SAVYINT and Wultra strengthen partnership to develop authentication solution
On April 17, 2024, SAVYINT and Wultra entered into a collaboration to develop and implement authentication and compliance solutions for digital banking and financial services, aligning with Decision 2345/QĐ-NHNN. Accordingly, both parties pledge to collaborate closely in fostering the development of cutting-edge authentication solutions that adhere to the stringent security standards and regulations mandated for clients in the Finance, Banking, Insurance, Securities, Healthcare, Digital Media & Broadcasting and Government sectors. Wultra will provide advanced authentication, identity management, data security, and privacy solutions for SAVYINT’s digital solutions and services, encompassing: SAVYINT’s enterprise customers can now leverage the most cutting-edge authentication platform to enhance end-user experiences, safeguard data privacy and minimize e-commerce transaction risks. In addition to these core offerings, SAVYINT is also focused on accelerating the development of innovative platforms and solutions, including: By seamlessly integrating and developing these solutions, SAVYINT and its partners can achieve comprehensive improvement and enhance their business operations. Mr. Ondrej Kupka – A Wultra representative has emphasized SAVYINT’ position as a crucial strategic partner, citing the company’s comprehensive Digital Signature Solution and Open Banking Platform. The representative stressed that this collaboration will benefit both parties and foster market growth. Wultra’s comprehensive authentication solution fully complies with the legal requirements outlined in Vietnam’s Decision No. 2345/QĐ-NHNN. About SAVYINT SAVYINT is a leading provider of trusted digital products, solutions, and services with deep expertise in PKI systems, digital signature solutions, data encryption/privacy, open banking, blockchain & key management, cybersecurity services and AI and cloud applications… Committed to international standards, SAVYINT delivers top-tier solutions designed to meet the highest security and compliance requirements. Its advanced technical infrastructure supports digital transformation across diverse sectors such as government, healthcare, finance, education, logistics, transportation, telecommunications, and broadcasting. With a strong focus on innovation and security, SAVYINT is a reliable partner for organizations seeking to enhance operational efficiency and data security in the digital era. About Wultra Wultra is a global pioneer in authentication, information security, and data privacy solutions. Wultra serves as a digital financial guardian, empowering banks and fintech companies with modern, easy-to-deploy authentication solutions that elevate customer experiences. As a trusted partner with an open-source, developer-friendly approach, Wultra’s solutions can be implemented in weeks, not months. Wultra has established itself as a leading provider of digital banking security in the Czech Republic. The company is actively expanding its international market strategy.
SAVYINT Presents at the “Hanoi – Smart City and Open Banking Ecosystem” Symposium
On the morning of October 2nd, Mr. Hoang Nguyen Van, Vice Director of the Institute of Innovation and Digital Transformation (VIDTI) and Chairman of the Board of SAVYINT, delivered a presentation on the topic “The Benefits and Challenges of Implementing the Open Banking Ecosystem” at the symposium. The “Hanoi – Smart City and Open Banking Ecosystem” symposium was part of the 2024 Vietnam Card Day event series. It saw the participation of the Hanoi City leadership, Deputy Governor of the State Bank of Vietnam, and leading representatives from the financial and banking sectors, coming together to discuss and exchange ideas for a smart, clean, and digital Hanoi. Speaking at the symposium, Mr. Ha Minh Hai, Vice Chairman of the Hanoi People’s Committee, emphasized that in the context of international integration and the development of the fourth industrial revolution, building a smart Hanoi is both essential and urgent. This forms the foundation for improving residents’ quality of life, optimizing urban management, and achieving sustainable, green, inclusive development. Mr. Pham Tien Dung, Deputy Governor of the State Bank of Vietnam, shared similar views, stating that the transition to a smart city and digital transformation in the banking system are closely intertwined, with the emergence of the open banking ecosystem being a key factor. This transformation is linked to the integration of technology platforms, payment solutions, and data sharing to develop a strong digital and open banking ecosystem. Following this, Mr. Hoang Nguyen Van elaborated on the advantages open banking brings and the challenges faced in its implementation in Vietnam. According to Mr. Van, in recent years, as the trend of digital banking has grown, banks have increasingly sought to acquire new customers, reduce operational costs, and foster innovation. These needs have given rise to a new ecosystem—open banking. Third parties have emerged to help banks solve challenges related to increasing customer acquisition, improving service quality, and optimizing ecosystem integration at the most efficient costs. In the open banking ecosystem, all participants benefit. Banks and third parties gain new revenue streams by leveraging each other’s strengths, which in turn fosters the development of innovative products and services. Individual users enjoy personalized services and enhanced data security, while businesses benefit from easier access to banking services, expanded customer and partner networks, and optimized operational efficiency. Despite the numerous benefits, implementing open banking in Vietnam still presents challenges. While Vietnam has introduced personal data protection regulations (Decree 13/2023/ND-CP) and the State Bank of Vietnam’s regulations (Decision 2345/QD-NHNN), there is still a lack of clear standards on technical requirements, open API connectivity, and operational guidelines. After highlighting countries like India, Singapore, and South Korea, which have successfully implemented open banking through strong legal frameworks, Mr. Van stressed, “Only a clear legal framework can create favorable conditions for the open banking ecosystem to thrive and benefit all stakeholders.” Concluding his presentation, Mr. Van proposed a four-step implementation model for banks, starting with initial analysis and assessment, deployment models (legal framework, service models, templates), application of rules and processes, and finally, design and technical standards. This model serves as a guide for banks participating in the open banking ecosystem. Throughout the two working sessions, SAVYINT representatives and experts discussed various issues related to urban management, technology solutions, and enhancing the legal framework for the open banking ecosystem. Building a smart city requires more than technology and expertise—it also demands government support in terms of institutions, laws, and management methods. Particularly in a large city like Hanoi, with its extensive economy and population, these challenges must be carefully considered to ensure comprehensive development. With a wealth of experience both domestically and internationally, SAVYINT continues to research and provide cutting-edge technology solutions in the fields of digital transformation, information security, and fintech. In the emerging field of open banking, SAVYINT offers specialized Open Banking Solutions and Services tailored to the financial sector, meeting both legal and technological requirements while fostering connectivity and building a digital financial ecosystem. With its expertise and technological capabilities, SAVYINT is confident in supporting and advancing open banking in Vietnam.
SAVYINT collaborates with Google Cloud on AI, Blockchain, and Cloud applications serving digital government, digital economy, and digital society
SAVYINT collaborates strategically with Google Cloud to bring cutting-edge technologies such as AI, Blockchain, Cloud, and Fintech from the world’s leading tech giant into Vietnam’s information systems, supporting the development of a digital government, digital economy, and digital society. Google Cloud Platform is a cloud computing service that allows organizations and businesses to build, run, and manage applications on the cloud. Beyond being just a cloud infrastructure, Google Cloud provides a comprehensive suite of services and applications to enable organizations and businesses to migrate to the cloud in the most efficient and secure way. With over 30 years of experience in technology development, data collection, and analysis, Google Cloud has built solutions that help customers accelerate their progress. Google Cloud Platform offers all the solutions and services businesses need to “move to the cloud,” including Hybrid & Multi Cloud, Cloud CDN, Data Cloud, Open Cloud, Generative AI, Machine Learning, Big Data, Data Analytics, and more. AI is at the core of Google’s DNA. Over the past two decades, Google has harnessed the power of AI to organize the world’s information and make it universally useful. AI has enabled Google to solve the most complex challenges. The partnership between a global leader like Google and SAVYINT represents a perfect collaboration, driving the adoption of digital technologies to modernize Vietnam’s digital government, digital economy, and digital society. At a recent meeting between SAVYINT and Google Cloud, Mr. Nguyễn Đức Toàn, Country Director of Google Cloud Vietnam, and Mr. Vamsi, Google’s regional representative, introduced Vertex AI and Google’s LLM (Large Language Models), discussing with SAVYINT the implementation and application of these models within Vietnam’s governmental systems. To support the government and businesses in building secure and robust systems, Google Cloud has integrated Generative AI into Vertex AI. Vertex AI is a machine learning platform that helps developers deploy and maintain AI models more easily. For Vietnam’s government, combining Vertex AI with LLM (Large Language Models), which are deep learning models trained on vast amounts of text data, will create smart, responsive technology solutions for search engines and recommendation systems on current websites and software. These advanced technologies are being applied to develop a comprehensive digital financial and digital economy ecosystem, including foreign affairs portals, investment and tourism promotion gateways, digital platforms for agricultural product consumption, retail, household businesses, digital solutions for healthcare, education, and SMEs, as well as cross-border e-commerce platforms to manage customers, operations, and supply chains. According to Mr. Hoàng Nguyên Vân, Chairman of SAVYINT, with expertise in Open API, Fintech, PKI systems, and chatbots, along with technology partner Google Cloud, SAVYINT is focused on building digital platforms to serve the digital government, connecting citizens, businesses, and state agencies, and developing integrated digital finance, digital healthcare, and digital education systems. The strengthened collaboration between SAVYINT and Google Cloud marks significant progress in improving product quality, aiming to create high-tech solutions.
SAVYINT becomes the first senior partner of nCipher in Vietnam
The nCipher APAC Channel Partner Conference, held from October 22–25, 2019, in Ho Chi Minh City, gathered nCipher’s most important partners from across the Asia-Pacific region. SAVYINT attended the event as nCipher’s first senior partner in Vietnam. nCipher is a market leader in providing Hardware Security Modules (HSM) for key management and encryption, and a subsidiary of Entrust Datacard—a global leader in trusted identity and secure payment solutions. With over 400 partners worldwide and offices in more than 94 countries, nCipher leads the way in encryption technology. The nCipher APAC Channel Partner Conference is an annual security-focused event for the Asia-Pacific region. In 2019, the conference was held in Ho Chi Minh City for the first time, bringing together nCipher’s top regional partners. SAVYINT participated not only as nCipher’s first senior partner in Vietnam but also as a partner of Entrust Datacard, providing Public Key Infrastructure (PKI) systems and Mobile ID/Mobile Signing/Remote Signing solutions, compliant with eIDAS standards from SAFELAYER—Entrust Datacard’s subsidiary in Vietnam. At the event, Mr. Hoàng Nguyên Vân, Chairman of the Board of SAVYINT, shared insights and proposed product and solution development directions for nCipher, based on customer needs and Vietnam’s regulatory framework. He also expressed a desire for nCipher to establish a training center in Vietnam to enable partners and clients to receive regular, easy access to product and technology updates. SAVYINT is currently collaborating with nCipher to offer products such as nShield Connect, nShield Solo, nShield Edge, nShield Cloud, and comprehensive solutions for Code Signing, TimeStamp Signing, across all digital services and applications, including Blockchain, e-Payments, POS, e-Wallets, e-Invoices, e-Signatures, Remote Signing, Mobile Signing, electronic documents, and data encryption. Key digital transformation solutions in Vietnam, including Go Invoice (e-Invoices), Trusted Archive (Big Data-based digitalization and electronic archiving), and SAVYINT BPM Paperless (automated process and digital document management solutions), have been successfully implemented by SAVYINT for major clients in sectors such as Digital Government, Digital Enterprises, Digital Broadcasting, Digital Banking, E-Health, Telecommunications, IoT, and Smart Cities. In the current wave of rapid digitalization, the demand for data security solutions is rising due to stringent global data protection regulations such as the General Data Protection Regulation (GDPR) and the European Union’s eIDAS for secure signing and trusted services. Becoming the senior partner of a global leader in hardware security modules (HSM) like nCipher is a pioneering move for SAVYINT. The collaboration between SAVYINT and nCipher will provide comprehensive integrity and security for critical customer applications and information systems, ensuring full compliance with both Vietnamese and international data security and information protection regulations.