Press Release-GreenNode and NVIDIA Collaborate to Drive AI Revolution in Finance

(Hanoi, January 10, 2025) - The workshop "Promoting the AI ​​Revolution in the Finance - Banking Industry" co-organized by GreenNode and NVIDIA recently took place in Hanoi, focusing on sharing advanced AI trends as well as practical AI application experiences in the Finance - Banking sector (BFSI).

The event, sponsored by the Vietnam Banking Association, gathered many domestic and foreign AI experts, along with representatives of more than 30 leading banks and financial institutions in Vietnam.

As a Preferred Cloud Partner of NVIDIA, GreenNode aims to become a leading provider of comprehensive integrated AI solutions for enterprises in the Asia-Pacific (APAC) region, especially BFSI enterprises.

At the event, Mr. Nguyen Le Thanh, General Director of GreenNode emphasized: “ Application of AI in data processing is a launching pad to help businesses in the Finance - Banking industry expand their scale, optimize operations and improve customer experience. However, to maximize this potential, businesses need to pay special attention to information security, data protection, and ensure that data mining models and processes strictly comply with international regulations and local laws on privacy. Businesses need to regularly check and evaluate the security capabilities of AI applications, as well as establish measures to prevent the risk of training data being leaked or the risk of AI models being exploited to extract sensitive information. Ensuring model transparency, limiting AI illusions, and making accurate decisions not only helps businesses operate effectively and comply with the law, but also strengthens customer trust - a core factor in an industry that requires high security standards such as Finance - Banking”.

With international standard research capabilities and practical AI commercialization experience, GreenNode is currently providing many integrated AI solutions, from big data processing to the application of advanced AI models such as LLM. These solutions help solve complex challenges specific to the banking industry such as: financial risk management, data security and compliance with legal regulations of countries in the region.

Mr. Nguyen Quang Uy - Associate Professor, Director of AI Research at GreenNode said that the unit is currently focusing on solving problems of process optimization and risk reduction in the banking sector, through applications such as: GreenNode Intelligent Document Processing (IDP) - Intelligent document processing solution and Video KYC - Electronic customer identification solution via video call.

“Combining AI and Large Language Models (LLM) technology, GreenNode has successfully implemented a project to optimize the process of using IDP solutions for a number of large domestic banks, ensuring strict compliance with Decree 13/2023/ND-CP on personal data protection, especially in the processing of sensitive data. We have also built a specialized processing model for identity documents and a facial analysis and recognition model in the eKYC solution set. At the same time, GreenNode is also one of the rare units in the market to offer a video KYC solution, helping businesses identify customers electronically through video calls” .

80% of banking data is unstructured. With LLM integration, GreenNode IDP helps banks analyze and understand customers more effectively . Photo: GreenNode

In addition, in the context of rapidly developing technology, sovereign cloud solution ¹   is gaining importance in the APAC region. Notably, the BFSI sector is undergoing a major transformation as organizations increasingly invest in AI/ML-enabled infrastructure to optimize operational efficiency and customer experience.

Mr. Vu Thanh Tung, GreenNode Product Director, shared: “ AI/ML infrastructure is becoming a global trend, especially in the BFSI sector - an industry that is considered to have great potential and is a pioneer in AI application. When building infrastructure, businesses often choose one of three main directions: self-deployment (on-premise), using services from international cloud providers (such as AWS, Azure, GCP) or using sovereign cloud solutions from cloud providers in the region. With product development expertise, comprehensive deployment capabilities and the ability to meet NVIDIA's strict standards for hardware infrastructure architecture, GreenNode provides a flexible solution, allowing customers to easily operate on the AI ​​Platform Portal, ensuring superior experience and maximum performance .”

GreenNode's ecosystem of infrastructure products and solutions for businesses in the Finance - Banking sector, to handle AI-related problems. Photo: GreenNode.

Today, sovereign cloud solutions GreenNode's solution has helped banks ensure the security and safety of customer data within Vietnam thanks to AI/ML applications. This solution also helps optimize the performance of AI models and is an important premise for orienting the AI ​​infrastructure investment strategy of businesses in the APAC region.

According to a report from McKinsey ² , GenAI (generative artificial intelligence) has the potential to bring 200-340 billion USD per year to the banking sector, affirming the great potential of this technology in the industry. In the future, GreenNode will continue to accompany partners in developing infrastructure and applying GenAI, thereby promoting development and innovation in the Finance - Banking industry in Vietnam.

(1) Sovereign cloud: a cloud computing technology solution designed to ensure that data is stored, processed, and managed in compliance with the legal regulations, security standards, and data requirements of a country or region.
(2) McKinsey's report "Capturing the Full Value of Generative AI in Banking" published the value and application of GenAI (generative artificial intelligence) for the Banking and Finance Industry (BSFI).

Source: https://www.vng.com.vn/news/press-release/greennode-va-nvidia-hop-tac-thuc-day-cuoc-cach-mang-ai-trong-nganh-tai-chinh-ngan-hang.html