LPBank: Innovation and creativity with the Data for Life 2024 competition

After 5 months of taking place with the support of LPBank as the diamond sponsor, the international competition "Data for Life 2024 " has made a strong impression when presenting excellent digital technology products and solutions, applied in practice to serve the national digital transformation process. On November 27, the final round of the competition "Data for Life 2024" organized by the Ministry of Public Security in coordination with the School of Information and Communications Technology - Hanoi University of Science and Technology found 6 excellent teams with new, creative technology data solutions, and thoroughly applied to products to serve the digital government, digital economy and digital society.

Ms. Nguyen Anh Van, Deputy General Director of LPBank (far right) and representatives of the Ministry of Public Security awarded the prize to the best team at the final round of the contest " Data for Life 2024".

Attending and awarding the best team, Ms. Nguyen Anh Van - Deputy General Director of Loc Phat Bank Vietnam (LPBank) highly appreciated the new and innovative ideas of this year's teams. In particular, in the discussion "Data with life and technology solutions" within the framework of the final round of the competition, LPBank representative also shared about the meaning and practical value of data in life, especially for businesses in the finance - banking sector. According to Ms. Anh Van, innovation is a key driving force for economic growth, but this is both an opportunity and a challenge for businesses, especially businesses in the finance - banking sector when facing many big problems from the digital transformation revolution with the trend of cashless payments and Blockchain technology application; the problem of providing financial services for low-income people and improving financial literacy for people. In addition, cybersecurity is also an important issue that businesses need to focus on in fraud prevention and data security, and at the same time, it is necessary to apply artificial intelligence to personalize services and automate processes to help improve customer experience.

Ms. Nguyen Anh Van - Deputy General Director of LPBank shared at the seminar.

As a pioneer in digital transformation and data application in business processes, LPBank is ready to cooperate, share experiences and accompany contestants, winning teams and startups in the fintech field. “We believe that the close cooperation between the Government, banks, startups and investors will create a strong driving force for spreading the spirit and meaning of the competition as well as the development of the innovative startup ecosystem with data in Vietnam,” Ms. Anh Van shared.

LPBank is the diamond sponsor for the international competition "Data for Life 2024"

With the consistent orientation of "Taking customers as the center", LPBank applies digital technology as the driving force for development, creating digital solutions to serve customers. At the same time, LPBank focuses on investing and prioritizing funding activities in research and application of modern digital solutions not only in the financial sector, but also serving the national digital transformation process. In the digital transformation race, LPBank is also a symbol of innovation, daring to break through for comprehensive, effective and sustainable transformation. Thanks to that, the Bank has reaped the "sweet fruits" from promoting automation with the Award "Best Bank for Automation Technology Implementation in Vietnam" awarded by The Asian Banker - Asia's leading financial rating organization. LPBank is the first bank in Vietnam as well as in Asia to receive the award "Fastest Core Banking Implementation in Asia" from Temenos and the award "Fastest Kondor Treasury System Implementation in Asia - Pacific" from Finastra . Recently , LPBank also launched the new interface of the LPBank Digital Banking application and the LPBank Biz application exclusively for corporate customers, marking a step forward in the digital transformation journey, affirming the mission of bringing customers a modern, streamlined and personalized digital financial ecosystem experience.

Loc Phat Vietnam Bank (LPBank) is known as one of the joint stock banks with strong growth rate in recent years. Besides the advantage of a large network with more than 1,200 transaction points covering 63 provinces and cities nationwide, LPBank also affirms its position as a powerful financial institution as one of 14 Vietnamese banks in the group of the most important credit institutions in the system, Top 500 Banks with the highest brand value globally, creating solid trust with partners and customers.

K.Oanh