FPT IS and Tableau share insights on harnessing the power of AI and Data Analytics for banks
Recently, FPT IS and Tableau co-hosted the workshop “Harnessing the Power of AI and Data Analytics for a Futuristic Banking Ecosystem.” The event saw participation of over 50 leaders, directors, and technology and data experts from financial, banking, and insurance sectors.
In his opening remarks, Mr. Quan Bao Thang, Deputy Director of Finance & Banking Sector at FPT IS, acknowledged the complexities of digital transformation for banks with ongoing challenges posed by evolving market trends, technological advancements, and security concerns.
In this context, Mr. Thang affirmed, “FPT IS and Tableau are committed to supporting banks and financial institutions in accelerating their digital transformation, and pioneering the application of new technologies to develop a comprehensive, flexible, and market-aligned digital banking ecosystem. Our customers, therefore, will receive the best products, services, and experiences.”
Mr. Quan Bao Thang, FPT IS Deputy Director of Finance & Banking Sector, spoke at the workshop’s opening.
At the workshop, Mr. Le Viet Thanh, Deputy Director of Data Platform & Analytics Center at FPT IS, shared insights on core data management solutions. “In banks and financial institutions, core data is a crucial set of information used and shared simultaneously by many operational systems. This data must meet four criteria: accurate, sufficient, clean, and live. To improve data quality, businesses need solutions to enhance their processes, technology, and personnel. FPT IS, therefore, has developed the Master Data Management (MDM) solution in combination with the FishEye product to manage data properly, ensuring the success and sustainable developmement of organizations and businesses,” said Mr. Thanh.
Mr. Le Viet Thanh shared insights on core data management solutions.
Currently, the role of Credit Scoring is extremely crucial for banks when upgrading their traditional models. Accordingly, FPT IS has integrated AI into the FPT.Xscores system to improve the scoring process, providing diverse and accurate results that align with the unique characteristics of each business.
“This enables businesses to make decisions based entirely on big data analytics, minimize errors and risks, and enhance the efficiency of credit operations. FPT IS solutions can be integrated with risk management models, without any conflict with the banks’ original models while complying with capital regulations under Basel II, III, and banking supervision regulations,” stated Mr. Luong Ngoc Binh – AI & Data Consultant at FPT IS Finance and Banking Sector.
Managers and experts from FPT IS and Tableau shared their insights and addressed questions from attendees.
Ms. Kathy Trinh, a representative from Tableau Vietnam, shared knowledge on the latest global data trends. She underscored the significance of AI and BI in facilitating data-driven decision-making for businesses.
Introducing two new Tableau’s AI features, Tableau Pulse and Einstein Copilot, Mr. Tran Khac Truong, Deputy Head of Data Mining and Analysis Department at FPT IS, highlighted that these features enable users to automatically present data in charts, analyze data and interact with Tableau tools in natural language.
With advanced technological solutions, FPT IS and Tableau are confident in becoming trusted partners for banks and financial institutions, enhancing data analysis, data-driven decision-making capabilities, and building a comprehensive digital ecosystem centered around user experience.
