How the State Bank of Vietnam reduced false positives by 65% and integration time by 80% in national AML detection with AIDATACY’s encrypted collaboration engine

The State Bank of Vietnam (SBV) was facing a growing challenge: increasing transaction volumes and stricter AML regulations were making interbank data sharing both operationally complex and privacy-sensitive.
Existing AML systems could not cross-check high-risk accounts in real time without exposing confidential data.

To address this, SBV partnered with AIDATACY to design a new model for secure, encrypted interbank collaboration.
Using Fully Homomorphic Encryption (FHE), AIDATACY enabled banks to verify transactions against a national risk database without decrypting or revealing any data.
The system, deployed over six months, processed more than 1 million encrypted IBANs, comparing plaintext and FHE environments to prove performance parity.

The results were conclusive: false positives dropped by 65%, integration time was reduced by 80%, and real-time monitoring was achieved with full compliance to FATF Recommendations 10, 15 and 20.
Comparable to Mastercard’s IMDA PET Sandbox (2023), this project demonstrates the feasibility of encrypted regulatory collaboration - a major milestone toward a national confidential-compliance infrastructure.

→ Download the full use case to discover how AIDATACY helped SBV solve real-time AML challenges under full encryption.