FPT Information System (FPT IS) and TPBank had recently joined hands on “Provision of System building and Big Data analysis” – the first Big Data contract among Vietnamese banks.
We cannot deny the strong impact of the 4th industrial revolution on the economic and social development around the world, with one notable technology being Big Data Analyst. This technology, in particular, is a core value for the application and development of Internet of Things (IoT) and artificial intelligence (AI).
In the Big Data race, FPT IS is providing platforms for development solutions to big data analysis problems, as well as building procedure platforms for developing machine learning models, analyzing deep data, and storing prevalent data types of customers.
The newly signed contract of “Provision of System building and Big Data analysis” with TPBank is the first Big Data contract among banks in Vietnam, and is composed of the following major parts:
- Data Lake – built on the basis of open platform Hortonworks Data Platform (HDP) – for storing of Big Data from various sources, including raw and unstructured data;
- Watson Studio Local – platform for building machine learning models, integrated with IBM Integrated Analytics System (IIAS) for the optimization of high-speed data analysis and model training time.
The contract shall also deploy the Business Case “Prediction on customer leaving service/product” – Customer Churn, which collects TPBank’s customer data to build a predictive machine learning model, and holes the capability to:
- Use the model’s output results to explain customers’ reasons for leaving;
- Customer grading, which can pinpoints interested customers following particular target standards.
In action, the system will also allow Smart Search, which can extract data from various text sources, including Word/PDF/XLS, and provide searchable user credit verification blocks, making verification much easier for banks.
The contract with TPBank is FPT IS’ new step of the future, and in continuation of these efforts, FPT IS shall carry on with Big Data Analyst solutions and counselling for Maritime Bank (MSB), Techcombank, Vietinbank, BIDV, Credit Info Center – CIC….
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