On April 17, 2024, SAVIS and Wultra signed a memorandum of understanding (MOU) to collaborate on the development and implementation of authentication and compliance solutions for digital banking and financial services, in line with Decision 2345/QĐ-NHNN.
As outlined in the Memorandum of Understanding, both parties pledge to collaborate closely in fostering the development of cutting-edge authentication solutions that adhere to the stringent security standards and regulations mandated for clients in the Finance, Banking, Insurance, Securities, Healthcare, Digital Media & Broadcasting and Government sectors.
Wultra will provide advanced authentication, identity management, data security, and privacy solutions for SAVIS’s digital solutions and services, encompassing:
- Mobile SCA: Mobile First Authentication
- MFA
- Digital Onboarding
SAVIS’s enterprise customers can now leverage the most cutting-edge authentication platform to enhance end-user experiences, safeguard data privacy and minimize e-commerce transaction risks.
In addition to these core offerings, SAVIS is also focused on accelerating the development of innovative platforms and solutions, including:
- Digital signature solutions
- QTSP Remote Signing Services
- Cloud HSM, Timestamp service
- SAM Appliance – A solution for all-in-one data encryption, digital signature authentication and mobile identification
- eKYC Face Biometric
- Connecting with RAR C06 – Ministry of Public Security to check/authenticate Citizen ID with Government Data
By seamlessly integrating and developing these solutions, SAVIS and its partners can achieve comprehensive improvement and enhance their business operations.
Addressing the signing ceremony, Mr. Hoang Nguyen Tat – CEO of SAVIS GROUP emphasized: “Decision No. 2345/QD-NHNN, which will take effect on July 1, 2024, serves as a catalyst, urging credit institutions, foreign bank branches and payment intermediary service providers to swiftly implement technological solutions to comply with and simplify customer identification procedures. SAVIS and Wultra have partnered to provide solutions for digital banks, meeting the requirements for transaction authentication level D – the highest level under Decision 2345/QD-NHNN.”
Mr. Ondrej Kupka – A Wultra representative has emphasized SAVIS’ position as a crucial strategic partner, citing the company’s comprehensive Digital Signature Solution and Open Banking Platform. The representative stressed that this collaboration will benefit both parties and foster market growth. Wultra’s comprehensive authentication solution fully complies with the legal requirements outlined in Vietnam’s Decision No. 2345/QĐ-NHNN.
About SAVIS
SAVIS is a top-ranked Trust Service Provider and one of the TOP 10 leading Information Technology enterprises in Vietnam providing Platforms – Services – Solutions for Digital Transformation, Information Security, Fintech.
With twenty years of experience, SAVIS is an active member of numerous prestigious international organizations such as the International Archives Council (ICA), FIDO Alliance, Cloud Signature Consortium (CSC) and Trusted Service Providers Association that complies with eIDAS regulatory security requirements – GO.eIDAS, Open Timestamp Standards Association.
SAVIS boasts a comprehensive suite of digital solutions meticulously crafted by a team of top-tier experts, leveraging cutting-edge technology to adhere to all Vietnamese government regulations and international quality and security standards.
About Wultra
Wultra is a global pioneer in authentication, information security, and data privacy solutions. Wultra serves as a digital financial guardian, empowering banks and fintech companies with modern, easy-to-deploy authentication solutions that elevate customer experiences. As a trusted partner with an open-source, developer-friendly approach, Wultra’s solutions can be implemented in weeks, not months.
Wultra has established itself as a leading provider of digital banking security in the Czech Republic. The company is actively expanding its international market strategy.
