The RegTech technology development in the banking and finance sector in Vietnam: Bachelor thesis of Banking and Finance / Huynh Thi Ngoc Anh ; supervisor Nguyen Minh Nhat

THE STATE BANK OF VIETNAM

BANKING UNIVERSITY OF HO CHI MINH CITY

GRADUATION THESIS

THE REGTECH TECHNOLOGY DEVELOPMENT IN THE BANKING AND

FINANCE SECTOR IN VIETNAM

Major: FINANCE – BANKING

Supervisor: Dr. NGUYEN MINH NHAT

Student: HUYNH THI NGOC ANH

Student ID: 030805170278

Class: HQ5 – GE08

HO CHI MINH CITY - 2022

THE STATE BANK OF VIETNAM

BANKING UNIVERSITY OF HO CHI MINH CITY

GRADUATION THESIS

THE REGTECH TECHNOLOGY DEVELOPMENT IN THE BANKING AND

FINANCE SECTOR IN VIETNAM

Major: FINANCE – BANKING

Supervisor: Dr. NGUYEN MINH NHAT

Student: HUYNH THI NGOC ANH

Student ID: 030805170278

Class: HQ5 – GE08

HO CHI MINH CITY - 2022

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RESEARCH GUARANTEE

I hereby declare that this thesis is my own research work. The thesis with the

topic " THE REGTECH TECHNOLOGY DEVELOPMENT IN THE BANKING

AND FINANCE SECTOR IN VIETNAM " was carried out by the author under the

guidance of Dr. Nguyen Minh Nhat. The research data in the thesis is compiled by the

author from many different reliable sources such as: State Bank, Vietnam science and

technology magazine.

Once again, I hereby declare that the content of the thesis published below has

not been made without unauthorized copying of anyone else's research. At the same

time, this thesis has never been published in any form or used to defend a bachelor's

degree at any university before. The author guarantees that the research results of the

thesis are independent and truthful.

I hereby declare and fully accept

Supervisor The Author

Anh

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ACKNOWLEDGMENTS

In the past time, thanks to the favorable conditions of Banking

University of Ho Chi Minh City, I would like to thank all the professors at

the university for having conveyed me a lot of useful knowledge and

experience over the past fouryears, especially Ph.D.Nguyen Minh Nhat - the

instructor who has wholeheartedly instructed me to complete this thesis well

Last but not least, I express my deepest gratitude to my parents for teaching

me everything that makes me who I am today. Furthermore, I am grateful to my

mother for her close support and encouragement throughout this study.

I wish you all health and success in the career of growing people.

Best regards

The Author

A

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PICTURE LIST

Figure 1: Need of RegTech ...............................................................................2

Figure 2: RegTech investments over the years..................................................5

Figure 3: Some technologies supported by RegTech........................................6

Figure 4: Benefits of reporting tools .................................................................7

Figure 5: Some benefits on the World.............................................................12

Figure 6: RegTech market segments – proportion RegTech solutions used by

Fis ................................................................................................................................16

Figure 7: RegTech solutions that financial institutions have experience with

and areas where RegTech providers offer their services.............................................17

Figure 8: RegTech market segments – proportion RegTech solutions offered

by RegTech providers..................................................................................................17

Figure 9: Year of RegTech solution going live first (left) and number of

financial institution clients...........................................................................................18

Figure 10: Main effects of using RegTech solutions ......................................21

Figure 11: The key reasons to implement Regtech .........................................22

Figure 12: The main reasons using RegTech ..................................................23

Figure 13 : Learning machine..........................................................................25

Figure 14: Obstacles and operational challenges per RegTech segment ........33