FPT Partners with Prudential Vietnam to Develop High-Tech Solutions

Hanoi, August 20, 2024, FPT Corporation ("FPT") signed a memorandum of strategic cooperation with Prudential Viet Nam Assurance Private Limited ("Prudential").

Under the memorandum of understanding, FPT will advise Prudential on a comprehensive digital transformation strategy, provide advanced IT solutions, and implement non-cash payment systems. This collaboration aims to enhance Prudential's management efficiency and expand its operational scope.

The strategic partnership between Prudential and FPT underscores their commitment to the "customer-centric" motto, harnessing technology to deliver an exceptional customer experience.

FPT Corporation has signed a MoU with Prudential Vietnam to advance comprehensive digital transformation, including the provision of advanced IT solutions and non-cash payment systems.

Following the signing, FPT will develop a comprehensive IT strategy for Prudential, ensuring synchronization and effective implementation. The partnership will prioritize the deployment of electronic payment solutions to expedite transactions through Prudential’s PRUOnline application.

The two parties will also collaborate on incentive programs for mutual customers, offering integrated, convenient products and services tailored to customer needs.

Ms. Nguyen Thanh Ha - Deputy CEO of Insurance Transactions at Prudential - at the event.

At the signing ceremony, Ms. Nguyen Thanh Ha, Deputy CEO of Insurance Transactions at Prudential, stated: “The partnership between Prudential and FPT is driven by our commitment to maximizing customer benefits, particularly through optimizing processing systems. In today’s digital era, speed and efficiency in service delivery are crucial for customer satisfaction. By integrating FPT’s advanced solutions with Prudential’s extensive industry experience, we are confident that this collaboration will enhance the insurance service experience, making it more seamless, convenient, and secure for our customers.”

Mr. Vu Anh Tu, CTO of FPT, noted: "FPT and Prudential Vietnam have collaborated for 15 years, providing infrastructure and IT services with notable success, advancing the development of both organizations. Today, we reach a new milestone, with FPT becoming Prudential Vietnam's comprehensive digital transformation partner, particularly in the payment sector, alongside our collaboration with Visa."

Mr. Vu Anh Tu, CTO of FPT Corporation, expressed his hope that the partnership with Prudential would lead to further offerings for customers and the broader Vietnamese community.

Mr. Vu Anh Tu affirmed: "FPT has launched the DC5 (Digital Conglomerate 5.0) strategy, which focuses on developing products, services, and solutions for organizations, businesses, and individuals using AI and Data. Notably, our Happy Club offers various convenient services from childhood through adulthood. With an ecosystem of over 200 products and solutions, FPT aims to further collaborate with Prudential to enhance offerings for our customers and the broader Vietnamese community."

The signing ceremony was conducted in the presence of the VISA International Card Organization. Mr. Previn Pillay, Senior Vice President of Business Development and Payment Acceptance for the VISA Asia-Pacific region, remarked: "We are delighted with the cooperation strategy between Prudential and FPT, which aims to foster growth and enhance payment capabilities. VISA is dedicated to supporting stakeholders in developing a diverse ecosystem, driving technological innovation, and advancing comprehensive financial solutions to benefit users and businesses."

FPT Corporation is a leading technology enterprise in Vietnam, specializing in software, digital transformation, telecommunications, and education. Recognized as the region's most prominent IT service provider, FPT is also listed among the Top 50 Asian IT Services Companies (according to Gartner Market Share: Services, Worldwide, 2023). The Corporation excels in delivering consultancy and solutions for digital and green transformations to organizations and businesses worldwide.

Prudential Viet Nam Assurance Private Limited (Prudential) is part of Prudential Group plc, which offers life insurance, health, and wealth management solutions across 24 markets in Asia and Africa. With 25 years of operation in Vietnam, Prudential serves 7 million customers and is dedicated to expanding the life insurance market while reshaping people's perceptions of insurance.