Developing competitive advantage for financial enterprises with AI and smart infrastructure

Overview of the workshop Developing competitive advantages for financial enterprises with smart infrastructure and AI applications. Photo: PA

On April 3, the workshop "Developing competitive advantages for financial enterprises with smart infrastructure and AI applications" was held in Ho Chi Minh City, thereby providing highly applicable AI solutions, promoting the digitalization process of Vietnam's financial industry.

Mr. Nguyen Hoang Minh, Head of the Representative Office of the Vietnam Banks Association in Ho Chi Minh City, said: “Applying AI in digital transformation is the key to helping banks make breakthroughs in the digital era. However, this process requires long-term investment and a comprehensive strategy. The Vietnam Banks Association always accompanies banks to raise awareness and share practical experiences, thereby supporting the implementation of policies of the Government and the State Bank, towards a modern, safe and sustainable digital financial ecosystem.”

At the workshop, experts from GreenNode, VNG Cloud and TrueID shared advanced AI solutions, helping the banking and finance industry optimize customer experience and create superior competitive advantages. Mr. Le Hong Minh, Founder and Chairman of the Board of Directors of VNG, said: "VNG does not wait but proactively acts to anticipate the AI ​​trend. VNG has decided to focus on AI from mid-2023 and deploy everything possible related to this technology."

Mr. Nguyen Hoang Minh, Head of the Representative Office of the Vietnam Banks Association in Ho Chi Minh City, delivered the opening speech at the workshop. Photo: PA

VNG has launched the GreenNode project, a breakthrough AI infrastructure to serve the needs of big data processing and support the deployment of AI models for banks and financial institutions. GreenNode holds the advantage of early access to NVIDIA's new generation of GPUs, thereby expanding the ability to refine and deploy flexible AI models, helping financial institutions promote effective digital transformation.

Using high-end GPUs from L40S, A40 to H100, combined with advanced InfiniBand network infrastructure, GreenNode processes big data quickly and optimizes banks' AI strategies. In addition, GreenNode has also developed integrated AI solutions, helping to thoroughly solve the challenges of unstructured data, which accounts for up to 80% of the total data in banks. GreenNode's intelligent document processing (IDP) solution has helped banks reduce 70% of data entry errors and save more than 2,000 working days per year, contributing to improving work efficiency and saving large costs.

In particular, in the context of increasingly strict regulations on electronic identification, TrueID's comprehensive Digital Identity Platform solution has supported more than 35 banks to synchronize customer data, achieving an identification rate of up to 90%, helping banks open accounts quickly and securely. This system plays an important role in the bank's digital ecosystem, expanding services and supporting multi-channel authentication.

Technology experts share information at the discussion session. Photo: PA

Mr. Vu Thanh Tung, GreenNode Product Director, emphasized: “AI is not just a technology story but also a way for us to bring real value to customers, from improving experience, preventing fraud to optimizing operations. With a solid foundation of Vietnamese enterprises, we believe that understanding the market problem will help create breakthrough solutions to meet real needs.”

In recent times, the Vietnamese Government has promoted digital transformation in the financial sector through policies such as Project 06 on population data and electronic identification. These efforts are creating major changes in the industry, helping to cut costs, improve work efficiency and enhance customer experience. According to PwC, AI helps increase work efficiency by nearly 40% and improve service quality in the banking and finance sector.

The workshop on enhancing the capacity of the financial sector through AI applications has expanded its reach, providing highly applicable AI solutions, promoting the digitalization of the Vietnamese financial sector. The event received in-depth expertise contributions from international partners such as NVIDIA and VAST Data, helping Vietnamese banks and financial institutions have more advanced technology solutions to compete and develop in the digital age.

The workshop was organized by GreenNode (VNG's AI Cloud unit) in collaboration with NVIDIA and VAST Data, under the auspices of the Vietnam Banking Association, attracting the participation of more than 50 bank leaders and technology experts, helping Vietnamese banks and financial institutions have more advanced technology solutions to compete and develop in the digital age.

According to Tin Tuc Newspaper

Source: https://doanhnghiepvn.vn/doanh-nhan/phat-trien-loi-the-canh-tranh-cho-doanh-nghiep-tai-chinh-voi-ai-va-ha-tang-thong-minh/20250404095857542