Founded in 1957 and listed on the Ho Chi Minh stock exchange since 2014, Bank for Investment and Development of Vietnam (BIDV) was the first commercial bank established in Vietnam. As a universal commercial banking group with affiliates in insurance and securities, BIDV is currently the largest bank in the country in terms of total assets.
Using Bankers Almanac Counterparty KYC, the bank can evaluate their counterparties in the shortest possible time, which creates efficiencies in the onboarding and on-going review processes. In their own words, their team can now work much more efficiently with up-to-date data and can well identify risks and are also able to strengthen our due diligence on counterparties and that is contributing to the performance of their team.
The solution has been essential to the Bank’s success:
Learn more in this case study.