Savyint Proudly Sponsors World Financial Innovation Series (WFIS) 2025 Philippines as Bronze Sponsor
Savyint is honored to be a Bronze Sponsor of the World Financial Innovation Series (WFIS) 2025 Philippines, the premier fintech event in the ASEAN region, organized by Tradepass. The event will bring together over 600 leaders and experts from the finance, banking, and insurance sectors, representing more than 200 organizations across the region. The Philippines is at the forefront of the digital financial transformation, with the online lending market projected to reach USD 1.68 billion by 2027 and over 65 million e-wallet users expected by 2025. Additionally, electronic payments account for 52.8% of total retail transactions, reflecting the widespread adoption of digital technologies in financial services. This surge is driven by three key factors: supportive government policies, the rapid rise of fintech, and the growing demand for a comprehensive financial ecosystem. Initiatives led by the Bangko Sentral ng Pilipinas (BSP), such as the Open Finance pilot program and Project Nexus for enhanced cross-border payments, underscore the country’s commitment to fostering financial inclusion and sustainable development. Against this backdrop, WFIS 2025 Philippines, hosted by Tradepass, serves as a pivotal platform, uniting over 600 industry leaders and experts from 200 organizations. Under the theme “Bridging Financial Gaps for a Digitally Smart Philippines,” WFIS 2025 is more than an event—it is a hub for strategic collaboration and discussions on critical topics such as Open Finance, Central Bank Digital Currency (CBDC), and the application of AI and blockchain in financial services. With over 300 active fintech companies and online payments comprising 52.8% of retail transactions, WFIS 2025 is the ideal stage to shape the future of fintech in the Philippines and drive financial innovation. Over the course of two days, WFIS 2025 Philippines will feature a robust lineup of activities, including: As a Bronze Sponsor, Savyint is represented at the event by Mr. Steve Hoang, Chief Technology Officer, and Mr. Brad Palmer, Chief Operating Officer and Executive Vice President. Savyint’s leadership will engage with top regional executives, investors, and strategic partners, sharing insights on secure digital transformation, electronic identity, and building digital trust within the financial ecosystem. Mr. Brad Palmer stated: “WFIS 2025 is a vital platform for Savyint to connect with strategic partners in the region while reaffirming our long-term commitment to delivering advanced security, identity, and digital finance solutions. This event provides an opportunity to showcase our latest technologies, engage with banking and fintech leaders, and contribute to the secure and sustainable growth of the Philippines’ and ASEAN’s financial ecosystems.” With over 20 years of expertise in developing encryption, identity, and authentication solutions, Savyint offers the market’s most comprehensive authentication platforms, fully compliant with BSP Circular No. 1213. The company is dedicated to supporting the Philippines’ financial sector by implementing modern security standards, combating fraud, and fostering digital trust. Images from the event:
SAM Auth Server – Next-Gen Digital Identity & Authentication Compliant with Philippines BSP Circular No. 1213
The Philippines BSP Circular No. 1213 introduces specific changes that will reshape authentication policies across financial institutions in the Philippines, with a one-year compliance window starting June 2025. The pressing question now is how to adapt effectively Bangko Sentral ng Pilipinas (BSP) Circular No. 1213, issued in June 2025, is a regulation mandating stricter, phishing-resistant, device-bound authentication for financial institutions in the Philippines to combat digital fraud. The circular aims to enhance security in digital customer onboarding, transactions, and session management by replacing insecure methods like SMS/email OTPs with stronger tools such as passkeys and biometrics. The requirements apply to all BSP-supervised financial entities, including banks, fintech companies, payment providers, and lending firms, and cover critical areas such as: Financial institutions have one year from June 2025 to fully comply with all the requirements of this Circular. 1. Specific regulations BSP Circular No. 1213 highlights the growing security risks of traditional OTP methods – particularly those delivered via SMS or email—and advises against their use. This stance reflects global recognition that such channels are highly vulnerable to phishing, SIM swap attacks, and other forms of social engineering. Biometric authentication, Behavioral biometrics, Passwordless authentication (biometrics, hardware tokens and cryptographic keys, FIDO), Adaptive authentication, considered perfectly aligned with BSP Circular No. 1213 because they directly address the circular’s core security objectives: preventing phishing, eliminating interceptable authentication, and binding user access to a secure device. Fundamentally, the provisions of BSP Circular No. 1213 adopt a similar approach to those of other countries around the world, as cyberattacks are a global issue. 2. Comprehensive Compliance Solution – SAM Auth Server With over 20 years of experience in developing encryption, identity, and authentication solutions, Savyint offers one of the most comprehensive authentication platforms, fully meeting and even exceeding the requirements of BSP Circular No. 1213. SAM Auth Server is an all-in-one strong authentication solution that enables system authentication, data encryption, transaction encryption, multi-layer authentication, multi-level security, and integration with hardware security devices as well as software functional modules, ensuring maximum safety for electronic transactions. 2.1 Key features of the solution Transaction Authentication Features Access Control Token Types Data Encryption – Transaction Encryption Encrypt data and transactions, ensuring that all information cannot be stolen or tampered with during initiation, storage, and transmission. Integration with AML monitoring systems and Fraud Management Systems (FMS) 2.2 Full compliance with international standards With a flexible design and high scalability, SAM Auth Server can be easily deployed across various system models (on-premise, cloud), supports multiple platforms, and delivers the most advanced authentication methods available today. Contact us now for a consultation HERE!
Embracing the Quantum era with Post-Quantum Cryptography (PQC)
In the near future, quantum computers are expected to become powerful enough to break traditional asymmetric cryptographic algorithms—the backbone of data security for messages, documents, and online transactions. Post-Quantum Cryptography (PQC) is being developed to counter this immense computational power. Post-Quantum Cryptography (PQC), also referred to as Quantum Safe Cryptography (QSC), encompasses encryption algorithms designed to withstand attacks from quantum computers. What is Quantum Computing? Quantum computing leverages principles of quantum physics to solve mathematical problems exponentially faster than classical computers. Tasks that would take today’s most powerful supercomputers years to complete could be reduced to mere days by quantum computers. This unprecedented computational power heralds a new era for applications like artificial intelligence. However, alongside its benefits, quantum computing poses significant security threats. Why Are Quantum Computers a Security Threat? Once sufficiently advanced quantum computers emerge, traditional asymmetric cryptographic algorithms will become vulnerable. For instance, widely used algorithms like RSA and ECC, which rely on mathematically complex problems such as integer factorization and discrete logarithms, are employed globally to secure bank accounts, medical records, and other critical data. However, quantum algorithms like Shor’s algorithm could easily break RSA and ECC. Governments and global tech corporations have acknowledged this threat, issuing warnings to protect critical infrastructure against potential quantum attacks. The U.S. National Security Memorandum of May 2022 states: “A sufficiently large and sophisticated quantum computer capable of breaking cryptography (CRQC) could compromise most public-key cryptographic algorithms used in digital systems across the U.S. and worldwide. A CRQC could endanger civilian and military communications, undermine supervisory and control systems for critical infrastructure, and defeat security protocols for most internet-based financial transactions.” What is Post-Quantum Cryptography (PQC)? To counter quantum attacks, global research efforts are underway to develop stronger algorithms to replace RSA and ECC, capable of resisting attacks from both classical and quantum computers. These algorithms are collectively known as Post-Quantum Cryptography (PQC). Why Act Now? While quantum computers capable of such feats may not yet exist, data collection is already occurring. Sensitive or private data, valuable for years or even decades, is at risk. Hackers may be storing encrypted data now, waiting for future quantum computers to decrypt it—a strategy termed “harvest now, decrypt later.” Additionally, devices like chips have long development cycles, requiring years of security testing and certification before deployment in existing infrastructure. Therefore, transitioning to PQC sooner rather than later is highly advantageous. Global Progress in PQC Development The most significant PQC research is led by the U.S. National Institute of Standards and Technology (NIST). NIST launched a global competition, inviting researchers worldwide to propose, evaluate, and validate new algorithms for resilience. On July 5, 2022, NIST announced the first set of standardized algorithms, including: Key encapsulation mechanism (KEM) CRYSTALS-Kyber and Digital signature algorithms such as CRYSTALS-Dilithium, FALCON, SPHINCS+. In 2022, the U.S. National Security Agency (NSA) released an updated Commercial National Security Algorithm Suite (CNSA 2.0), mandating that national security systems (NSS) fully transition to PQC algorithms by 2033, with some cases required as early as 2030. CNSA 2.0 specifies CRYSTALS-Kyber and CRYSTALS-Dilithium as key quantum-resistant algorithms, alongside hash-based signature algorithms like XMSS (Extended Merkle Signature Scheme) and LMS (Leighton-Micali Signatures). By August 2024, NIST published its first three standardized PQC algorithms to ensure proper implementation: NIST also outlined a roadmap to phase out classical cryptographic algorithms like RSA-2048 and ECC-256 starting in 2030, with complete discontinuation by 2035. How should businesses prepare for the quantum era? To be ready for the transition to post-quantum cryptographic algorithms, the first step for businesses is to review their entire systems and technology infrastructure to identify where RSA and ECC algorithms are currently being used. Next, they should assess the potential impact on speed and performance when switching to more secure Post-Quantum Cryptography (PQC) algorithms. Based on this assessment, businesses can then develop a step-by-step transition plan, while engaging with customers and partners to align on the migration approach and begin the transition. Savyint PQC Lab: Vietnam’s First Post Quantum Crytography Platform for Digital Signatures, PKI, and Data Encryption As an international technology group with extensive expertise in PKI, Cryptography, Blockchain, Electronic Identification, Authentication, and Open Banking/Finance, Savyint proudly introduces the Savyint PQC Lab – Vietnam’s first post-quantum cryptography platform tailored for digital signatures, PKI, blockchain, and cryptographic solutions. This testing platform enables organizations to explore NIST-approved PQC algorithms, assess compatibility, performance, and impact without disrupting existing infrastructure. This is critical for financial institutions and fintech organizations aiming to comply with international standards such as FIDO2, PSD2, eIDAS, and PCI DSS. Key features of Savyint PQC Lab: Connect with Savyint’s experts today to lead the way into the post-quantum era!
SAVYINT is an Official Member of the Quantum Technology Network and Innovation and Cybersecurity Development Network
On August 25, at the Launch Ceremony of three Strategic Technology Innovation Networks organized by the Ministry of Finance, under the chairmanship of Deputy Prime Minister Nguyen Chi Dung, SAVYINT, as an official member of two out of three networks, introduced its Cybersecurity and Information Security Solution System, featuring two core components: PQC Lab – Vietnam’s first post quantum cryptography platform – and SAM Auth Server. To realize the objectives outlined in Resolution No. 57-NQ/TW dated December 22, 2024, by the Politburo, and Decision No. 1131/QĐ-TTg dated June 12, 2025, by the Prime Minister, the Ministry of Finance tasked the National Innovation Center (NIC) with collaborating with experts, scientists, and businesses to establish Strategic Technology Innovation Networks. Under the leadership of Deputy Prime Minister Nguyen Chi Dung, the Ministry of Finance organized the launch of three Innovation Networks, with key highlights: During the ceremony, Deputy Prime Minister Nguyen Chi Dung emphasized that Vietnam is entering a new development phase and must proactively seize the immense opportunities brought by the Fourth Industrial Revolution. The three Strategic Technology Innovation and Expert Networks will work alongside the Government, ministries, and businesses to shape strategies, develop policies, and promote research, development, and application of new technologies, transforming the country’s “challenges” into “great opportunities” for the future. SAVYINT is an official member of both the Quantum Technology Network and the Cybersecurity Innovation and Development Network. With over 20 years of research and experience, SAVYINT aims to serve as a catalyst, driving the growth of these alliances and their respective fields in Vietnam. At the event, SAVYINT unveiled its comprehensive Cybersecurity and Information Security Solution System, with SAM Auth Server and PQC Lab – Vietnam’s first post quantum cryptography platform for digital signatures, PKI, blockchain, and data encryption – garnering significant attention from attendees. Pioneering Post-Quantum Technology with SAVYINT PQC Lab As quantum technology advances rapidly, traditional encryption methods face the risk of being compromised. SAVYINT PQC Lab was developed to pioneer the application of posy-quantum technologies and algorithms, safeguarding digital signature systems, PKI, blockchain, and data encryption against threats from quantum computers. This platform not only meets current security requirements but also prepares for the future when quantum technology becomes widespread. It enables organizations to adopt NIST-approved Post-Quantum Cryptography (PQC) algorithms, test compatibility, performance, and impacts of PQC without affecting existing infrastructure or systems. This is particularly critical for financial and fintech organizations that must comply with international standards such as FIDO2, PSD2, eIDAS, and PCI DSS. SAVYINT PQC Lab utilizes Hardware Security Modules (HSMs) supporting NIST-standard PQC algorithms: ML-KEM (FIPS-203), ML-DSA (FIPS-204), and SLH-DSA (FIPS-205). It manages and automates the issuance of PQC digital certificates, scans and alerts for certificates requiring replacement per NIST and new security standards, and provides a flexible and secure sandbox environment for rapid testing, isolated from operational systems. With SAVYINT PQC Lab, businesses and organizations can ensure long-term data protection, prevent “Harvest Now, Decrypt Later” attacks, comply with NIST’s PQC standards, and adhere to the highest global data security regulations. This builds customer trust, enhances global competitiveness, and solidifies leadership in cybersecurity. SAM Auth Server – All-in-One Identity, Authentication and Security Solution SAM Auth Server is an all-in-one identity, authentication, and security solution developed by SAVYINT, leveraging advanced security technologies to address the growing complexity of securing information in digital environments. SAM Auth Server offers multi-layer authentication and security, integrating dedicated hardware and software, as well as smart biometric cards, while strictly adhering to domestic and international security standards such as FIPS 140-3, eIDAS, PSD2/PSD3, GDPR, FIDO2, and OIDC/OAuth2. It is a pioneering solution that applies Post-Quantum Cryptography (PQC) algorithms and tokenization technology, ensuring absolute security for data and transactions amid increasingly sophisticated cyber threats. With rapid integration, independent operation, and unlimited scalability, SAM Auth Server enables organizations and businesses to proactively manage digital identities, protect systems, data, and critical digital content, while optimizing costs, enhancing efficiency, and ensuring security across all digital operations. Comprehensive Cybersecurity and Information Security Ecosystem In addition, SAVYINT introduced a comprehensive Cybersecurity and Information Security Solution System designed to meet the diverse needs of organizations and businesses in protecting sensitive information, ensuring data security, and complying with international regulations. This system includes a range of standout solutions: The application of advanced cybersecurity and information security technologies serves as a robust shield for organizations and businesses in the digital era. Contact us today to start preparing for a sustainable and secure digital future. Event highlights:
Savyint launches the first PQC Lab in Vietnam, pioneering the post-quantum security era
Savyint officially announces the Savyint PQC Lab – the first post-quantum cryptography (PQC) security platform in Vietnam dedicated to digital signature, PKI, cryptography infrastructure, and data encryption solutions. Post-Quantum Security – No Time to Delay With the rapid rise of technology, quantum computers are approaching the ability to break traditional cryptographic algorithms such as RSA and ECC, which have safeguarded global data for decades. To counter this challenge, Post-Quantum Cryptography (PQC) has emerged, leveraging entirely new and complex mathematical problems, such as code-based, lattice-based, hash-based methods, and others, to ensure resilience against both classical and quantum computers. Recognizing the serious threat quantum computing poses to current security systems, in 2024, the U.S. National Institute of Standards and Technology (NIST) announced the first three standardized PQC algorithms to ensure proper adoption of new cryptography: ML-KEM (FIPS-203), ML-DSA (FIPS-204), and SLH-DSA (FIPS-205). NIST also published a roadmap: starting in 2030, classical algorithms such as RSA-2048 and ECC-256 will begin to be phased out, and by 2035, they will be fully retired. This means that organizations and enterprises worldwide must develop roadmaps to adapt and transition their security infrastructures to PQC algorithms, in order to defend against financial data breaches via “Harvest Now, Decrypt Later” attacks. Moreover, implementing PQC standards is a complex process that may take 5–10 years, requiring organizations to prepare not only in terms of technical infrastructure, but also through long-term strategy, workforce training, and safe sandbox testing before large-scale adoption. Therefore, preparing today is the foundation for organizations to proactively defend against attacks targeting sensitive data and to build a sustainable security ecosystem for the post-quantum era. Savyint officially launches the first PQC Lab in Vietnam As an international technology group with extensive expertise in PKI, cryptography, blockchain, digital identity, electronic authentication, and open banking/finance, Savyint proudly introduces the Savyint PQC Lab – the first post-quantum security lab in Vietnam, dedicated to digital signature, PKI, blockchain, and advanced cryptography solutions. The Lab provides a testing environment that enables organizations to familiarize themselves with NIST-approved PQC algorithms, while evaluating compatibility, performance, and impact – without disrupting existing infrastructure or operational systems. This is particularly vital for financial institutions and fintech companies that must ensure compliance with international standards such as FIDO2, PSD2, eIDAS, and PCI DSS. Key features of Savyint PQC Lab: Mr. Steve Hoang, CTO & Chairman of Savyint Group, emphasized: “Transitioning to PQC is a 5–10-year journey that demands strategic vision and persistent execution. The Savyint PQC Lab is the tool that enables enterprises to embark on this journey safely, swiftly, and proactively.” Currently, Savyint is collaborating with leading global technology and security partners such as Entrust, Kryptus, and FutureX to develop large-scale quantum-safe solutions applicable to critical sectors, including PKI and digital certificates, data security, network and telecommunications infrastructure, and industrial and defense applications. The launch of the Savyint PQC Lab is not only a technological milestone but also a bold statement of Savyint’s pioneering role in the post-quantum era, partnering with global enterprises to build a secure, sustainable, and trustworthy digital future.
Security in Online Payments in the New Era
Online payments have rapidly become a preferred payment method in many countries worldwide. Alongside this trend, the demand for authentication and security has never been higher, aiming to protect transactions from increasingly sophisticated threats, ensure absolute safety, and maintain a seamless user experience. Over the past decade, the world has witnessed a powerful surge in e-commerce, smartphones, and high-speed connectivity infrastructure. Cashless payment habits have become an integral part of daily life. Bank cards, digital wallets, Apple Pay, Google Pay, QR codes, and cross-border payment platforms like Alipay+, WeChat Pay (China), and UPI (India) are used daily by millions for shopping, bill payments, and personal financial transactions. However, alongside this growth comes a downside: increasingly sophisticated cyberattacks. Cybersecurity reports highlight a significant rise in advanced attack methods, from phishing scams and malware on mobile devices to OTP theft, creating an urgent need for financial service providers, banks, and payment organizations to enhance authentication and transaction security measures. Popular Authentication Methods Today Currently, many countries employ Multi-Factor Authentication (MFA), which applies at least two of three factors: Something you have (e.g., a device or OTP), Something you know (e.g., a password or PIN), and Something you are (e.g., biometric data like fingerprints, facial recognition, or iris scans). For example, in India, the Reserve Bank of India (RBI) mandates two-factor authentication (2FA) for all online transactions, typically combining OTP with a PIN. In the UAE, OTPs delivered via SMS or email are a common authentication method for financial transactions. However, OTPs and PINs are increasingly vulnerable, becoming prime targets for cyberattacks, paving the way for new, more secure, and efficient authentication trends. Trends in Online Payment Security Biometrics is considered a significant advancement in authentication security today. When a user registers, their device generates a pair of security keys: a private key stored on the device, unlocked only through biometric authentication, and a public key stored on the payment network. During a transaction, the device signs the request with the private key, the network verifies it with the public key, and the result is sent to the bank. This process shifts authentication from the bank to the payment network or a third party, reducing the risk of OTP theft and providing a smoother user experience. In addition to biometrics, securing payment applications on mobile devices is another critical piece of the security puzzle. For instance, Google Play Protect, Android’s default security layer, can scan apps and detect known malware at the operating system level. However, it lacks the ability to identify sophisticated in-app fraud, such as fake keyboards, unauthorized access, or zero-day attacks. Advanced app-level security solutions enable real-time detection and response to threats, from blocking suspicious transactions to adjusting security policies based on the usage environment. As online payments continue to thrive, biometrics and mobile payment protection technologies are emerging as inevitable trends, strengthening transaction security, reducing cyber risks, and delivering a seamless, reliable payment experience. This marks a significant step toward a future where every online transaction is comprehensively protected, providing absolute peace of mind for both users and businesses. Savyint – Setting New Standards for Strong Authentication and Payment Security Amid increasingly stringent requirements for payment security and user authentication, Savyint—a global technology company specializing in open banking, data security, and advanced security solutions—is ready to deliver authentication and payment security solutions that meet rigorous national and international standards. With a focus on passwordless strong authentication (Passwordless FIDO2, PKI Passwordless, SmartOTP Passwordless), Savyint builds a comprehensive, easily integrated ecosystem of solutions, enabling financial institutions, fintech companies, and service providers to optimize user experience while meeting international standards. These include: All solutions are designed to strictly comply with international standards such as FIDO2, PSD2, eIDAS, GDPR, and PCI DSS, offering rapid deployment, compatibility with existing infrastructure, and the highest level of security. Connect with Savyint’s experts today to start building a secure payment ecosystem