VietCredit pioneers in deploying the anti-fraud solution for digital identity verification – FPT.IDCheck
A cooperation agreement between FPT IS and VietCredit facilitates and sets FPT.IDCheck, an anti-fraud solution for identity verification of chip-based ID cards, for mass deployment.
Recently, FPT Information System Corporation (FPT IS) and VietCredit Finance Joint Stock Company (VietCredit) have officially signed a cooperation agreement to deploy chip-based ID card verification service FPT.IDCheck. The signing ceremony is attended by leaders of FPT IS, VietCredit and representatives of the National Population Data Center (C06, Vietnam Ministry of Public Security).
Accordingly, FPT IS will provide chip-based ID card verification service FPT.IDCheck for VietCredit. FPT IS is one of the few providers in the market with complete capabilities and legal basis to provide solutions and services for chip-based ID card verification. Previously, FPT IS has signed a cooperation agreement with Research and Application Center for Residents data (RAR), National Population Data Center (C06, Vietnam Ministry of Public Security), as part of the Scheme for application of population data, e-identification and e-verification to national digital transformation in 2022 – 2025 period with vision to 2030, as per the Prime Minister’s Decision No. 06/QD-TTg dated January 6, 2022.
FPT IS and VietCredit cooperate on FPT.IDCheck solution.
Currently, VietCredit is a credit institution providing reputable and transparent financial services, quickly responding to credit needs of customers. Therefore, anti-fraud verification of chip-based ID cards is the first priority and VietCredit has been strongly investing into technical solutions to ensure the best transaction quality.
Mr. Dao Dinh Nam, Deputy Director of RAR Center, National Population Data Center (C06, Vietnam Ministry of Public Security) believes that the cooperation between VietCredit and FPT IS will deliver a secure and efficient transaction experience, contributing to healthier financial and banking activities: “The adoption of FPT.IDCheck solution is in line with the orientation of the Vietnam Ministry of Public Security in developing groups of utilities towards socio-economic development as per Project 06. FPT.IDCheck will help VietCredit increase profits, minimize risks for the company, and enhance customer experience. During the cooperation, VietCredit needs to comply with relevant regulations on protecting customers’ personal data, while FPT IS needs to ensure that the service is properly operated and takes responsibility towards the reputation of the Vietnam Ministry of Public Security in providing the solution”.
Mr. Dao Dinh Nam – Deputy Director of RAR Center – expresses his confidence in the cooperation agreement between the two companies.
At the ceremony, Mr. Ho Minh Tam, CEO of VietCredit, says: “To ensure information security and data safety, VietCredit has cooperated with FPT IS to deploy FPT.IDCheck, an anti-fraud solution for identity verification of chip-based ID cards. The cooperation is expected to minimize risks and protect customers with a multi-layer security system, thereby enhancing customer experience. Meanwhile, in line with the direction of transparent governance, VietCredit is highly aware of the importance of strengthening governance efficiency as well as developing a solid foundation for sustainable business development. Therefore, adopting electronic identity verification solution for chip-based ID cards will help VietCredit optimize business activities, enhance capacity of risk management as well as quality of credit products. This is very important and meaningful to the goal of turning VietCredit into a leading financial organization in Vietnam”.
Mr. Ho Minh Tam, CEO of VietCredit, expects that adopting FPT.IDCheck will help strengthen risk management capacity.
“The cooperation agreement with VietCredit is an important milestone for FPT IS towards mass deployment of FPT.IDCheck solution. The cooperation is not just between the two companies but also indicates correct orientation from the Government and the Ministry of Public Security regarding electronic identity verification. As for financial procedures for VietCredit’s customers, FPT IS understands that enhancing security and information safety for the customers is the most important thing. Cooperating with RAR Center – C06 – Ministry of Public Security, FPT.IDCheck will be a useful utility for banks and financial institutions like VietCredit to ensure maximum accuracy and security, enhancing customer experience. FPT IS will closely accompany VietCredit to deploy the solution to ensure the success of the cooperation”, emphasized Mr. Do Son Giang, Executive Vice President in charge of R&D of FPT IS.
Mr. Do Son Giang – Executive Vice President in charge of R&D of FPT IS – affirms that the Company will closely accompany VietCredit to ensure the success of the cooperation.
FPT.IDCheck is a perfect combination of chip-based ID card verification service and anti-forgery AI technology compliant with ISO 30107 standard, researched and developed by FPT IS on the basis of chip-based ID card verification platform of the Vietnam Ministry of Public Security. The verification process is connected to the national information database, allowing to verify customers’ identities with absolute accuracy. The solution helps eliminate the risks of identity fraud in transactions completely, detect and prevent any identity fraud method at early stages, saving a huge amount of costs and transaction processing time, enhancing automation and competitiveness for companies in various fields. FPT IS has conducted pilot implementation of the solution for a number of large banks and financial institutions in Vietnam. The cooperation with VietCredit will be the first strategic step for mass deployment of FPT.IDCheck.
FPT IS is a leading company in implementing verification and security solutions, such as Electronic identification solution (eKYC), Digital signature solution (FPT.eSign), Electronic contract solution (FPT.eContract), etc. FPT.IDCheck will be a perfect piece to create an absolutely secure ecosystem of FPT IS, delivering perfect digital transaction experiences for the users.
