The Banking sector is undergoing strong changes in the Digital Transformation process, bringing many benefits and conveniences to Individual and Business customers. It is creating a wave of new payment and savings-opening trends in the community.

Let’s join Kompa in reviewing the report discussing digital transformation trends in the Banking sector in Q1 2023.

In general, the volume of discussions about Digital Transformation in the Banking sector in Q1 2023 was mainly concentrated in March. This is the period for summarizing business data, showing the significant impact of Digital Transformation activities on the business situation of enterprises. Banks are still racing on the journey of applying Digital Transformation, with Techcombank standing out (Global Finance honored it as the “Best Digital Bank in Vietnam for customers”; Techcombank was recognized by IDC (IDC Financial Insights Innovation Awards) as the “Best Customer Engagement Bank in Asia”). BIDV Bank (BIDV launched the first digital bank for children in Vietnam, DigiUp – an incentive program for Digital Transformation Businesses).

Techcombank holds the first position with the highest number of discussions (692 discussions). Vietcombank ranks second, followed by SHB, OCB, and Agribank. These are also the five banks actively participating in digital transformation in Q1 2023. Overall, banks are all very proactive and making strong efforts in this difficult and challenging digital transformation race, which also offers countless opportunities.