BIZ MBBank platform - a digital bank dedicated to businesses won 3 award categories at the same time, marking a breakthrough in comprehensive digitalization strategy and accompanying the development of the Vietnamese business community.

BIZ MBBank won three award categories at the same time.

Digitize the entire credit process - Faster, transparent, smart

BIZ MBBank is not simply a digital banking application but a financial platform that integrates AI technology, Big Data and process automation to create a smart, convenient "one-touch" experience. MB is one of the few banks in Vietnam that digitizes the entire corporate credit product process, from limit approval, disbursement, to issuing import letters of credit (L/C) - 10 times faster than the traditional way.

The entire process is handled online, transparently, without the need for paper documents and still ensuring legal compliance. MB also shortens the loan processing time to just 48 hours, with the condition that no collateral, no need to go to the bank, no need for hard copies. This is an important step forward in giving equitable access to finance to small and micro enterprises.

MB representative received Sao Khue award for the 5-star nomination category.

Data-Driven Credit Scoring - Expanding Access to Capital

The big difference of MB is that instead of relying on collateral, the bank uses a credit scoring model based on real data such as cash flow, transactions, tax records, electronic invoices, etc. Combined with AI models designed specifically for Vietnamese businesses, this method helps to assess risks more accurately and flexibly.

Millions of small businesses - who previously had difficulty accessing bank capital - now have the opportunity to access financial resources more easily and quickly, contributing to promoting financial equality and supporting the sustainable development of the business ecosystem.

MB is the bank that has completely digitized the import letter of credit (L/C) process - from consulting to issuance right on the BIZ MBBank platform. In particular, MB has applied DocAI technology to process documents using artificial intelligence in the document checking stage, helping to shorten processing time by up to 75%, while increasing accuracy and reducing operating costs for businesses.

In a field that requires high precision like trade finance, this move shows a thorough investment in technology and a commitment to improving the experience for corporate customers.

Open platform, deeply integrated into business operations

Not stopping at financial services, MB built BIZ MBBank as an open platform, directly connecting to business software such as accounting, electronic invoices, sales management software... Thanks to that, businesses can track cash flow, manage accounts, and register for loans right on the familiar operating ecosystem without having to switch applications or processes.

The fact that BIZ MBBank was honored at Sao Khue 2025 is a clear demonstration of its innovation capacity and extensive digital transformation strategy. MB is not only digitizing the bank, but is also becoming a technology partner accompanying businesses - providing a solid foundation for development, enhancing competitiveness and reaching international standards.

Source: https://dantri.com.vn/kinh-doanh/biz-mbbank-dat-3-giai-sao-khue-nho-cong-nghe-ai-va-du-lieu-lon-20250420191549693.htm