TOPIC 7: APPLICATION OF FINTECH TECHNOLOGY IN THE FINANCIAL SECTOR
11/08/2022
APPLICATION OF FINTECH TECHNOLOGY IN THE FINANCIAL 1. FINTECH TECHNOLOGY APPLICATION IN THE FIELD OF FINANCE SBV: IStarting from 2021, banks and Fintech solution providers are anticipated to be officially approved to participate in the Fintech Operation Trial Mechanism within the banking sector. Per the Draft Decree, eligible Fintech areas for the Trial Mechanism encompass Payment, Credit, Peer-to-Peer Lending (P2P Lending), Customer Identification Support, Open Application Programming Interfaces (Open API), and innovative solutions like Blockchain, among other services that bolster banking operations (e.g., credit scoring, savings, capital mobilization). The trial period for Fintech solutions ranges from 1 to 2 years,...