In Hanoi, on November 10, 2017, Banking Training School of the State Bank of Vietnam, Bank Training and Consultancy Institute (BTCI) and Startup Vietnam Foundation (SVF) jointly organized Vietnam Annual Conference 2017 themed “Banking & Fintech: Opportunities and Challenges” under the direction of SBV Deputy Governor Nguyen Kim Anh.
Attending the Conference were about 500 representatives as leaders, policy makers, managers, experts and speakers from SBV Payment Department, SBV Information Technology Department, McKinsey & Company, Bank of East Asia, SVF, IFC and several commercial banks, namely VP Bank, MBBank, Vietinbank.
Speaking at the Conference, Deputy Governor Nguyen Kim Anh emphasized that Fintech is considered as inevitable development trend in finance and banking business worldwide due to its importance and utilities. At the same time, he said it is forecasted that Fintech will bring both opportunities for cooperation and challenges to banking operations. The realization of the effects of Fintech on banking operations will be an important premise for policy makers and leaders in the fintech and banking sector to manage and develop financial market healthily, safely and effectively in the future.
Deputy Governor Nguyen Kim Anh speaks at the Conference
The Conference focused on two main concerning topics, namely international experience in cooperation among banks and fintech companies; and sharing opportunities for cooperation among banks and fintech companies in Vietnam through 4 presentations: (i) Overview of financial services provided by Fintech companies in the world with a vision to 2025; opportunity for cooperation/challenge for traditional banking services; (ii) the power of cultural innovations transforms a traditional bank into a digital bank: the success story of Bank of East Asia; (iii) Fintech start-up in banks, why not?; (iv) Timo: a successful model of cooperation between Fintech and bank in Vietnam.
At the conference, experts and representatives from Fintech companies, policy makers and management units exchanged their views, discussed and shared their experience in management and the trend of developing Fintech field, effects of technological changes on finance sector, opportunity for cooperation among Fintech and banks, and etc.
The annual conference was one of highly appreciated events in Vietnam’s finance and banking sector with persistent commitment of “supporting and promoting the development of banking experts with international standards, morality, global visibility, while enhancing competitiveness and integration of Vietnamese banks.
Le Hang