FPT.IDCheck is continuously honored with prestigious awards
Comprehensively addressing the problem of electronic identity authentication, the Anti-fraud solution for digital identity verification – FPT.IDCheck, developed by FPT Information System Corporation (FPT IS), has been honored in Top 10 Sao Khue Awards 2023 (Vietnam ICT Excellence) and the 2023 Asia-Pacific Stevie Awards.
FPT.IDCheck scores points for its uniqueness, technology, and outstanding potential
Out of more than 180 award-winning products, FPT.IDCheck is honored to be in the Top 10 Sao Khue (Top 10 best products at 2023 Sao Khue Awards). Participating in this prestigious award for the first time, FPT.IDCheck has quickly affirmed its reputation and value as an important solution to a key problem of the country.
FPT.IDCheck was launched in the context of the Prime Minister issuing Decision No. 06/QD-TTg approving the Project of “Developing applications of population data, electronic identification and authentication serving the national digital transformation for the period 2022 – 2025 with vision to 2030″ (Project 06/CP). In particular, the exploitation and use of population data, electronic identification and authentication are of great significance in serving socio-economic development and the national digital transformation, and gain immediate and long-term benefits for building the e-Government model towards digital government model for the period of 2022 – 2030.
In response to Project 06/CP, as of December 2022, the Vietnam Ministry of Public Security has issued nearly 80 million chip-based ID cards over a total population of nearly 100 million. Up to now, chip-based ID cards have been integrated with many services such as insurance, driving license, household registration book, and many others, allowing the people to carry out administrative procedures and transactions in an easy, accurate, and effective way.
In such context, FPT.IDCheck – a solution for verification of data of chip-based ID cards and facial recognition with 100% accuracy – is considered a solution with outstanding development potential, as it properly responds to the increasing demand for identity verification in a wide variety of fields such as Banking – Finance, Insurance, E-commerce, Real Estate…, as well as businesses or organizations in need of identity verification such as schools, notary offices, or hospitals.
FPT.IDCheck is honored in the Top 10 Sao Khue Awards 2023.
In terms of uniqueness, FPT IS is currently the first private enterprise in Vietnam to fully comply with all technology and security standards and be licensed by the Vietnam Ministry of Public Security to provide chip-based ID card verification services. In September 2022, FPT IS has signed a cooperation agreement with the Research and Application Center for Residents Data (RAR), C06, Vietnam Ministry of Public Security, to widely deploy the FPT.IDCheck solution across the country.
In terms of technology, FPT.IDCheck has been developed with the most advanced identity verification technologies. To achieve 100% identification accuracy, in addition to being developed on the basis of the Vietnam Ministry of Public Security’s chip-based ID card verification application platform, FPT.IDCheck also integrates the most advanced technologies such as AI technology that is fully compliant with the ISO-30107 biometric presentation attack detection standard, the OCR technology that automatically extracts all information from photos of both sides of the ID card and automatically reads and analyzes the MRZ string, the Near-field Communication (NFC) technology that reads data from the chip-based ID card and is compliant with ICAO 9303 standard…
A comprehensive solution to the identity verification problem
Launched for just about a year, however, FPT.IDCheck has successfully proven its effectiveness and applicability. The solution has been selected by many large organizations and enterprises in Vietnam such as VietCredit Finance Joint Stock Company (VietCredit), JACCS International Vietnam Finance Company Limited (JACCS), or Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank). The solution has also been selected for pilot implementation at Duc Giang General Hospital and more than 20 leading banks and financial institutions in Vietnam.
In the field of finance – banking, FPT.IDCheck has been a helpful companion to support organizations and businesses to digitalize the user identity verification process for many services, such as new bank account opening, registration for consumer loans, money transfer, money withdrawal, registration for digital certificates, or electronic contract signing. The solution is fully compliant with relevant regulations regarding finance transactions and guarantees that customers’ experience is safe and secure. Using the application, it takes just a few seconds to verify chip-based ID card data, personal information is automatically and completely entered and compared with data from the Vietnam Ministry of Public Security.
Users can quickly verify their chip-based ID cards with FPT.IDCheck.
As an integral part of FPT.IDCheck, FPT IS has also researched and developed a chip-based ID card reader, forming a comprehensive suite of solutions to help eliminate the risk of verification fraud in transactions with absolute accuracy, reducing labor costs and transaction processing time, meanwhile enhancing the quality of experience in digital transactions.
Also in April 2023, FPT.IDCheck has been honored to become Silver Stevie Winner at the 2023 Asia-Pacific Stevie Awards, an award dedicated for business innovations in the Asia-Pacific region. The solution has been honored in the category of “Award for Innovation in Digital Transformation – Financial Services Industries”. This has affirmed the value, effectiveness and reputation of FPT.IDCheck as a new digital transformation solution.
“Being honored at the 2023 Asia-Pacific Stevie Awards and in the Top 10 Sao Khue Awards 2023 has proven the value and practical effectiveness that FPT.IDCheck delivers to organizations and businesses in particular and the national digital transformation process in general. In the coming time, FPT IS expects FPT.IDCheck to be a powerful utility for businesses and organizations to ensure maximum authenticity and security and enhance customer experience, thereby not only promoting business growth but also contributing to the socio-economic development”, said Mr. Nguyen Hoang Minh – CEO of FPT IS.
At 2023 Sao Khue Awards, FPT IS has also been honored with four solutions, i.e., the Anti-fraud solution for digital identity verification – FPT.IDCheck (Top 10 Sao Khue), International financial reporting standard 9 system – FPT.IFRS9 and Utop LoyaltyOS (5-star rating), and Human resources & payroll management system – FPT.iHRP. FPT IS is the leading member of FPT Corporation in terms of award quality and has become one of the companies with the most impressive achievements at Sao Khue Awards this year.
