Sacombank continues to be honored by The Asian Banking and Finance

Comprehensive digital transformation has been one of Sacombank's strategic objectives in recent years. Besides enhancing management and operations capabilities, it is also the "key" for Sacombank to develop its digital banking service ecosystem, providing optimal experiences for customers, especially small and medium enterprises (SMEs) – a significant segment of Sacombank's corporate customers as well as the number of businesses in Vietnam.

Currently, nearly 150,000 businesses have trusted Sacombank's electronic services (Internet Banking) due to their high security, safety, and various features that effectively meet financial needs such as opening accounts, domestic payments, international transfers, and issuing L/Cs. Notably, diverse authentication methods and approval models range from single to multi-level, suitable for micro SMEs to larger SMEs. All transaction documents and invoices on Sacombank's electronic channels are digitally signed by the bank using public digital signatures. Additionally, Sacombank's electronic invoices also provide a [.xml] format, making it easy for businesses to communicate information with tax authorities.

Sacombank has applied modern technologies such as OCR (Optical Character Recognition), RPA (Robotic Process Automation), digital signature authentication, and an eKYC platform to support customers in quickly performing tasks without needing to visit a branch or manually enter data when registering online accounts and associated services.

To date, Sacombank has issued nearly 42,000 corporate cards, which significantly aid businesses in effectively managing finances by separating personal and business expenses, meeting short-term capital needs, and offering attractive incentives from affiliated partners.

With many smart payment solutions from Sacombank, such as online payment gateways, POS machine payments, Tap to Phone services, and Sacombank QR Pay, businesses' trading and sales activities have become faster and more efficient.

Moreover, Sacombank has upgraded its international payment transaction inquiry service via SWIFT GPI directly on the Sacombank website and the beneficiary information verification service before international payments (Swift Pre-validation) to help avoid errors in overseas transfers and minimize risks arising from payment delays. Notably, the SWIFT GO international transfer service has been launched for both individual and corporate customers, offering quick procedures and low costs. Beneficiaries abroad can receive money at linked banks within a maximum of 4 hours.