FPT IS demonstrates an ecosystem of tech solutions to the Prime Minister at Industry 4.0 Summit 2023
On June 14, FPT Information System Corporation (FPT IS) has attended in the Industry 4.0 Summit 2023, an event that is jointly organized by the Central Economic Committee and relevant ministries/departments. At the event, FPT IS has demonstrated an ecosystem of tech solutions that can comprehensively accompany enterprises in the digital transformation process. Besides, the expert from the company has also discussed methods to leverage the power of technology to generate business breakthroughs and enhance core competencies of enterprises.
Industry 4.0 Summit 2023 is an important political, economic and social event that aims to contribute to the implementation of the Resolution of the 13th National Party Congress on continuing to promote industrialization and modernization of the country to 2030, with a vision to 2045. At the event, Prime Minister Pham Minh Chinh and a high-ranking delegation visit FPT’s booth, showing great interest of the state leaders in the tech solutions that FPT has been deploying in various fields.
Mr. Dao Hong Giang – Director of Finance & Banking Sector, FPT IS – presents FPT’s suite to the Prime Minister Pham Minh Chinh.
At the in-depth session themed “Digital transformation and green transition of service industries in process of industrialization and modernization to 2030, with a vision to 2045”, Mr. Sarat Kumar Saikia – Director of Solution Advisory, Risk and Finance, FPT IS – has discussed and proposed solutions to help enterprises promote business activities and generate breakthroughs through financial platforms. According to Mr. Sarat Kumar Saikia, enterprises have been facing challenges in the production value chain. Operating a manufacturing plant and supplying products have been time-consuming and costly. There have also been difficulties in capital sources and access to bank loans, leading to a situation where 12.5% of enterprises have to accept high-interest loans (informal credit). On the other hand, banks desire channels to connect to enterprises in a quick and effective way.
Mr. Sarat Kumar Saikia – Director of Solution Advisory, Risk and Finance, FPT IS – delivers a speech on helping enterprises promote business activities and generate breakthroughs through financial platforms.
Responding to the situation, FPT IS has developed the Digital financial ecosystem (eTradevn), a Blockchain-based solution, to connect banks and enterprises to address the overall problems of trade finance in trade transactions. The solution digitalizes the entire trade finance and supply chain finance process for Vietnamese enterprises and banks, helping to accelerate transactions, reduce the time of document delivery by 90% and the processing time of bank staff by 50%, and increase their productivity and work efficiency by 3 times.
On a consistent end-to-end trade platform, eTradevn supports the processing of domestic L/C transactions, properly handles electronic guarantee operations, and offers connection to the distribution management systems (DMS) or ERP systems of the chain’s major enterprises to receive and process the needs for working capital of suppliers or distributors in the value chain of the major enterprises. The data is processed in real time with reduced storage space and high security. eTradevn is expected to generate breakthroughs in domestic L/C transactions, supply chain finance, and electronic guarantee, opening opportunities to comprehensively connect Vietnam’s digital economy.
At the event, FPT IS has also presented the ecosystem of “Made by FPT IS” products, including eTradevn, FPT.IDCheck, FPT.IDReader, FPT.eContract, FPT.eSign, akaBot. Among those, FPT.IDCheck and FPT.IDReader solutions offer features to verify chip-based ID cards combined with facial recognition with 100% accuracy. The solutions are based on AI technology that is fully compliant with the ISO 30107 biometric presentation attack detection standard. The solutions have been researched and developed based on the chip-based ID card verification application platform of the Vietnam Ministry of Public Security, properly addressing the problem of chip-based ID card verification in various fields, thereby eliminating the risk of verification fraud in transactions with absolute accuracy, reducing labor costs and time for processing transactions, and enhancing the quality of experience in digital transactions.
FPT solutions are presented at the event.
Besides, the electronic signing solutions (FPT.eContract and FPT.eSign) offer a perfect digital experience for users as the signing processes are performed online. Users can sign anytime, anywhere with a wide variety of devices such as desktop computers, tablets, smart phones…, with legal validity and security guaranteed to the maximum extent.
Another typical solution in the ecosystem is akaBot, a comprehensive robotic process automation (RPA) solution for enterprises. The solution offers “virtual robotic assistants” capable of simulating human operations to perform a large number of manual and repetitive tasks. Specifically, akaBot includes Smart virtual robotic assistant for large enterprises, and UBot automation solution for SMEs.
