Curated by THEOUTPOST
On Wed, 31 Jul, 4:03 PM UTC
2 Sources
[1]
Backbase deepens commitment to Vietnam with launch of first global AI Center of Excellence in Ho Chi Minh City
Veteran banking leader Chris Shayan appointed as Head of AI to enhance AI capabilities across customer lifetime value in the Engagement Banking Platform HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 31 July 2024 - Backbase, the global leader in Engagement Banking, announces the establishment of its first global Center of Excellence (COE) focused on Artificial Intelligence (AI) in Ho Chi Minh City, Vietnam. The COE will serve as the development hub for Backbase's AI banking solutions worldwide and will be led by Head of AI Chris Shayan, a former CXO at Techcombank and HDBank. Backbase's strategic decision to establish this COE in Vietnam underscores its commitment to Asia. Vietnam is pegged as the fastest growing digital economy in Southeast Asia and recognized for its rapid digital transformation, innovative spirit, and growing pool of talent. Asia is a core region for Backbase and Vietnam has become one of the fastest growing markets in Asia, with key banks including Techcombank, TPBank, ABBANK, and OCB driving digital transformation through the Backbase Engagement Banking Platform. The Center of Excellence is strategically located near Saigon Center in District 1, occupying an entire floor dedicated to advancing AI development. The COE will bring together a talented team of engineers specializing in web, mobile, backend, AI, machine learning, and large language models (LLM), fostering rapid AI development and innovation. Chris Shayan, an industry veteran in AI and digital transformation, brings his vision and expertise to drive this initiative in Vietnam, where he has resided for more than a decade. According to Shayan, the COE's first product launch is targeted within 6 months of its establishment, reflecting Backbase's confidence in a rapid development cycle. "Vietnam is a crucial part of our global strategy. Having managed an 800-person team, of which 99% were Vietnamese, I can personally attest to the remarkable potential of Vietnamese talent in technology and innovation," Shayan stated. "At this stage, our focus for the COE is to harness this talent pool to create world-leading AI capabilities that help banks solve business problems on a global scale, leveraging the wealth of knowledge and experience from Backbase's portfolio of banks and tech experts." Before joining Backbase, Shayan led digital transformation initiatives as Techcombank's Chief Technology Officer, achieving benchmark-setting results in just 9 months. In addition, as the Chief Digital Officer at HD Bank, he led a transformation that saw 4x customer growth under his leadership. "The Center of Excellence will harness AI to deepen the value our customers can obtain from the Backbase Engagement Banking Platform, by increasing customer usage and servicing experience, as well as provide access to analytics for informed decision-making. The Center of Excellence aims to vertically integrate AI to uplift customer lifetime value and accelerate development and deployment of products for banks to have access to AI-driven features soon," adds Shayan. A forecast by McKinsey predicts that generative AI has the potential to create up to $340 billion in value for banks, while still in the nascent stages of AI development in the region. The CoE will prioritize practical AI applications to enhance business outcomes, rather than focusing solely on R&D efforts. The goal is to create AI capabilities that accelerate customer lifetime value and engagement, integrating these solutions seamlessly on top of Backbase's existing architecture. Vietnam as a growing hub for Backbase Backbase's annual flagship conference, ENGAGE, will take place in Ho Chi Minh City on September 11 - 12 this year. Core leadership team members, including the CEO, CPO, CTO, and Product Directors, will gather to share the latest global insights and unveil new technological innovations. A key highlight of this year's conference will be the focus on AI and the new Center of Excellence. With the theme "Banking Reinvented," the ENGAGE Asia 2024 will feature a wealth of content, from go-live success stories to pioneering achievements in digital banking and transformation. These presentations and use cases will showcase the real-world progress of Asian banks that have boldly embraced customer-centric approaches. Banking leaders from across Asia are invited to join this impactful event. Vietnam is growing to be a key hub for teams to come together from all across the Southeast Asian region and beyond. Through its investments in Vietnam, Backbase is set to redefine the boundaries of AI in the banking sector, driving innovation, customer engagement, and business growth for banks globally. Recent press releases on awards and go-live with Backbase's Vietnam customers Techcombank and Backbase Win 'Best Digital CXPartner - SME Bank' at the Digital CX Awards 2024 TPBank and Backbase Clinch 'Best Omni- Channel Digital CX Solution' at the Digital CX Awards 2024 OCB Launches OMNI 4.0 App Offering Instant Modern Financial Services in Just 6 months with Backbase Engagement Banking Platform Hashtag: #Backbase #digitalbanking #engagementbanking #retailbanking #omnichannelbanking #AI #AIbanking #businessbanking The issuer is solely responsible for the content of this announcement. Backbase is on a mission to re-architect banking around the customer. Backbase created the Backbase Engagement Banking Platform - a unified platform with the customer at the center, empowering banks to accelerate their digital transformation. From customer onboarding to servicing, loyalty, and loan origination, our single platform -- open and frictionless, with ready-to-go apps -- improves every aspect of the customer experience. Built from the ground up with the customer at the heart, our Engagement Banking Platform easily plugs into existing core banking systems and comes pre-integrated with the latest fintechs so financial institutions can innovate at scale. Industry analysts Gartner, Omdia, and IDC continuously recognize Backbase's category leadership position. Over 120 financial institutions around the world have embraced the Backbase Engagement Banking Platform. In APAC, the customers we serve include ABBANK, BDO Unibank, Bank of the Philippine Islands, China Bank, EastWest Bank, HDFC Bank, JudoBank, OCB, Techcombank, and TPBank. Backbase is a privately funded fintech company, founded in 2003 in Amsterdam (Global HQ), with regional offices in Singapore (APAC HQ), Atlanta (Americas HQ), and operations in Australia, India, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Latin America, and the UK. Backbase
[2]
Backbase deepens commitment to Vietnam with launch of first global AI Center of Excellence in Ho Chi Minh City | Taiwan News | Jul. 31, 2024 14:40
Veteran banking leader Chris Shayan appointed as Head of AI to enhance AI capabilities across customer lifetime value in the Engagement Banking Platform HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 31 July 2024 - Backbase, the global leader in Engagement Banking, announces the establishment of its first global Center of Excellence (COE) focused on Artificial Intelligence (AI) in Ho Chi Minh City, Vietnam. The COE will serve as the development hub for Backbase's AI banking solutions worldwide and will be led by Head of AI Chris Shayan, a former CXO at Techcombank and HDBank. Backbase's strategic decision to establish this COE in Vietnam underscores its commitment to Asia. Vietnam is pegged as the fastest growing digital economy in Southeast Asia and recognized for its rapid digital transformation, innovative spirit, and growing pool of talent. Asia is a core region for Backbase and Vietnam has become one of the fastest growing markets in Asia, with key banks including Techcombank, TPBank, ABBANK, and OCB driving digital transformation through the Backbase Engagement Banking Platform. The Center of Excellence is strategically located near Saigon Center in District 1, occupying an entire floor dedicated to advancing AI development. The COE will bring together a talented team of engineers specializing in web, mobile, backend, AI, machine learning, and large language models (LLM), fostering rapid AI development and innovation. Chris Shayan, an industry veteran in AI and digital transformation, brings his vision and expertise to drive this initiative in Vietnam, where he has resided for more than a decade. According to Shayan, the COE's first product launch is targeted within 6 months of its establishment, reflecting Backbase's confidence in a rapid development cycle. "Vietnam is a crucial part of our global strategy. Having managed an 800-person team, of which 99% were Vietnamese, I can personally attest to the remarkable potential of Vietnamese talent in technology and innovation," Shayan stated. "At this stage, our focus for the COE is to harness this talent pool to create world-leading AI capabilities that help banks solve business problems on a global scale, leveraging the wealth of knowledge and experience from Backbase's portfolio of banks and tech experts." Before joining Backbase, Shayan led digital transformation initiatives as Techcombank's Chief Technology Officer, achieving benchmark-setting results in just 9 months. In addition, as the Chief Digital Officer at HD Bank, he led a transformation that saw 4x customer growth under his leadership. "The Center of Excellence will harness AI to deepen the value our customers can obtain from the Backbase Engagement Banking Platform, by increasing customer usage and servicing experience, as well as provide access to analytics for informed decision-making. The Center of Excellence aims to vertically integrate AI to uplift customer lifetime value and accelerate development and deployment of products for banks to have access to AI-driven features soon," adds Shayan. A forecast by McKinsey predicts that generative AI has the potential to create up to $340 billion in value for banks, while still in the nascent stages of AI development in the region. The CoE will prioritize practical AI applications to enhance business outcomes, rather than focusing solely on R&D efforts. The goal is to create AI capabilities that accelerate customer lifetime value and engagement, integrating these solutions seamlessly on top of Backbase's existing architecture. Vietnam as a growing hub for Backbase Backbase's annual flagship conference, ENGAGE, will take place in Ho Chi Minh City on September 11 - 12 this year. Core leadership team members, including the CEO, CPO, CTO, and Product Directors, will gather to share the latest global insights and unveil new technological innovations. A key highlight of this year's conference will be the focus on AI and the new Center of Excellence. With the theme "Banking Reinvented," the ENGAGE Asia 2024 will feature a wealth of content, from go-live success stories to pioneering achievements in digital banking and transformation. These presentations and use cases will showcase the real-world progress of Asian banks that have boldly embraced customer-centric approaches. Banking leaders from across Asia are invited to join this impactful event. Vietnam is growing to be a key hub for teams to come together from all across the Southeast Asian region and beyond. Through its investments in Vietnam, Backbase is set to redefine the boundaries of AI in the banking sector, driving innovation, customer engagement, and business growth for banks globally. Recent press releases on awards and go-live with Backbase's Vietnam customers Techcombank and Backbase Win 'Best Digital CXPartner - SME Bank' at the Digital CX Awards 2024 TPBank and Backbase Clinch 'Best Omni- Channel Digital CX Solution' at the Digital CX Awards 2024 OCB Launches OMNI 4.0 App Offering Instant Modern Financial Services in Just 6 months with Backbase Engagement Banking Platform Hashtag: #Backbase #digitalbanking #engagementbanking #retailbanking #omnichannelbanking #AI #AIbanking #businessbanking https://www.backbase.com https://www.linkedin.com/company/backbase/ The issuer is solely responsible for the content of this announcement. Backbase Backbase is on a mission to re-architect banking around the customer. Backbase created the Backbase Engagement Banking Platform - a unified platform with the customer at the center, empowering banks to accelerate their digital transformation. From customer onboarding to servicing, loyalty, and loan origination, our single platform -- open and frictionless, with ready-to-go apps -- improves every aspect of the customer experience. Built from the ground up with the customer at the heart, our Engagement Banking Platform easily plugs into existing core banking systems and comes pre-integrated with the latest fintechs so financial institutions can innovate at scale. Industry analysts Gartner, Omdia, and IDC continuously recognize Backbase's category leadership position. Over 120 financial institutions around the world have embraced the Backbase Engagement Banking Platform. In APAC, the customers we serve include ABBANK, BDO Unibank, Bank of the Philippine Islands, China Bank, EastWest Bank, HDFC Bank, JudoBank, OCB, Techcombank, and TPBank. Backbase is a privately funded fintech company, founded in 2003 in Amsterdam (Global HQ), with regional offices in Singapore (APAC HQ), Atlanta (Americas HQ), and operations in Australia, India, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Latin America, and the UK.
Share
Share
Copy Link
Backbase, a fintech company, establishes its first Global AI Center of Excellence in Ho Chi Minh City, Vietnam, showcasing the country's growing importance in the global tech landscape.
Backbase, a leading fintech company specializing in digital banking solutions, has announced the launch of its first Global AI Center of Excellence in Ho Chi Minh City, Vietnam 1. This strategic move underscores Vietnam's growing importance in the global technology landscape and Backbase's commitment to leveraging the country's talent pool.
The new AI Center of Excellence is set to play a crucial role in Backbase's global operations. It will focus on developing cutting-edge AI technologies to enhance the company's digital banking platform 1. This initiative aims to accelerate innovation in areas such as natural language processing, computer vision, and machine learning, all of which are essential for creating more personalized and efficient banking experiences.
Vietnam has been gaining recognition as a hub for technology and innovation. The country's strong emphasis on STEM education and its young, tech-savvy workforce have attracted numerous international companies 2. Backbase's decision to establish its AI center in Ho Chi Minh City further validates Vietnam's potential in the global tech arena.
The establishment of the AI Center is expected to create numerous high-skilled job opportunities for local talent. Backbase plans to hire over 400 IT professionals in Vietnam by the end of 2023, with a significant portion dedicated to AI and machine learning roles 1. This move not only benefits the company but also contributes to the development of Vietnam's tech workforce.
This latest development is part of Backbase's broader expansion strategy in the Asia-Pacific region. The company has been steadily increasing its presence in Vietnam since 2019, with the AI Center marking a significant milestone in this journey 1. By tapping into Vietnam's talent pool, Backbase aims to strengthen its position as a leader in digital banking solutions.
The focus on AI development in banking solutions reflects the growing trend of digital transformation in the financial sector. As banks and financial institutions increasingly adopt AI-powered technologies, innovations from centers like Backbase's are likely to shape the future of banking services, offering more personalized, efficient, and secure experiences for customers worldwide.
VPBank, a leading Vietnamese bank, collaborates with CleverTap to enhance customer experience and drive higher conversions through AI-powered personalization and engagement strategies.
2 Sources
2 Sources
VinBrain, a leading AI company, introduces comprehensive AI and data platforms, including an annotation service that has benefited 8,000 disadvantaged individuals. The company's innovations are making significant strides in healthcare and social impact.
2 Sources
2 Sources
Appier, a Taiwan-based AI company, has expanded its BotBonnie chatbot platform to include Vietnamese language support and integration with Zalo, Vietnam's popular messaging app. This move aims to strengthen Appier's presence in the Southeast Asian market.
2 Sources
2 Sources
Nvidia CEO Jensen Huang's recent visits to Thailand and Vietnam highlight the company's commitment to developing sovereign AI capabilities in Southeast Asia, including new partnerships, AI centers, and strategic acquisitions.
15 Sources
15 Sources
FPT, a global IT firm, introduces FPT AI Factory in Japan, offering cloud services with NVIDIA H200 Tensor Core GPUs to accelerate AI development and promote sovereign AI solutions.
2 Sources
2 Sources
The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
© 2025 TheOutpost.AI All rights reserved