VNPAY's eKYC solution (online customer identification and authentication using biometric technology) has been certified for anti-face fraud by iBeta and ISO 27001 certificate - an international standard for information and information security management. This proves the ability of Vietnamese businesses to compete in the international market for AI solutions.

eKYC- an internationally-recognized "Make-in-Vietnam" product 

Certified for quality by reputable agencies such as iBeta, a member of the US-based Fast Identity Online Alliance (FIDO Alliance), and the British Standards Institution (BSI Vietnam), VNPAY’s eKYC technology is not only highly appreciated by domestic banks, but also recognized by prestigious accreditation organizations. This strengthens customers’ trust when using VNPAY’s biometric recognition system. 

A representative of VNPAY said: "Determining technology as a core factor, we have invested significantly in technology platforms with a high-quality team of experts within and outside of the country. This strategic approach allows VNPAY to stay abreast of the latest global technology trends."

International accreditations, according to the representative, hold significant value, fostering customer trust, as well as pride and motivation within VNPAY. VNPAY is committed to furthering the development of high-quality products and mastering new technologies, thereby contributing to the advancement of the digital economy, digital society, and the establishment of a digital nation.

As a pioneering entity in electronic payment, VNPAY has dedicated years to researching and applying advanced AI technologies within the banking and finance industry. Techniques such as Liveness Detection, Machine Learning, and Optical Character Recognition (OCR) are employed to identify and authenticate biometric information, signatures, optical characters, real person authentication, and real-time gesture status, ensuring transaction safety and legitimate benefits for customers.

The eKYC solution underwent the Presentation Attack Detection (PAD) test, adhering to ISO/IEC 30107-3 standards of iBeta. This test evaluates the ability to discern the presence of real individuals in selfie photos, thereby detecting fraud during face verification. Successful completion of the test requires the solution to prevent the passage of fake information at the testing stage.

“Forms of fraud when using electronic identification have become increasingly unpredictable and sophisticated, such as forgery with images, videos, masks or tools simulating human faces... Therefore, VNPAY always emphasizes applying the most advanced techniques to identify customers when developing the eKYC solution,” the VNPAY representative added.

VNPAY's technology development team has not only ensured accurate "input" information, but also made efforts to pass tests to achieve ISO27001 certification of the British Standards Institution (BSI Vietnam). BSI is the world's first national standards agency appointed by the UK Government as the national standards institution.

ISO/IEC 27001 is an international standard to manage information security. It details requirements and methods to carry out independent assessment of information security management systems and certification for Information Security Management Systems - ISMS - to help VNPAY ensure "information security" for customers.

The certification underscores VNPAY's commitment to ensuring information security for its customers, partners, and stakeholders, establishing it as a trusted entity in the realm of financial technology.

With many internationally-certified products, Vietnam lies in the first rank of Southeast Asia for AI technology 

In recent times, the Vietnamese Government has implemented numerous policies aimed at fostering the advancement and utilization of AI technology. Among these initiatives is the national strategy on AI research, development, and application up to 2030, which aims to establish AI as a pivotal technology in Vietnam's journey through the 4.0 industrial revolution.

Vietnam possesses significant potential, both in terms of policies and human resources, enabling it to spearhead technological advancements in the region with "Made-in-Vietnam" products. Numerous prominent corporations within the country have undertaken extensive research and application of AI in various aspects of daily life.

Aligned with this progressive trajectory, VNPAY has incorporated the latest global AI technologies in the development of its "Made-by-VNPAY" products and services. This endeavor contributes significantly to Vietnam's socio-economic growth, positioning the country as a prominent hub for AI on the global stage.

PV