Savyint Officially Announces Strategic Partnership with VietNet and SAVIS to Build a Digital Trust Ecosystem in Vietnam
On January 16, 2026, Savyint successfully hosted the event “Strategic Partnership Announcement, Cooperation and Market Development in Vietnam” officially marking a long-term strategic partnership between Savyint – VietNet – SAVIS Group. The event represents a significant milestone in Savyint’s growth strategy in Vietnam and Southeast Asia, reaffirming Savyint’s strong commitment to long-term , structured and sustainable investment in building a comprehensive, compliant and trusted digital security ecosystem. As the event organizer, Savyint proudly presented Strategic Partner Certificates to VietNet, its strategic distribution partner in Vietnam, and SAVIS Group, its technology partner. The event also featured live demonstrations of key solutions within Savyint’s Digital Trust ecosystem, aligned with the development direction of the Vietnamese market. The event was attended by representatives from the Ministry of Science and Technology, the Information Technology Department of the State Bank of Vietnam, the Government Cipher Committee under the Ministry of National Defence, the Vietnam Software and IT Services Association (VINASA), leaders of the three companies, as well as banks and organizations operating in Finance – Banking, Cryptography, Information Technology and Cybersecurity. Building a Digital Trust Ecosystem – An Inevitable Trend of the Digital Economy Speaking at the event, Mr. Nguyen Khac Lich, Director General of the Department of Information Technology Industry (Ministry of Science and Technology), emphasized that the strategic partnership announcement between Savyint – SAVIS – VietNet is a concrete demonstration of the Party and Government’s policy to place technology enterprises at the center of innovation, science and technology development, digital transformation, and the “Make in Vietnam to Lead” strategy. He highlighted that the three-party cooperation model creates a complete digital technology value chain, contributing to a secure and trusted foundation for the digital economy. At the same time, it opens opportunities for Vietnamese technology enterprises to expand into regional and international markets, fully reflecting the enterprise-centered innovation spirit as defined by Resolution 57 and Resolution 68. Mr. Brad Palmer, Vice Chairman of the Board and Chief Executive Officer of Savyint, shared that Savyint has been present and growing in Vietnam for more than 15 years. The partnership with VietNet and SAVIS Group marks an important step in expanding Savyint’s deployment network and bringing its “Made in Vietnam” solutions closer to organizations and enterprises, particularly in the Finance – Banking sector and critical digital infrastructure. Under the cooperation agreement, VietNet, as the strategic distribution partner, and SAVIS, as the technology partner in Vietnam, will work closely with Savyint to deploy, integrate and develop solutions for authentication, encryption, digital identity, digital signatures and transaction authentication in Vietnam and Southeast Asia. Within the cooperation framework, the parties will share implementation experience and technical expertise, while jointly organizing solution showcases, technology demonstrations and in-depth training programs to enhance deployment and operational effectiveness. The partnership is built on leveraging each party’s strengths, ensuring effective coordination, regulatory compliance, and contributing to higher levels of security and trust in electronic transactions in Vietnam. Digital Trust – Strengthening Security, Enabling Digital Confidence As digital transformation accelerates alongside increasing requirements for security, safety and regulatory compliance, Digital Trust has become a foundational pillar for ensuring confidence in digital transactions and services. With this vision, Savyint has developed a comprehensive Digital Trust ecosystem designed to protect the digital financial ecosystem and support the sustainable growth of the digital economy. The Savyint Digital Trust ecosystem consists of the following key solutions: These solutions are also the core offerings within the three-party cooperation framework, designed to meet stringent requirements for security, fraud prevention, regulatory compliance and scalability, fully aligned with the Vietnamese and regional markets. Mr. Le Tuan Dat, Chief Executive Officer of VietNet, stated: “As the strategic distribution partner, VietNet will focus on bringing SAM Appliance, SAM Auth Server, SAM FIDO Identity Server and Mobile Security solutions (TrustShield, RASP+) to the Vietnamese market, particularly in the Finance – Banking sector and critical information systems, ensuring compliance with regulatory requirements and operational models.” Meanwhile, Mr. Pham Van Duc, Chief Executive Officer of SAVIS Group, emphasized: “With extensive hands-on experience in information security infrastructure, electronic transactions, digital signatures and trust services, SAVIS will work closely with Savyint and VietNet to integrate, operate and optimize authentication, encryption and digital security solutions.” The combination of Savyint (core technology) – VietNet (distribution & market development) – SAVIS (deployment & integration) forms a comprehensive cooperation model, enabling customers to access digital security solutions that are effective, compliant and trusted. About Savyint Savyint is a technology company headquartered in Sydney, Australia, with an R&D center in Hanoi. The company specializes in providing platforms, system solutions and services in Digital Trust, Open Banking, Secure Payments and cryptography for the Finance – Banking, FSI and Government sectors, meeting stringent requirements for security, compliance and scalability.About VietNet Founded in 2011, VietNet Distribution JSC is a professional technology distributor in Vietnam, with a well-trained workforce, strong market insight and a scientifically structured operating model. With more than 15 years of market development experience, a broad partner ecosystem, and strong consulting, technical support and operational capabilities, VietNet has established itself as a trusted distributor, particularly in the fields of information security and digital infrastructure.About SAVIS With 20 years of experience, SAVIS Group is a leading trusted service provider, recognized for its digital signature and electronic signature solutions, identity authentication and trust services across sectors such as Finance – Banking, Media, Digital Government, Healthcare and Education, in compliance with both domestic and international standards. Media coverage of the event: Event Highlights:
PSD3 – A Comprehensive Transformation of Payment Fraud Risk Management
Alongside the Payment Services Regulation (PSR), the Payment Services Directive 3 (PSD3) is regarded as a major restructuring of the EU’s regulatory framework for payment fraud prevention. It shifts the focus toward stronger fraud prevention measures, enhanced data security, and greater consumer control over their financial data. Fraud Prevention Under PSD3 – Key Enhancements Since the implementation of PSD2 in 2018, the global payment fraud landscape has changed dramatically. Fraud schemes have become more sophisticated, with increasingly complex impersonation and social engineering tactics. PSD3 was introduced to address the gaps exposed under PSD2 and to strengthen fraud prevention in a more holistic way, introducing significant changes across the payment value chain. Stronger and More Inclusive Strong Customer Authentication (SCA) Under PSD2, multi-factor authentication was largely treated as a binary requirement—either applied or not. PSD3 goes further by requiring payment service providers to support multiple SCA methods in parallel, ensuring that elderly users, people with disabilities, or those with limited digital skills can still access payment services safely. PSD3 also allows for delegated authentication, meaning that in certain scenarios, a trusted third party may perform authentication on behalf of the bank. This improves user experience without compromising security. Mandatory Verification of Payee (VoP) Before a credit transfer is executed, the system must verify whether the beneficiary’s name matches the International Bank Account Number (IBAN). If a mismatch is detected, the payer must be clearly warned and given the choice to proceed or cancel the transaction. Crucially, if a payment service provider fails to issue a warning or allows the transaction to proceed despite a mismatch, it may be held legally liable. This measure directly targets misdirected payments and scam-induced transfers, which have caused significant financial losses in recent years. Real-Time Transaction Monitoring and Fraud Detection Instead of identifying fraud after funds have already left the account, PSD3 requires fraud monitoring mechanisms to operate in real time, before transactions are executed. These systems must analyze multiple signals simultaneously, including user behavior, device data, location, transaction history, beneficiary information, and signs of compromised authentication. As a result, financial institutions are compelled to move away from static, rule-based controls toward advanced analytics powered by AI and machine learning to detect complex and evolving fraud patterns. Shifting Liability for Impersonation Fraud from Customers to Financial Institutions Under PSD2, customers often had to prove they were not negligent when falling victim to fraud. PSD3 changes this approach. If a customer is deceived by fraudsters impersonating bank staff and is tricked into transferring funds, the payment service provider is required to reimburse the customer, provided the incident is reported according to proper procedures. This reflects the reality that modern social engineering scams are highly sophisticated and cannot simply be blamed on user carelessness. At the same time, it creates strong incentives for institutions to invest more seriously in fraud prevention technologies and customer education. A Clear Legal Framework for Sharing Fraud Data PSD3 enables payment service providers to share fraud-related data with each other without breaching GDPR. When multiple customers report fraud linked to the same beneficiary or scam method, this information can be rapidly shared across the ecosystem, enabling earlier and more effective interbank fraud detection. Mandatory Tools for Customer-Controlled Risk Management PSD3 requires financial institutions to provide customers with tools to actively manage their own risk. These include spending limits, time- or location-based transaction blocking, instant account freezing, and real-time fraud alerts. Such tools must be easy to find and simple to use, pushing banks to invest meaningfully in user-centric design and customer experience. PSD3 also mandates that customers must be able to reach real human support staff—not just chatbots—especially in complex fraud cases or when dealing with vulnerable users. Comprehensive Upgrades to Fraud Prevention Infrastructure Payment service providers are required to upgrade their fraud prevention infrastructure end to end. This includes real-time behavioral analytics, transaction monitoring, risk management, verification of payees, impersonation fraud claims handling, and responsibility management when working with external platforms. These requirements are accelerating the shift toward Zero Trust architectures and real-time intelligence–driven fraud prevention models across banks and financial institutions. With these changes, PSD3 does more than revise existing rules—it fundamentally reshapes how the EU addresses payment fraud. By redistributing liability, mandating real-time fraud detection, and strengthening payee verification, PSD3 establishes a robust legal framework that helps organizations reduce financial losses while offering stronger, more meaningful protection for users. Savyint Fraud Prevention & Risk Management – PSD3 Compliance Built on Zero Trust Built on a Zero Trust architecture, Savyint Fraud Prevention & Risk Management integrates Strong Customer Authentication (SCA), MFA and 3D Secure, AI/ML-driven fraud detection, and real-time risk management. It enhances transaction security through tokenization, Post-Quantum Cryptography (PQC), and a clear quantum-safe migration roadmap, while also meeting PSD3 requirements for TPP monitoring, Open API security, and ecosystem-wide risk control. With a fraud-first approach, Savyint Fraud Prevention & Risk Management (FPRM) enables enterprises and financial institutions to proactively prevent fraud by combining risk management, transaction security, and effective user protection across the entire payment journey. Connect with Savyint experts today to reduce fraud risk and strengthen regulatory compliance in the digital payments landscape.
6-Step Model for Effective Real-Time Online Transaction Fraud Detection
With stricter requirements for payment security and compliance with standards such as AML, KYC, and PSD2/PSD3, a secure payment system must do more than just protect transactions. It also needs to monitor activity, track transactions, and respond quickly to unusual behavior. As online payments continue to grow and fraud becomes more sophisticated, payment systems are being strengthened with modern fraud detection technologies. These technologies help keep transactions safe and reduce financial losses caused by payment fraud. Online Transaction Fraud Detection Mechanism Modern online fraud detection models are designed to spot unusual behavior early, so risks can be stopped during the transaction instead of being handled only after fraud has already happened. In general, fraud detection systems follow a process with six main steps: Step 1: Data Collection Data collection is the foundation of any fraud detection system. To accurately assess the risk of a transaction, the system needs to collect different types of data related to users, devices, and transaction behavior. Step 2: Data Analysis Data analysis plays a key role in preventing online payment fraud. In the past, many organizations only reviewed transactions after they were completed, when fraud had already occurred. In most cases, recovering money from fraudulent transactions is very difficult or even impossible. That is why businesses now focus on detecting and stopping fraud before a transaction is completed. By analyzing transactions in real time, monitoring user behavior, and tracking the full customer journey – from login to payment – the system can quickly identify and block fraud risks. Step 3: Risk Detection Based on the collected and analyzed data, the system detects risks using machine learning or rules-based logic. Machine learning allows the system to learn from large amounts of data, recognize normal and abnormal behavior patterns, and predict fraudulent transactions more accurately in real time. Alongside machine learning, predefined rules also help detect suspicious transactions. For example, transaction limits can be set so that transfers above a certain amount – such as USD 1,000 – are blocked or require additional verification. Step 4: Risk Assessment and Risk Scoring Using identified risk signals, the system evaluates each transaction and assigns a risk score. Based on this score, transactions are classified as either “legitimate” or “suspicious.” Step 5: Alerts and Actions If a transaction is marked as suspicious, the system sends an alert to the security team so immediate action can be taken. This may include blocking the transaction, asking for additional verifications such as Strong Customer Authentication (SCA), Multi-Factor Authentication (MFA), biometric verification, or contacting the customer for further confirmation. Step 6: Continuous Updates and Improvement Fraud detection models are continuously updated and improved using new data and past fraud cases. This helps increase accuracy and allows the system to adapt to new and more advanced fraud techniques. Comprehensive Fraud Prevention with Savyint Fraud Prevention & Risk Management Built around the six- step fraud detection and prevention model, Savyint Fraud Prevention & Risk Management (FPRM) helps banks and financial institutions detect, prevent, and respond effectively to fraud. This reduces losses, strengthens transaction security, protects customer data, and improves long-term operational efficiency. With a Zero Trust architecture, Savyint FPRM enables: Savyint Fraud Prevention & Risk Management (FPRM) complies with global standards such as AML, KYC, KYB, PSD2, PSD3, and PCI-DSS, as well as local regulations including Circulars 64 and 50 (Vietnam), BSP 1213 (Philippines), and regulations in Malaysia. Contact Savyint experts today to strengthen security and implement effective payment fraud prevention strategies. Source: How payment fraud works – Tipalti
Financial Fraud Prevention: Protecting Assets, Data and Customer Trust
Proactive financial fraud prevention not only helps minimize losses but also plays a critical role in maintaining seamless customer experiences and improving overall operational efficiency. As fraud schemes become increasingly sophisticated, faster, and larger in scale, traditional control measures are no longer sufficient. Financial fraud prevention is therefore no longer merely a matter of compliance or security – it has become a strategic priority that enables organizations to optimize processes and ensure sustainable growth. 1. Benefits of Financial Fraud Prevention Implementing robust fraud prevention measures not only safeguards customers and organizations but also supports long-term, sustainable business growth. a. Minimizing financial losses Fraud can cause significant damage even when incidents occur on a small scale. Effective preventive measures help organizations reduce the risk of loss, control costs, and build a solid financial foundation for long-term development. b. Optimizing revenue and transaction processing efficiency One direct benefit is the improvement of authorization rates by reducing false declines of legitimate transactions – a common challenge in online payments. When transactions are processed accurately and quickly, completion rates increase, enabling businesses to maximize revenue. c. Protecting customer data and digital assets In the financial and banking sector, protecting personal information and financial data is essential to maintaining customer trust. Account Takeover (ATO) attacks and card data theft not only result in financial losses but also severely damage an organization’s reputation. By proactively preventing fraud, organizations can detect and stop these threats early, before real damage occurs. d. Enhancing customer experience Customers increasingly expect transactions to be smooth, uninterrupted, and free from unnecessary verification steps. Reducing fraud also means reducing unnecessary transaction rejections, leading to better customer experiences while lowering operational pressure and costs for businesses. e. Preserving brand reputation As noted above, even minor fraud incidents can erode customer trust and negatively impact brand image. Investing in comprehensive fraud prevention demonstrates a strong commitment to security and customer protection, helping organizations build a trusted and credible brand over the long term. 2. Effective Fraud Prevention with Savyint Fraud Prevention and Risk Management With these benefits in mind, a comprehensive and effective fraud prevention system enables banks and financial institutions to minimize losses, strengthen transaction protection, ensure customer data security, and enhance long-term operational efficiency. This is precisely the objective of Savyint Fraud Prevention & Risk Management (FPRM). Built on a Zero Trust architecture, Savyint FPRM enables organizations to proactively prevent fraud while integrating risk management and transaction security. The solution leverages AI and Machine Learning for behavioral analysis, combined with strong authentication mechanisms such as SCA, multi-layer MFA, and biometrics, along with advanced security technologies including tokenization and Post-Quantum Cryptography (PQC). This enables: As a result, organizations can detect, prevent, and respond to fraud effectively before losses occur. Savyint Fraud Prevention & Risk Management (FPRM) also complies with global standards such as AML, KYC, KYB, PSD2, PSD3, and PCI-DSS, as well as local regulatory requirements including Circulars 64 and 50 (Vietnam), BSP 1213 (Philippines), and regulations in Malaysia. Connect with Savyint experts today for detailed consultation on a fraud prevention roadmap tailored to your organization’s business model!