlation between financial literacy and fintech adoption in Vietnam. The report calls for the country to put more effort into general and financial education programs to
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2020 Fintech Vietnam Report and Startup Map: Fintech Startups Tripled since 2017
Vietnam’s fintech startup landscape more than tripled in size between 2017 and 2020, growing from 44 startups in 2017 to now 118 startups, according to a new report produced by Fintech News Singapore. The Vietnam Fintech Report 2020 delves into
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Digital Banking Heats up in Vietnam Amid COVID-19, Booming E-Commerce Sector
In Vietnam, digital banking development is accelerating on the back of rapid fintech adoption, a booming e-commerce industry and the COVID-19 pandemic. Social distancing measures put in place to prevent the spread of the virus have pushed consumers towards online
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Korea’s $2 Billion Unicorn Toss Join Forces With CIMB Bank Vietnam For In-App Banking Solution
Alongside big names like China and Singapore, South Korea is a rising star in the Asian tech giant battlefield. This nation of 50 million people is known for its tech-savvy population and general wealth – unsurprising for a country that
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