How has Blockchain technology changed TCBS?

Technology development is one of the spearheads of Techcom Securities Corporation (TCBS). This is reflected in the company's "WealthTech" orientation, in which "Tech" can be understood as applying technology to customer service and business operations.

Previously, when it came to technology, most traditional financial businesses/institutions thought that this was just an auxiliary factor, providing additional value to businesses and financial products.

However, in just the past few years, the rapid change of technology, especially the explosion of artificial intelligence (AI), Blockchain has created a big change in the financial sector in general and securities companies in particular.

Speaking at the workshop "Investment opportunities in the new context" organized by Nha Doan Tu Magazine, Mr. Pham Xuan Dung, Director of Data Science, Techcom Securities JSC, assessed that technology in recent years has been developing rapidly.

Công nghệ Blockchain đã thay đổi TCBS thế nào?

Mr. Pham Xuan Dung, Director of Data Science, Techcom Securities Corporation (TCBS)

“Technology is changing very quickly. While we still talk a lot about digital transformation and many businesses and organizations are still struggling with digital transformation, in the past 1-2 years, the world has moved towards the AI story with breakthrough applications such as ChatGpt, Deepseek...", Mr. Dung commented.

However, he also emphasized that investing in digital transformation infrastructure is an important foundation and needs to be completed before developing AI and Blockchain.

Technology is one of the important spearheads of TCBS. This is reflected in the company's "WealthTech" orientation, in which "Tech" here can be understood as applying technology to customer service and business operations.

Starting from investing heavily in modern technology infrastructure, TCBS has facilitated the thorough collection, processing and analysis of data to develop products and customer support features. The foundation of a clear and consistent data management system is an important basis for the company to move towards applying "unreal" technology in consulting, or Blockchain...

“TCBS has received many awards in recent years for its AI and Blockchain products and applications, but awards are not what we thought of when we started. Instead, we asked the question: how can we apply these technologies to help our customers?

Everything TCBS started from zero. However, the company has taken actions to gradually turn this zero into a distinct value when it is autonomous in terms of human resources and ready in terms of technology. TCBS employees learn quickly, have knowledge and a digital transformation data platform to do AI," said Mr. Dung.

At TCBS, about 60% of the staff are both proficient in technology and have a deep understanding of finance. More importantly, all of TCBS's trading systems are built by the company's team. TCBS also continuously masters high technology by researching new technologies, applying autonomously and many systems. The most prominent of which is investing in the Blockchain field.

Mr. Dung shared: “TCBS started investing in Blockchain in 2022 with the Blockchain Layer 1 system. The company has used Blockchain applications in bond management, thereby helping to record 100% of unlisted bonds on Blockchain. This technology helps ensure that all transactions throughout the bond life cycle are recorded transparently, cannot be edited, and acts as an automatic audit."

Not stopping there, TCBS continues to expand Blockchain applications into iXu - a reward point management system for loyal customers, using Smart Contracts to automate transactions, improve accuracy and safety.

With this success, TCBS aims to not only apply Blockchain to daily operations, but also pioneer in introducing more financial and securities products and solutions using Blockchain technology to customers.

Mr. Pham Xuan Dung also hopes that Resolution 57 on science, technology, and digital transformation of the Politburo will create conditions for a "sandbox" mechanism so that companies can experiment with innovation without fear of making mistakes.

“Currently, the time is right, the place is right, and people are in harmony, so we need to promote investment in AI and Blockchain,” Mr. Dung affirmed.

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