Vietnam Challenge

On November 28th The Fintech Challenge Vietnam was officially launched. The Australian government  sponsor Mekong Business Initiative (MBI) and The Asian Development Bank (ADB) coordinated with the State Bank of Vietnam (SBV) to organize the “Fintech Challenge Vietnam (FCV)” as well as the “Fintech Vietnam Forum 2018” to make its debut in Vietnam for the very first time. There were 141 participating FinTech start-ups from 27 countries and after 6 months of challenges and intriguing presentations from the finalists the challenge culminated on May 30, when Weezi Digital Corporation (Vietnam) was named as the FCV champion in the Awarding ceremony from 16 other finalists.

After the award ceremony, Huy explained why he thought Weezi were worthy winners, “Weezi showed a very impressive implementation of biometrics. Not only because the demo on stage worked flawlessly – both for voice and facial recognition – but more importantly because they managed to go from first meeting to implementation with Vietinbank in just 2 months. This was certainly the best illustration of the impact that the Fintech Challenge Vietnam has as a catalyst for more adoption of technology in finance.”

This challenge was set on a global scale bringing in Fintech experts as panelists from all over the world. For this reason, we were honoured that our Co-founder Huy Nguyen Trieu was asked to be one of the judges during this challenge alongside! The magnitude of talent and skill had no limit as well as the creative flow exuding from the contestants was boundless.

After the Fintech Challenge Vietnam ended the focus shifted to the Fintech Vietnam Forum 2018 where Huy Nguyen Trieu was featured as one of the keynote speakers.

For his talk, Huy Nguyen Trieu spoke about the ‘Tipping point of finance’ and focused on the opportunities for Fintech in Asia. His talk followed on from CFTE’s tour of Asia in March 2018 when we visited Vietnam, Singapore, Hong Kong and Malaysia to promote education as a key pillar in enabling the Fintech ecosystem of Asia to flourish.

From serving the underbanked, through increased access to financial services, to improving economic prosperity for millions, the potential for Fintech to have a positive impact in Asia is huge. As Fintech becomes a central focus for many of Asia’s economies, education, the cornerstone of human endeavor, has a central role to play if Fintech is to reach its potential in Asia.

It’s a fundamental point. Without the right knowledge, entrepreneurs cannot be made, startups cannot grow and incumbent financial institutions cannot deliver more innovative digital solutions. Thus investing in human capital is a crucial pillar in nurturing the growth of Fintech.

With this in mind, Huy’s latest visit to Vietnam served to strengthen bonds with one of Asia’s fastest growing economies where Fintech is receiving significant backing from the government.

Events like the Fintech Vietnam Challenge and the Fintech Vietnam Forum are central to the government’s plan in attracting global Fintech talent and in the process spurring the growth of its Fintech sector, much like Hong Kong and Singapore have done before it – and judging by the success of the latest round of events, Vietnam is well on the path towards replicating their success.

 

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Vietnam Challenge

On November 28th The Fintech Challenge Vietnam was officially launched. The Australian government  sponsor Mekong Business Initiative (MBI) and The Asian Development Bank (ADB) coordinated with the State Bank of Vietnam (SBV) to organize the “Fintech Challenge Vietnam (FCV)” as well as the “Fintech Vietnam Forum 2018” to make its debut in Vietnam for the very first time. There were 141 participating FinTech start-ups from 27 countries and after 6 months of challenges and intriguing presentations from the finalists the challenge culminated on May 30, when Weezi Digital Corporation (Vietnam) was named as the FCV champion in the Awarding ceremony from 16 other finalists.

After the award ceremony, Huy explained why he thought Weezi were worthy winners, “Weezi showed a very impressive implementation of biometrics. Not only because the demo on stage worked flawlessly – both for voice and facial recognition – but more importantly because they managed to go from first meeting to implementation with Vietinbank in just 2 months. This was certainly the best illustration of the impact that the Fintech Challenge Vietnam has as a catalyst for more adoption of technology in finance.”

This challenge was set on a global scale bringing in Fintech experts as panelists from all over the world. For this reason, we were honoured that our Co-founder Huy Nguyen Trieu was asked to be one of the judges during this challenge alongside! The magnitude of talent and skill had no limit as well as the creative flow exuding from the contestants was boundless.

After the Fintech Challenge Vietnam ended the focus shifted to the Fintech Vietnam Forum 2018 where Huy Nguyen Trieu was featured as one of the keynote speakers.

For his talk, Huy Nguyen Trieu spoke about the ‘Tipping point of finance’ and focused on the opportunities for Fintech in Asia. His talk followed on from CFTE’s tour of Asia in March 2018 when we visited Vietnam, Singapore, Hong Kong and Malaysia to promote education as a key pillar in enabling the Fintech ecosystem of Asia to flourish.

From serving the underbanked, through increased access to financial services, to improving economic prosperity for millions, the potential for Fintech to have a positive impact in Asia is huge. As Fintech becomes a central focus for many of Asia’s economies, education, the cornerstone of human endeavor, has a central role to play if Fintech is to reach its potential in Asia.

It’s a fundamental point. Without the right knowledge, entrepreneurs cannot be made, startups cannot grow and incumbent financial institutions cannot deliver more innovative digital solutions. Thus investing in human capital is a crucial pillar in nurturing the growth of Fintech.

With this in mind, Huy’s latest visit to Vietnam served to strengthen bonds with one of Asia’s fastest growing economies where Fintech is receiving significant backing from the government.

Events like the Fintech Vietnam Challenge and the Fintech Vietnam Forum are central to the government’s plan in attracting global Fintech talent and in the process spurring the growth of its Fintech sector, much like Hong Kong and Singapore have done before it – and judging by the success of the latest round of events, Vietnam is well on the path towards replicating their success.

Subscribe to our Weekly Newsletter
2018-08-01T16:13:50+00:00