VietCredit cooperates with FPT IS to deploy the Authentication Solution for Chip-Based Citizen ID Cards

15/11/2022

On November 11, 2022, in Ho Chi Minh City, FPT Information System Company (FPT IS) and Tin Viet Finance Joint Stock Company (VietCredit) signed a cooperation agreement regarding FPT.IDCheck - the authentication solution for chip-based citizen ID cards. The signing ceremony was attended by FPT IS and VietCredit executives and representatives of the Center for National Population Database (C06, Ministry of Public Security).

Accordingly, FPT IS will provide VietCredit with FPT.IDCheck - the authentication solution for chip-based citizen ID cards. FPT IS is one of the few enterprises with full capacity and legal facilities to provide such solutions and services to customers. Previously, FPT IS signed a cooperation agreement with the Research and Application Center for Resident Data (RAR) - Police Department for Administrative Management of Social Order (C06, Ministry of Public Security - MPS) under Project 06 - the project of "Development of data application on population, identification and electronic authentication for national digital transformation in the 2022 - 2025 period, with the vision to 2030" under the Prime Minister's Decision 06/QD-TTg dated 06 Jan 2022.

FPT IS and VietCredit cooperate in providing FPT. IDCheck.

FPT IS and VietCredit cooperate in providing FPT. IDCheck.

VietCredit is a credit institution providing transparent, reliable financial services, serving the financial needs of individuals. Therefore, VietCredit pays much attention to technology solutions to detect ID card fraud and forgery, ensuring the safety and best quality for customer transactions.

Mr. Dao Dinh Nam - Deputy Director of RAR - expressed his belief that the partnership of VietCredit and FPT IS would help deliver safe and secure experiences, contributing to the transparency of financial activities. "FPT.IDCheck is in line with MPS' orientations in deploying utilities for socio-economic development mentioned in Project 06. Moreover, FPT. IDCheck will improve VietCredit profits, minimize risks, and enhance customer experience. However, VietCredit must comply with the legal regulations on protecting customers' private data during the cooperation. On the other hand, FPT IS needs to ensure the service efficiency and be responsible for maintaining the reputation of MPS, the companion partner delivering this solution", he said.

Mr. Dao Dinh Nam - Deputy Director of RAR - showed his belief in the cooperation agreement between the two companies.

Mr. Dao Dinh Nam - Deputy Director of RAR - showed his belief in the cooperation agreement between the two companies.

Mr. Ho Minh Tam – CEO of VietCredit - clarified: "To ensure information security and data safety, VietCredit has cooperated with FPT IS to deploy FPT.IDCheck to prevent fraud of chip-based citizen ID card verification. This cooperation will help VietCredit decrease risks, enhance experiences, and protect customers with a multi-layer security system. Additionally, while implementing good practices of transparent governance, we are aware of boosting management efficiency and building a solid foundation for sustainable development. Hence, the application of an electronic authentication solution for chip-based citizen ID cards will help VietCredit optimize its performance, strengthen risk management as well as improve service quality. It is a vital mission that we are pursuing to realize our goal of making VietCredit a leading financial company in Vietnam."

Mr. Ho Minh Tam - CEO of VietCredit - at the signing ceremony.

Mr. Ho Minh Tam - CEO of VietCredit - at the signing ceremony.

"The agreement with VietCredit is a key milestone for FPT IS in widely deploying FPT.IDCheck. It not only marks the strong cooperation between the two businesses but also shows the right orientation of the Government and the MPS regarding electronic identification and authentication. With the issue of implementing financial procedures for VietCredit's customers, we deeply understand that maintaining confidentiality and information security is the highest priority. Therefore, FPT. IDCheck, in collaboration with RAR (C06, MPS), will become a helpful tool for banks and financial institutions to ensure accuracy and security while improving customer experience. FPT IS will undoubtedly accompany VietCredit in implementing the solution", Mr. Do Son Giang - Deputy CEO in charge of R&D at FPT IS - emphasized.

Mr. Do Son Giang - Deputy CEO in charge of R&D at FPT IS - affirmed that FPT IS would go along with VietCredit for successful cooperation.

Mr. Do Son Giang - Deputy CEO in charge of R&D at FPT IS - affirmed that FPT IS would go along with VietCredit for successful cooperation.

FPT.IDCheck is the perfect combination of the authentication service for chip-based citizen ID cards and anti-forgery AI technology that meets the International standard (ISO-30107). The solution is developed by FPT IS on the chip-based citizen ID card verification platform of the MPS. The authentication process is linked to user information from the national information database, which helps to identify and verify customers with absolute accuracy. As a result, the solution helps significantly reduce the risks of authentication forgery in transactions. Specifically, it detects and prevents identification fraud, saving a large amount of cost and time as well as increasing automation capabilities and competitiveness for businesses in various economic sectors. FPT IS has promoted the pilot integration of this solution for several major financial institutions and banks in Vietnam.

The partnership with VietCredit will be the first strategic step to popularize FPT.IDCheck. Recently, FPT IS has pioneered in implementing authentication and security solutions such as eKYC - the electronic customer identification solution, FPT.eSign - the digital signature solution, and FPT.eContract - the e-contract solution. With its advantage of being a leading solution provider, FPT.IDCheck is a puzzle piece to complete the end-to-end security ecosystem of FPT IS, providing an outstanding digital experience for users.