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Tailored to business

Released at: 23:46, 02/11/2014

Tailored to business

A breakthrough version of internet banking services for the corporate clients of the State giant VietinBank has been launched.

With a track record of doing business in finance and banking and an eagerness to provide best-in-class banking services, VietinBank has pioneered the implementation of e-banking services in Vietnam.

The bank recently launched VietinBank eFAST, a world-standard, in-house internet banking service tailored to the ever-growing needs of corporate clients. The product is designed to support business transactions anytime, anywhere via the internet and mobile phones, tablets and PCs. Its customisable user interface application is compatible with all smart devices. 
Based on oriented architecture technology and HTML5, CSS3 and Spring, customers can use VietinBank eFAST directly without the need to install software. 

The product features a user-friendly diamond-shaped interface which supports Vietnamese, English and Japanese languages and allows switching between languages during use. According to the Deputy Head of the State Bank of Vietnam’s Payment Department, Hoang Tuyet Minh, VietinBank is one of the leading banks in applying cutting-edge technologies into payment services through the introduction of groundbreaking e-banking products. “VietinBank eFAST is a step forward in providing e-banking services that suit business needs, matching the government-approved commitment to spurring non-cash payments,” Mr Minh said.

In addition to traditional services such as remittances, term deposits and loans repayments, the bank has deployed a raft of new online services that include trade financing, supply chain financing, e-tax payments, automatic capital disbursements, and more.  

These online packages are tailored to business needs and only a few banks in Vietnam can offer these services as they demand effective co-ordination between diverse and specialised business units both within and outside of the banking sector. 

The solutions provided by eFAST enable businesses to optimise cash flows and have all information at their fingertips to ensure the delivery of informed business decisions.
All eFAST functions are subject to meticulous security checks before being implemented. VietinBank eFAST applies SSL, login password, and one-time password via RSA security tokens to authenticate users in transactions, ensuring that all data and transactions are encrypted and strictly confidential. “There are prevailing advantages for businesses brought about by eFAST, and for the first time this is provided by a Vietnamese bank,” said the bank’s Deputy General Director Pham Huy Thong. “Our bank is proud to supply corporate clients with a convenient online transaction channel capable of keeping pace with the current fast-changing business environment.”

To mark the occasion, VietinBank is offering corporate customers and newly-registered service users special promotions with attractive transfer charge schemes and cash bonuses.

More than 1.3 million individual customers and over 20,000 corporate clients have registered to use VietinBank’s eBank services. Each year over 5 million transactions are handled via the eBank channel, totalling VND180,000 billion ($8.6 billion) in transaction volume. During 2012-2013 the bank scooped the prestigious Best Digital Bank Award and Bank with the Best Security System Award from the International Data Group (IDG Vietnam).

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