Seizing opportunities to leap forward with digitalization and adoption of technologies in the BFSI sector
The pace of digital transformation and adoption of technologies in the BFSI sector, especially in Banking – Finance, has been increasingly driven by the impact of Covid-19 and the fluctuations of the economy. Digital transformation offers many outstanding benefits, especially customer experience enhancement as well as optimization of costs, time, and resources for businesses, creating opportunities to leap forward in the context of fierce competition.
However, adopting technologies or digital transformation in the BFSI sector has been facing multiple challenges, from assessment, development of a digital transformation roadmap, selection of technologies and platforms to deployment, operation, as well as risk minimization during the transformation and operation of the new system. Accompanying Vietnamese financial and banking organizations over the past 25 years from the very beginning, FPT IS has been constantly developing specialized solutions for the BFSI sector, applying the latest technologies with a team of highly competent experts, affirming its position as a trusted partner to accelerate digital transformation.
Digital transformation in the BFSI sector focuses on enhancing experience
FPT IS has been constantly developing specialized solutions for the BFSI sector, applying the latest technologies with a team of highly competent experts, affirming its position as a trusted partner to accelerate digital transformation.
Benefits
Data optimization - discovery
The digital platform that collects and manages big data from different channels and touch points, allowing organizations to exploit, use for sales/marketing and product development activities, and build effective AI/ML models to deliver outstanding results.
Safety and security enhancement
Enhancing security and ensuring the integrity of important information using up-to-date technologies in identification, biometrics, end-to-end encryption, and cyber security solutions.
Customer experience enhancement
Digital transformation allows BFSI organizations to provide personalized services, execute transactions anytime, anywhere in a quick, convenient, and secure way, while increasing interaction with the customers.
Performance enhancement and cost optimization
Technologies help automate processes, digitalize data to optimize operations, reduce waiting time, minimize errors, and optimize costs and resources.
Flexibility and shortened time-to-market
Digital platforms help accelerate the process of developing and delivering new products/services to market, keeping up with market trends and maintaining competitive advantages.
Comprehensive suite of solutions
FPT IS provides comprehensive solutions from digital transformation consulting, implementation of core systems (banking, security, e-wallets), to specialized solutions for mobile banking, insurtech, as well as business solutions such as LC, Dept, teller,…
Extensive experience in implementation
Extensive experience in implementation working with hundreds of customers including the largest banks, financial institutions, securities, and insurance organizations in Vietnam
Top consulting services
Why FPT IS?
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Trusted solutions
Applicable to most sectors, trusted and used by leading corporations/businesses in Vietnam.
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Efficiency enhancement
Applying a centralized management system with online operational processes, providing transparent information between employees and managers to create cohesion inside the business.
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Multi-platform operation
Multi-platform operation capabilities (web, mobile devices), enhancing user experience and employee satisfaction.
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Time saving
Saving time and minimizing errors in attendance management; calculation of salary, taxes, insurance; and reporting.
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Process digitalization
Digitalizing more than 95% of HR management processes.
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Flexible integration
Flexible integration with global systems, internal management software, as well as tax and insurance systems of state agencies in Vietnam.
BFSI solutions
Digital Core Banking solution
- Retail Banking solutions: User Registration, My Account, Funds transfer, Payment, Cards, Loan apply, Support, Profile setting, Security, Personalization, Cheque, Promotion, Customer service, Account opening
- Wholesale banking solutions: Corporate administrative, My Account, Trade finance, Funds transfer, Payment, Treasury / Forex, Loan apply, Customer service, Support, Profile setting, Security, Personalization, Cheque, Promotion, Cash management, Contact us
- Major modules: CIF/CRM; Limit; Tax, Charges, Interest rates; Deposit; Fund transfer (FT); Collection, Payment, e-Commerce; Loan; Collateral; Foreign currency trading; Tax material; Trade finance (TF), Accounting/GL; Report
FPT L/C Blockchain Platform solution
Blockchain-based decentralized FPT L/C model.
Nodes using the FPT L/C blockchain network mainly include:
- Full Node: banks participating in infrastructure investment to become nodes of the FPT L/C blockchain network;
- FPT Node: operated by FPT, providing SaaS services to participating banks.
Full Node and FPT Node are connected to each other via the blockchain network.
Banks will choose to connect and use FPT L/C platform services via Full Node or FPT Node.
FPT L/C Blockchain Platform solution
- CIF management
- GL Accounting
- Fund transfer
- ADMIN user management
- BATCH fund management
- PIV payment invoice
- CASA deposit
- Printing management ACAP
- Term deposit (TD)
- CASH transactions
- CARD management
- Other features
State Bank Report System (SBRS)
- Complete support for reporting in accordance with regulations
- Support for importing & exporting reports in a variety of formats
- Security measures: 2-layer security, Login session validation, AD integration, LDAP, SS support
- Administrator and user features
Payment Center solution
- Core banking integration experience
- Integration protocol support
- Security measures: Compliance with OWASP guidelines, Prevention of SQL/XSS injections, Password storage using one-way hash algorithm, Integration to LDAP
- Performance: capable of handling 100K transactions/day, 20 TPS/thread, 200 concurrent users
- Message processed
- Hot function: VIP account management, Nickname management, Dashboard – Transactions summary from all sides
Credit Information Management solution – FPT.iCredit
- Compliant with CIC requirements and banks’ actual needs
- Connected with many other credit information sources (CIC, PCB, TS,…)
- Submission of credit information report to the CIC
- Centralized data management, forming a data warehouse
- Credit information portal for banking activities
- Data services for other systems: LOS, ACL, CRM, CORE
- Minimized waste and maximized use of information
OMICMS card information issuance and management system
D-Collection debt management system
Core Treasury Solution
Allows financial institutions to manage capital business activities in an easy, quick, convenient, and highly reliable way.
Major modules:
- Partnership
- Loan
- Collateral
- Deposit
- Agreed interest rate
- Foreign currency trading
- Bond issuance
- Securities trading
- Output contract
- Debt classification/provisioning
- Capital management
- Limit
- Tax, charges, interest rates, commission
- GL accounting
- Report
Core Wallet Solution
The MFS system is a core wallet system, helping financial organizations manage business activities in an easy, quick, convenient way and with high reliability.
Major modules:
- CIF/CRM
- Limit
- Tax, charges, interest rate
- Deposit
- Fund transfer
- Collection, payment, e-Commerce
- Wallet management
- Loan
- Collateral
- GL accounting
- Report
Core Treasury Solution
Allows financial institutions to manage capital business activities in an easy, quick, convenient, and highly reliable way.
Major modules:
- Partnership
- Loan
- Collateral
- Deposit
- Agreed interest rate
- Foreign currency trading
- Bond issuance
- Securities trading
- Output contract
- Debt classification/provisioning
- Capital management
- Limit
- Tax, charges, interest rates, commission
- GL accounting
- Report
InsurEZ insurance distribution platform
Acting as a center for the entire insurance process, InsurEZ connects insurance companies and distribution partners to design and distribute personalized insurance products to customers.
- Electronic & mobile device insurance
- Extended warranty insurance
- Travel Insurance
- Trip/event cancellation insurance
- Customer experience insurance
- Critical illness insurance
- Health insurance, hospital allowance
- Custom designed products
DInsurance platform to connect and support appraisal and payment of health insurance
Digitalizes medical records and health insurance claims. The main purpose of the project is to build databases and software dedicated to the inspection work of insurance companies.
- Data reception portal
- Document appraisal portal
- Appraisal and insurance payment
- Data warehouse
Our experts
A team of highly competent experts with
many years of experience in the field of BFSI solutions
Mr. Dinh Huu Hung
Deputy Director of Software Production, FPT IS
More than 16 years of experience in management and digital transformation consulting for domestic and regional businesses in many different sectors, such as Consumer Good, Pharmaceutical, Retail,...Especially in the field of Construction - Real Estate, Mr. Hung is the “captain”, leading and successfully delivering many complex projects in a record short time.
Mr. Duong Tat Toan
Technology Expert
Mr. Toan has more than 22 years of experience implementing and consulting IT systems in Vietnam and around the world. He is one of the technology experts ranked high level by FPT Group with possession of many technology certificates: TOGAF Architect certificate for IT architecture in organizations and businesses.
Mr. Le Hoang Duong
Director of the Center for Information Safety and Security
With more than 15 years of experience in the field of cyber security, Mr. Duong has involved himself in many large IT infrastructure projects in the fields of Government, Telecommunications, Finance - Banking..., and achieved various major certificates in network and security field such as CCIE #38142.
Mr. Le Viet Cuong
Security expert
Joining FPT since 2006 as a security expert, Mr. Cuong has participated in many large projects of the company for strategic customers and the government sector, such as digital signature projects with a large number of users. Vietnam and cloud-based digital signing solution for millions of users.
Success stories
With an ecosystem of more than 300 digital solutions, we are confident to accompany customers in all sectors, providing comprehensive services from consulting to implementation to completely handle business issues
Highlights - News
Technology trends in
Digital Government sector
Be our partners
With nearly 30 years of operation, FPT IS is proud to have been accompanying more than 800 customers and implementing more than 3,000 digital projects.