Who is eligible to be a hosted buyer at the World Financial Innovation Series (WFIS)?

A hosted buyer is a key decision-maker or senior executive from leading financial institutions in Ho Chi Minh City who: is actively seeking financial solutions showcased at WFIS, is willing to travel to Hanoi for the event, possesses strong purchasing power, commits to one-on-one meetings with selected solution providers, and agrees to stay for the full duration of the event.

How can someone become a hosted buyer at WFIS?

Selection is at the discretion of the event organizers, who will handpick the top 25 technology and digital leaders from Ho Chi Minh City’s foremost banks and financial institutions.

What criteria influence the selection process for the WFIS hosted buyer program?

Hosted buyers are chosen based on their purchasing authority, allocated budget for vendor procurement, specific solutions they seek, and implementation timelines. The selection focuses on senior executives from Ho Chi Minh City who demonstrate strong purchasing intent for solutions featured at WFIS.

What benefits do hosted buyers receive at WFIS?

Hosted buyers enjoy complimentary flights and 5-star accommodation, full access to the event, exclusive entry to the 'Hosted Buyers Lounge,' insights into key financial services topics, exposure to cutting-edge financial technologies, and the opportunity to engage in one-on-one meetings with preferred solution providers.

What are the responsibilities of a hosted buyer at WFIS?

A hosted buyer must actively participate in networking and solution exploration, commit to at least 10 one-on-one meetings with chosen solution providers, and remain present for the full duration of the event.

AI & emerging technologies take over Vietnam’s financial services by storm

March 20, 2024

Hanoi, 19^th February 2024: The country has acknowledged the adoption of AI and new technologies as the primary fuel for FSI’s long-term development. According to Finastra’s Financial Services State of the Nation Survey 2023, 94 percent of Vietnam’s financial institutions are looking forward to the opportunities presented by AI. So much so that AI in e-banking applications and e-wallets is gradually becoming a norm. Renowned banks have now started implementing facial recognition technology and Face ID identification kiosks, further boosting AI adoption.

On the other hand, Vietnamese consumers are heavily relying on smart payment products wherein mobile payments is witnessing billions of dollars in transactions each day. Visa’s survey clearly states that about 90 percent of consumers have shown strong interest in digital banking and intend to use it in the future.

Natural language processing (NLP), a subfield of artificial intelligence is also gaining rampant popularity as currently close to 41 percent of financial institutions are leveraging the technology to personalize marketing for their clientele.

Furthermore, to achieve net zero carbon emissions by 2050, it’s extremely crucial for Vietnam’s FSI to inculcate proper ESG standards. In that light, PwC Vietnam has forecasted that financial institutions could earn as much as $1.7 billion by issuing green bonds, social bonds, and sustainable bonds for ESG initiatives. Know the latest information on Vietnam’s financial services industry and the many associated grand opportunities by being a part of World Financial Innovation Series (WFIS) 2024 – Vietnam.