SBV forms FinTech steering committee
The Saigon Times Daily
HCMC - Le Minh Hung, governor of the State Bank of Vietnam (SBV), has decided to establish a financial technology (FinTech) steering committee in charge of proposing solutions, strategies, plans and policies for FinTech development in the country, VnExpress reported.
Nguyen Kim Anh, deputy governor of SBV, is director of the steering committee and Nghiem Thanh Son, deputy head of the Payment Department, is his deputy.
The growing integration of technology and finance in Vietnam requires a legal corridor and policy for banks and businesses to develop.
The FinTech steering committee will be responsible for helping the SBV governor to devise measures and policies for developing FinTech companies in Vietnam.
Financial technology (FinTech) is an industry comprising companies that use new technology and innovation to improve competition in the marketplace of traditional financial institutions.