FPT IS owns global advanced certificate ISO/IEC 30107-3:2017 on FaceID
With just two months of “furious” preparation, FPT Information System Corporation (FPT IS) has excellently achieved a major certificate ISO/IEC 30107-3:2017 on Biometric Presentation Attack Detection Standard, and is now one of only 2 companies in Southeast Asia to own this certificate.
Endeavouring to upgrade eKYC technical standards
The world’s leading certification organization Tayllorcox has officially certified FPT IS with ISO/IEC 30107-3:2017 on Biometric Presentation Attack Detection Standard. This is one of the leading prestigious certificates in biometric verification, emerged in 2017. Currently, few product and service providers in the world are able to achieve the certificate. In Southeast Asia, FPT IS and Singapore’s Advance.AI company are the two companies that have been successful to do so.
FaceID technology has been widely applied in the world in general and Vietnam in particular. However, concerns about the reliability and possibility of forgery in this verification method are still hindering companies to adopt. Therefore, achieving ISO/IEC 30107-3:2017 certificate is an important step, officially affirming FPT IS’ solutions as compliant to international FaceID technology standards. This is a decent foundation for further development and delivering FPT IS’ FaceID-based eKYC solutions closer to domestic and foreign customers.
FPT IS achieves ISO/IEC 30107-3:2017 certificate on Biometric Presentation Attack Detection Standard.
FPT IS has been adopting FaceID-based eKYC technology in multiple solutions, including: Remote signing solution to remotely issue digital certificates to customers (FPT.eSign); Electronic contract software to authenticate signers’ FaceID before signing electronic contracts (FPT.eContract); Digital transformation solution in human resource management with integrated face-based time attendance (FPT.iHRP); Face-based security control solutions, etc.
FaceID technology has also been adopted in FPT IS’ s FPT Digital Onboarding solution. The solution is a complete digitalization platform that includes the entire onboarding cycle, which can be used by both customers and operation staff as well as management staff in Finance, Banking, and Securities sectors, etc. FPT Digital Onboarding solution saves time and costs by maximizing the automation of major operations such as opening a payment account, registering a credit card, registering/appraising a loan via online transaction channels as well as at transaction counters.
A reliable “companion” in digital transformation in Banking – Finance sector
The adoption of eKYC in the Banking – Finance sector has strongly been promoted by relevant legal corridors as well as providers’ rapid development of solutions. Decree no. 87/2019/NĐ-CP dated November 14, 2019 allows banks to decide whether to respond to the customers face-to-face or not for the first time establishing business relations. In addition, Circular no. 16/2020/TT-NHNN, dated December 4, 2020 amending the guidelines for opening and use of payment accounts at payment service providers, has added regulations and guidelines on opening payment accounts by electronic methods. Understanding market demands and recognizing the outstanding potentials of eKYC solutions for the Banking – Finance sector, FPT IS has pioneered in researching and developing eKYC solutions. With many years of practical experience deploying eKYC solutions for more than 30 large and small customers both domestically and internationally, FPT IS understands that upgrading technical standards is of a top priority.
User interacts with the FaceID feature on FPT IS’ eKYC solution.
The Banking – Finance sector is facing great opportunities and challenges, requiring transformation towards automation and digitalization, providing innovative, customer-centric products and services, helping banks to develop in a sustainable way and enhance competitive advantages. Mr. Duong Dung Trieu, Chairman of FPT IS, says: “eKYC is seen as the core and “prerequisite” foundation to develop digital banking model in particular and digitalize the financial sector in general when recognizing customers’ identity via electronic methods during the first time establishing business relations. ISO/IEC 30107-3:2017 certificate on anti-forgery of face biometrics is highly important for FPT IS’ FaceID-based eKYC solutions. ISO/IEC 30107-3:2017 is the recognition and proof of FPT IS’ expertise in delivering eKYC solutions to the customers. Meanwhile, the certificate will allow the company to fulfill its desire to become enterprises’ “companion” in the journey of digital transformation, creating a foundation to deliver Make-in-Vietnam products to the world”.
In Vietnam, FPT IS’ eKYC solutions have been assisting and promoting digital transformation for a large number of enterprises and organizations in the Banking – Finance sector. Having just entered the Vietnamese market, after only one month using FPT IS’ eKYC solution, Kasikornbank Limited (KBank) from Thailand has achieved more than 100,000 new customers. Besides, Laos – Vietnam Joint Venture Bank (LVB) is the first Lao bank to adopt eKYC, and after three months, LVB has collected more than 50,000 customers using the new service. In addition, Viet Capital Securities Joint Stock Company has reached 100,000 new securities accounts opened after adopting eKYC, etc. With the existing platforms and boosted by ISO/IEC 30107-3:2017 certificate, FPT IS’ eKYC solutions in particular and digital banking solutions in general are expected to reach a large variety of customers, and become a reliable partner in the digitalization process in the Banking – Finance sector.
More about FPT Information System Corporation:
Established in 1994, FPT Information System Corporation (FPT IS) – a member company of FPT Corporation – is a leading system integrator and solution provider in Vietnam as well as in the region. During 25 years of operation, FPT IS has provided core solutions for Banks, Securities, Insurance and Microfinance companies, including self-developed solutions as well as those integrated with world leading suppliers’ products. FPT IS also provides securities solutions for Stock Exchanges, Securities Depository Centers, State Securities Commission and Securities companies. Meanwhile, the company has also been developing digital banking solutions, such as: Capital adequacy ratio system (FPT.CARS), Enterprise e-banking solution (FPT.eGalaxy), Credit information management software (FPT.iCredit), etc. FPT IS is currently the highest level partner of the world’s leading digital solution providers, an assured and reputable digital transformation partner for all customers in Vietnam.
