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APPLICATION OF AI TECHNOLOGY IN AUTHENTICATION OF ONLINE TRANSACTIONS

April 1, 2024

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APPLYING AI TECHNOLOGY IN AUTHENTICATION OF ONLINE TRANSACTIONS
👉 By 2023, non-cash payments in Vietnam will reach about 11 billion transactions
👉 The number of transactions increases by 50% compared to 2022 with a total transaction value of more than 200 million billion VND
👉 27 million payment accounts and 12.9 million active cards issued using eKYC method

❌ However, technological development has placed higher requirements on the customer identification process, transaction security and fraud prevention, payment risks to limit risks for users.

On December 18, 2023, the State Bank of Vietnam issued Decision 2345/QD-NHΝΝ on implementing safe and secure solutions in online payments and bank card payments.

So, how should businesses providing services to customers pay attention and adjust to ensure compliance with this new Decision?

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