Vietnam's Digital Security Revolution: Drona Pay and SBV Decision 2345

Vietnam's digital banking landscape is growing fast — fueled by efforts such as Project 06 and a robust thrust toward digital identity. But that growth also necessitates tougher countermeasures against fraud and cybercrime.

The State Bank of Vietnam's Decision No. 2345/QD-NHNN (Decision 2345) is an important step in this direction. It requires biometric authentication for any transaction exceeding VND 10 million (or aggregate daily limits over VND 20 million) — a new era of secure digital banking. Coupled with the AML Law of 2022, these rules redefine the way financial institutions protect identity and track risk.

That's where Drona Pay comes in. Our cloud-native, real-time risk platform allows Vietnamese banks and other financial institutions to remain completely compliant — while safeguarding every digital transaction.

1. Enhanced Account Security

Decision 2345 calls for tighter identity verification — not only biometrics, but complete safety from account takeovers.

Drona Pay integrates an intelligence layer into authentication:

Behavioral Biometrics: Continuously monitors user behavior such as typing rhythm and navigation speed to detect anomalies in real-time.

Device & IP Risk Checks: Identifies unsafe signs like foreign IPs, unfeasible travel, or device cloning prior to activation of biometric gates.

This means that each transaction is not only authenticated by face or fingerprint — but by reliable behavior.

2. Real-Time AML Compliance

In accordance with Vietnam's AML Law (2022) and Circular 09/2023/TT-NHNN, banks are required to identify and report suspicious transactions near real-time.

Drona Pay's AI-based AML module guarantees:

Real-Time Monitoring: Flags high-risk patterns such as fast fund movement or transactions slightly below reportable thresholds.

Configurable Rules: Simple setup and easy update of limits for large-value transactions (VND 400M+), with instant alerts and compliance.

3. Risk-Based Customer Management

Circular 09 mandates FIs to segment customers according to money-laundering risk.

Drona Pay facilitates an actual Risk-Based Approach:

Gets all customer data from all channels into a single risk view.

Continuously updates behavior and transaction-based risk scores, ensuring timely and accurate CDD and compliance.

4. Transparent and Auditable Reporting

Vietnamese law also requires complete traceability and record-keeping.

Drona Pay makes it easy with:

Integrated Case Management: Centralized investigations and automated reporting.

Audit Trails & Mule Tracking: Tracks each analyst action and charts financial crime networks using Graph Analysis.

Vietnam's financial future relies on trust — and Drona Pay makes it happen.

By synchronizing sophisticated AI detection with Decision 2345 and AML Law standards, we enable banks to safeguard customers while embracing Vietnam's digital revolution safely.