MB showcases comprehensive financial solution Biz MBBank at Digital Transformation Day event
Vietnam's leading bank MB on Thursday introduced its latest digital technology solutions, notably the Biz MBBank digital financial platform, at the "Smart Digital Ecosystem in the New Era" event organized by the central bank.
The digital technology solutions the military-run bank showcased aim to promote comprehensive digital transformation and enhance competitiveness for the private economic sector.
The Biz MBBank digital financial platform is a digital banking application exclusively for businesses.
The event was attended by Prime Minister Pham Minh Chinh; President of Hungary Sulyok Tamas; Nguyen Thi Hong, Governor of the State Bank of Vietnam (SBV) - the country's central bank; leaders of ministries, state agencies, commercial banks, and international organizations; and banking experts.
MB's technology booth receives Prime Minister Pham Minh Chinh and SBV Governor Nguyen Thi Hong at the "Smart Digital Ecosystem in the New Era" event on May 29, 2025. Photo courtesy of the bank.
Digital transformation in a comprehensive, synchronous way
Following the success of the event “Banking Industry Digital Transformation Day 2024”, the 2025 event, themed “Smart Digital Ecosystem in the New Era”, marks a milestone review of the implementation of the SBV's Decision 810/QD-NHNN and the orientation of digital transformation to 2030.
Taking place in the context of major resolutions like the Politburo's Resolution 57-NQ/TW having been introduced, the event demonstrates the banking industry's strong determination to play a pioneering role in creating a modern digital financial ecosystem, enhancing Vietnam's position on the international arena.
Following to the SBV's direction, MB has concretized its digital transformation strategy by focusing on technology and innovation, actively launching internal competitions and spreading digital thinking throughout its system.
Thousands of staff have been trained to develop a culture of data-based decision-making, aiming to make digital, comprehensive and all-people transformation.
MB is committed to accompanying the Government and the SBV to make digital transformation a core task and a driving force for sustainable development in the finance and banking sector.
Technology advancement offers unlimited connection, super speed for Vietnamese enterprises
At its technology booth, MB introduced the Biz MBBank platform – a comprehensive financial solution developed specifically for Vietnamese enterprises with three core values: speed, safety, and unlimited connection.
Biz MBBank is not only an e-banking application but also a smart digital financial ecosystem, integrating modern technologies such as AI, Big Data and DocAI.
The solution allows businesses to carry out the entire credit process, from approval, disbursement to issuance of letters of credit (L/C), completely online, without using paper documents.
Processing time is shortened by 10 times compared to traditional methods. In particular, DocAI technology helps automate the document checking process, shortening processing time by 75%, increasing accuracy, and minimizing operating costs.
MB has also deployed a credit scoring model based on real data such as cash flow, electronic invoices, account transactions - instead of depending on collateral - making access to credit more flexible and fair.
Event impression: MB's technology capacity affirmed
MB’s technology booth was honored to receive Prime Minister Pham Minh Chinh. The Prime Minister's presence demonstrates the special attention of state leaders to modern digital financial solutions serving businesses.
MB’s solutions not only reflect outstanding technological capabilities but also create high practical value, effectively serving businesses of all sizes.
Some outstanding results MB announced at the event:
- 100% of business credit processes are done online, with funding provided in only two hours at maximum.
- Customs clearance made in only one second, thanks to synchronous connection with the customs system.
- Automating the entire process with AI, Big Data, DocAI technology.
- Smart credit scoring based on cash flow, electronic invoices, tax records, regardless of collateral.
MB representatives attend the Digital Transformation Day 2025 event, organized by the SBV, May 29, 2025. Photo courtesy of the bank.
Mission of serving and social responsibility
With the philosophy of “Customers as the center”, MB identifies digital transformation as not only technological innovation but also the responsibility to serve customers, businesses and the community.
MB is operating two large digital platforms: Biz MBBank serving more than 350,000 businesses and APP MBBank serving more than 33 million users, processing up to 8 billion transactions per year.
In the future, the bank aims to deeply integrate AI into the financial decision-making system, connect with national data, expand the Open Finance platform, and cooperate with e-Government, thereby contributing to building a modern, transparent, and comprehensively digitalized Vietnam.
MB representative, Vu Hong Phu, stated: "Digital transformation is not only a development strategy, but also a historical mission of MB in the journey to create a prosperous future for the country."
