International experience in management digital lending of commercial banks

Abstract

The digital transformation project in the banking sector has provided impetus for Vietnam’s
commercial banks to vigorously implement digital-based business products, one of which is digital lending.
Therefore, the State Bank of Vietnam issued Circular 06/2023/TT-NHNN on June 28, 2023, with the aim of
establishing a legal framework for this lending activity. This study is based on the synthesis of information
disclosed by central banks and monetary authorities of various countries, including China, India, and
Singapore regarding the management of digital lending in commercial banks. Drawing from international
experiences, the author provides recommendations for state management to effectively regulate digital
lending in Vietnamese commercial banks.