On the morning of November 21, Savyint, in collaboration with IBM Vietnam and TechData, successfully organized the Workshop “Implementing Safe, Reliable Open Banking and Complying with Circulars 64 & 50/2024/TT-NHNN.”
In the context where Open Banking is becoming a pillar of digital transformation in the Finance – Banking sector, institutions require not only advanced technologies but also legal compliance, data security, and strong authentication. The workshop, held with the support of the Vietnam Institute for Digital Transformation and Innovation (VIDTI) and the Open Banking Forum, provided a comprehensive perspective on strategies, technical frameworks, and legal considerations for implementing Open Banking in alignment with the State Bank of Vietnam’s directives.
Delivering the opening remarks, Mr. Doan Thanh Hai – Deputy Director of the Information Technology Department, State Bank of Vietnam – emphasized: “This workshop is an opportunity to share successful models, exchange practical lessons, and discuss emerging trends in security and technology for the effective implementation of Open Banking.” He also expressed confidence that the capabilities of banks, technology enterprises, and pioneering organizations would contribute to promoting safe, reliable Open Banking deployment in Vietnam, establishing a compliant ecosystem aligned with both domestic and international regulations.
As the hosting organization, Savyint showcased solutions and delivered presentations on the Open Banking Tech Stack and Savyint Digital Trust – two core solution suites enabling banks to implement Open Banking in full compliance with Circulars 64 and 50/2024/TT-NHNN.
Mr. Brad Palmer, COO & EVP of Savyint, highlighted that Open Banking is not merely about API connectivity but a multi-layered security ecosystem where customer identity, strong authentication, transaction protection, fraud risk management, and encryption infrastructure play foundational roles.
Open Banking Tech Stack – Strengthening Connectivity and Expanding a Comprehensive Digital Financial Ecosystem
Savyint’s Open Banking Tech Stack is purpose-built to meet all regulatory and technical requirements for Open Banking deployment. The stack comprises multiple critical components:
- API Management
- SAVYINT TPP Management
- SAVYINT Open Banking Portal
- SAVYINT Consent Management
- SAVYINT CIAM/SCA
- SAVYINT Tokenization
- SAVYINT Smart eKYC – Remote User Identity Verification
- SAVYINT ePapeless – Automated Workflow Management with Digital Signatures
- Savyint Enterprise PKI – Data Encryption with PKI & Post-Quantum Technology
- Fraud Management System
Notably, SAVYINT Consent Management is one of the core systems, supporting multiple consent flows including redirect, decoupled, and intuitive consent management interfaces.
Developed on an open, globally aligned architecture, the Savyint Open Banking Platform fully supports advanced security standards such as FAPI 2.0, OAuth2, OpenID Connect, PAR, JAR, JARM, mTLS, and Consent Management, ensuring compliance with Circulars 64/2024 and 50/2024.
It also aligns with stringent Open Banking frameworks from the Berlin Group, UK Open Banking, Singapore, Australia, Hong Kong, and others.
The platform is seamlessly integrated with Savyint Digital Trust, enabling core capabilities such as end-to-end encryption, transaction signing, key management, and tokenization – ensuring every API request is strongly authenticated, encrypted, and verifiably recorded.
Savyint Digital Trust – Building Digital Trust and Enabling Secure Digital Transformation
Alongside the Open Banking Tech Stack, Mr. Brad Palmer emphasized that the most critical factor in Open Banking is data security. This is why Savyint Digital Trust was created—to safeguard the financial ecosystem in the digital era.
- Savyint Digital Trust consists of a suite of solutions:
- SAM Appliance – All-in-one Data Encryption, Digital Signature Authentication & Mobile Identity
- SAM Auth Server – All-in-one Identity, Authentication & Security
- SAVYINT PKI In a Box – Dedicated PKI System for Enterprises
- SAVYINT PKI – CA (CAaaS/SaaS)
- SAVYINT VA
- SAVYINT Timestamp
- SAVYINT Smart eKYC
- SAVYINT Consent Management
- SAVYINT CIAM/SCA
- SAVYINT Tokenization
- SAVYINT Qualified Trust Services
- SAVYINT Digital Signing Server
The platform is built on an advanced authentication foundation powered by the Cryptographic Security Platform (CSP), which includes SCA/MFA, passwordless authentication based on PKI, data encryption, Smart Token, tokenization, end-to-end transaction signing, and modern cryptography-based mobile device security.
This ensures that every user, device, and transaction is protected, authenticated, and verifiable with absolute trust.
Highly scalable, Savyint Digital Trust integrates with core systems across banking and finance, including invoicing, taxation, insurance, e-wallets, and digital banking. It supports on-premise or hybrid-cloud deployment and fulfills stringent domestic and international requirements for digital signatures, encryption, and authentication such as eIDAS, CSC 2.0, GDPR, PCI DSS, HIPAA, and more.
As the organizer of the workshop, Savyint reaffirmed its pioneering role in shaping the Open Banking landscape in Vietnam. Savyint is among the most comprehensive Open Banking solution providers in Vietnam and the region – covering legal compliance, transaction security, identity & authentication, TPP management, and API infrastructure. Savyint’s technology ecosystem equips banks to implement Open Banking safely, reliably, compliantly, and with scalable expansion – supporting the digital transformation strategies of the Finance – Banking sector.
Photos from the workshop:
