Vietnam's Open Banking Era Is Here: Are You Ready?
Partner with us to transform Vietnam's Open Banking mandate into a strategic opportunity. WSO2 empowers your bank to move beyond compliance, leveraging a secure, customer-centric framework to drive innovation, foster enhanced financial inclusion, and unlock the full potential of a collaborative ecosystem.
Open banking:
Your business advantage
With the State Bank of Vietnam’s push towards Open Banking and digital finance, now is the moment to transform compliance into market leadership and sustainable growth.
Open Banking is a strategic turning point. It's about securely sharing customer-permissioned data via standardized APIs, transforming a regulatory requirement into a powerful engine for innovation and competitive advantage.
Accelerate revenue and innovation
Foster new business models, embedded finance, and personalized products through strategic partnerships and API-driven collaboration.
Drive financial inclusion
Expand credit access and digital services to underserved segments by leveraging richer customer data with explicit consent.
Expand customer reach
Access new customer segments and demographics by leveraging the extensive channels and networks of fintech partners, rather than building new infrastructure.
Secure growth and future-proof operations
Implement security-by-design, robust consent management, and continuous fraud detection to ensure compliance and future relevance.
We understand the intricacies of the Vietnamese regulatory landscape and the unique operational challenges. Our comprehensive solutions are designed to guide your bank from compliance readiness to strategic leadership in the Open Banking era.
The technology blueprint
API management
Effectively design, secure, and manage the lifecycle of your APIs. A robust API management platform is crucial for controlling access, monitoring usage, and ensuring the performance and scalability necessary for Open Banking interactions and broader digital initiatives.
Data analytics and insights
Transform raw financial data into actionable intelligence. Leveraging advanced analytics enables deeper customer understanding, personalized product development, enhanced risk assessment, and new revenue opportunities from aggregated, consented data.
Strong customer authentication (SCA) and consent
Implement advanced authentication methods and a transparent consent management system. This ensures secure customer interactions and granular control over data sharing, crucial for both regulatory compliance and building user trust.
Cloud native infrastructure
Build for agility, resilience, and scale. A cloud-native approach, utilizing microservices and containerization, provides the flexibility to rapidly deploy, manage, and evolve your Open Banking solutions, adapting quickly to market demands and regulatory changes.
Once these core components are in place for Open Banking, they can be leveraged across your organization to drive a wide range of digital transformation initiatives, extending their value far beyond initial compliance.
Vietnam’s technical advantage:
Navigating compliance
Vietnam’s Open Banking framework, anchored by Circular 64, establishes clear technical requirements to ensure interoperability, security, and innovation. Explore the key specifications that will define your bank’s success.
SBV Open API standards
Compliance with State Bank of Vietnam–mandated RESTful APIs, JSON data formats, and ISO 20022 ensures seamless integration and alignment with global best practices.
Circular 64 framework
The regulation defines essential API categories (market data, customer data, payments & e-wallets) and sets interoperability requirements across the banking ecosystem.
Authentication & authorization
Secure access is enforced through OAuth 2.0 and OpenID Connect, combined with robust customer consent management to give users full control of their data.
Security & encryption profiles
Circular 64 mandates TLS 1.2+, digital signatures, and compliance with ISO 27001 security frameworks, ensuring trust, resilience, and data integrity across all interactions.
Powering success through partnership
Collaboration is key to Open Banking's success in Vietnam. We connect leading financial institutions with expert System Integrators, ensuring seamless implementation and accelerated innovation.
Your implementation journey simplified
While we provide robust Open Banking technology, your bank's specific implementation benefits from specialized expertise. Leverage our extensive network of global and regional System Integrator partners. They are ready to deliver tailored solutions, ensuring your compliance and strategic advantage.
Join our growing ecosystem
We welcome more innovative SIs to our network. Partner with us to expand your reach and expertise in Vietnam's dynamic Open Banking landscape. Leverage our cutting-edge platform to deliver high-value solutions, unlock new business opportunities, and drive digital transformation for financial institutions across the country.
Explore Partnership
Existing partners showcase
Unlock what’s ahead
Experience personalized open banking
Experience a personalized demonstration of Vietnamese Open Banking. Witness firsthand how our platform navigates compliance and unlocks new business potential. Your demo will be tailored to your bank's specific needs and use cases.
Your questions answered
Addressing key concerns of Vietnamese banking leaders
Proven across global
open banking markets
Vietnam's open banking journey isn't starting from zero — and neither are we. WSO2 has navigated open banking compliance across multiple regulatory regimes globally, so Vietnamese banks get battle-tested technology and hard-won implementation expertise.
