MBBank accelerates digital transformation: What benefits do Vietnamese businesses get?
At the event Digital Transformation Day of Banking Industry 2025 with the theme "Smart Digital Ecosystem in the New Era", MB Bank presented important steps in its efforts to enhance digital transformation of corporate finance.
The event, attended by senior leaders and experts, emphasized the importance of the banking industry in creating a modern digital financial ecosystem.
MB has concretized its strategy by focusing on technology and innovation. The Bank is committed to working with the Government and the State Bank to make digital transformation a core task and a driving force for sustainable development.
The outstanding solution introduced by MB is the Biz MBBank digital financial platform, developed specifically for Vietnamese businesses. This platform operates based on three core values: Speed - Safety - Unlimited Connection.
Biz MBBank is not simply an electronic banking application, but an intelligent digital financial ecosystem integrating advanced technologies such as AI, Big Data and especially DocAI.
With Biz MBBank, businesses can carry out the entire credit process - from approval, disbursement to issuance of letters of credit (L/C) - completely online, completely eliminating paper documents. This helps shorten processing time by up to 10 times. DocAI technology automates document checking, reducing processing time by 75%, while increasing accuracy and reducing operating costs.
MB also pioneered the application of a smart credit scoring model based on real business data such as cash flow, electronic invoices, and account transactions, instead of relying solely on collateral. This approach makes access to credit more flexible and fair.
The bank has announced impressive results: 100% of business credit processes are done online and capital is provided in just 2 hours maximum. The ability to clear customs in just 1 second thanks to synchronous connection with the customs system is another proof of the effectiveness of digital transformation throughout the process using AI, Big Data, DocAI technology.
Currently, MB is serving more than 350,000 businesses through Biz MBBank and more than 33 million individual users through the MBBank APP, processing up to 8 billion transactions per year.
In the future, MB aims to integrate AI more deeply into the financial decision-making process, connect with national data, expand the Open Finance platform and cooperate with e-Government to contribute to building a modern, transparent, and fully digitalized Vietnam. For MB, digital transformation is not only a development strategy, but also a historic mission to create a prosperous future for the country.