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SWITCH 2020 will be held in Singapore This is to co-innovate complementary technologies to support its eKnow Your Customer (eKYC) solution which enables digital banking for banks and financial institutions. Powered by AI, facial and optical character recognition technologies, eKYC is a digital tool to facilitate the mandatory process of identifying and verifying the identity of clients when opening or closing accounts and when carrying out banking transactions. Corporates from Thailand and Malaysia will also be unveiling problem statements at the Open Innovation Challenge dedicated to the region, with the aim of leveraging Singapore’s business-friendly environment, strong infrastructure and proximity to Southeast Asia to co-develop and scale new innovative solutions. Deepening innovation partnerships VNG Cloud’s participation at SWITCH 2020 caps a series of initiatives to deepen innovation partnerships in a two-year MoU that was signed in 2018 between the National Agency … [Read more...] about VNG Cloud eyes new fintech solution partners at SWITCH 2020

Tran Ngoc Thai Son, founder of Tiki, an e-commerce platform. — Photo courtesy of Tiki Two founders of Vietnamese tech companies were listed in the Southeast Asia’s top 30 tech founders this year by technology and start-up platform techinasia.com . They are Tran Ngoc Thai Son, founder of e-commerce platform Tiki, and Le Hong Minh, CEO of VNG Group. Southeast Asia is home to many smart and inspirational founders who have started companies that have fetched millions or even billions of dollars in funding. In the past two years, funding raised by the region’s start-ups rose threefold, soaring from US$2.52 billion in 2016 to $7.86 billion in 2017. Southeast Asia’s top 30 tech founders list features entrepreneurs who run a start-up and they are ranked based on their personal track record and their firms’ public data (funding, revenue and valuation), using data from the past two years. They are placed into three groups based on their company’s size: the up-and-comers, … [Read more...] about Two Vietnamese tech founder listed in Southeast Asia’s top 30 tech founders

Fintech topped the list of start-up investment sectors in 2018 with eight deals worth US$117 million. — Photo vir.com.vn Vietnamese start-ups were invested in to the tune of US$900 million in 2018, tripling the previous year’s investment, according to a report recently released by Topica Founder Institute (TFI), a start-up accelerator programme in Viet Nam and Thailand. VNG Corporation became Viet Nam’s first ever unicorn tech start-up and was valued at $1 billion by the World Startup Report in 2014, a figure expected to rise in the 2018 report. Meanwhile, Yeah1 became the first media company in Viet Nam to be listed in the stock market with a valuation of $500 million. Its ambition is to become the first unicorn start-up in the communications industry in Southeast Asia within the next three years. Director of TFI Mai Duy Quang described 2018 as a successful year for Vietnamese start-ups. The five most profitable fields for start-ups were financial tech (Fintech), … [Read more...] about Nearly $900 million injected into Vietnamese start-ups in 2018

The failure of emergency power supply at VNG Corporation in HCM City-based Quang Trung Software City caused access errors to a number of online newspapers and news websites yesterday morning.— VNA/VNS Photo HCM CITY — The failure of emergency power supply at VNG Corporation in HCM City-based Quang Trung Software City caused access errors to a number of online newspapers and news websites yesterday morning. Lâm Nguyễn Hải Phong, director of the Quang Trung Software City Development Company Ltd, said the problem affected some online newspapers and news websites  that VNG provides services for, including Thanh Niên (Young People), Sài Gòn giải phóng (Liberated Saigon), Pháp luật Thành phố Hồ Chí Minh (HCM City Law) and Zing.vn. It did not affect other systems and enterprises in the city, he said. According to Long, the Quang Trung Software City had previously announced a temporary power cut for maintenance on Sunday to some enterprises that might be affected to have ensure … [Read more...] about Power supply failure cut access to online newspapers

BEIJING: China recorded three new confirmed cases of the novel coronavirus as of the end of Friday (Jun 5), down from five the day before, the national health authority reported. All of the cases were imported, involving travellers arriving from abroad, the National Health Commission (NHC) said on its website. The NHC also confirmed two new asymptomatic cases, or people who are infected with the virus but do not show symptoms, compared with three the day before. The total number of infections in China, where the virus first emerged late last year, stands at 83,030. With no new deaths reported, the death toll remained 4,634. BOOKMARK THIS: Our comprehensive coverage of the coronavirus outbreak and its developments Download our app or subscribe to our Telegram channel for the latest updates on the coronavirus outbreak: https://cna.asia/telegram … [Read more...] about China reports 3 new COVID-19 cases, 2 asymptomatic cases