On September 5, the State Bank of Vietnam (SBV) disclosed detailed information regarding the results of biometric matching and the status of fraud and manipulation in the banking sector.
As of August 15, the banking sector had collected and biometrically matched over 123.9 million individual customer records (CIF). Image: DNSE |
The SBV has directed the entire banking sector to proactively collect and biometrically match customer information with the National Database on Population (NDBP). It mandated that all personal and organizational payment accounts undergo biometric matching when registering for digital transactions.
As of August 15, the banking sector had biometrically matched over 123.9 million individual customer records (CIF), representing a 100% match for all individual customer payment accounts with digital transaction activities. For organizational customers, over 1.3 million records were biometrically matched, covering 100% of organizational customer payment accounts with digital transaction activities.
This initiative has yielded positive outcomes in data cleansing, with a reduction of over 59% in fraud cases and a decrease of 52% in accounts associated with manipulation compared to pre-biometric matching implementation.
The National Credit Information Center (CIC) collaborated with C06, the Ministry of Public Security, to complete six offline data cleansing batches, encompassing approximately 57 million customer records. Sixty-three credit institutions and foreign bank branches have implemented CCCD chip-enabled cards via counter devices. Fifty-seven credit institutions and thirty-nine payment intermediaries have adopted CCCD chip technology through mobile applications. Additionally, thirty-two credit institutions and fifteen payment intermediaries are in the process of integrating VNeID.
In the first seven months of 2025, compared to the same period in 2024, ATM transactions decreased by 15.83% in volume and 4.97% in value, indicating a shift in consumer preferences away from cash withdrawals and towards cashless payment methods.
NGOC DIEP
– 16:39 05/09/2025
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