Vietnam’s biometric authentication for financial transactions reach 600K a day

Vietnam’s government-owned biometric authentication platform VNPT now processes an average of 600,000 KYC check requests per day, with busiest days seeing over a million requests, according to Vietnam News. It has served over 100 financial institutions, telecom, and e-commerce entities and has digitally identified over 40 million people in the past half-decade.

VNPT's face biometrics ranked in the top 15 in the kiosk categories in both the 1:1 and 1:N benchmarks in late-2022 updates of the NIST Face Recognition …

authentication biometric biometric-authentication biometrics biometrics news check commerce e-commerce entities face biometrics facial authentication facial recognition financial financial institutions financial services government identity verification institutions kyc people platform processes requests telecom transactions vietnam