Data For Life 2024 is an international competition that aims to discover innovative ideas, solutions, and technology products from young talents in Vietnam and abroad. It focuses on leveraging big data and artificial intelligence to address social issues and contribute to the development of a digital government, society, and economy. The contest is organized by the Population Data and Civil Status Center, the Police Administration Bureau for Social Order (Ministry of Public Security), Hanoi University of Science and Technology, and Vietnam Television (VTV).
NCB Bank’s technology initiative wins Encouragement Award at Data for Life 2024
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During its over two-month duration, Data For Life 2024 attracted 376 teams from all over Vietnam and international projects from countries such as Australia, Singapore, South Korea, and Indonesia. In this year’s final round, the top six teams presented their creative and trend-leading digital products and solutions, engaging in lively debates with the judging panel.
As a “rookie” in the “Data for Life” contest and a relatively new player in the field of information technology in the financial banking sector, NCB Bank’s team impressed the judges with their project, “Cloud-based Integrated ML Model and Feature Serving Platform.” This solution showcases a high level of feasibility in utilizing artificial intelligence (AI) and population data systems to enhance social welfare services and economic development.
NCB’s Cloud-based Integrated ML Model and Feature Serving Platform aims to efficiently deploy machine learning models and optimize resources in the fields of technology and AI across a diverse range of social domains. The system employs a multitude of optimized algorithms, ranging from raw data processing to calculation variable optimization, ensuring swift and accurate responses to all requests.
With its adaptability, high applicability, and seamless integration, NCB’s solution can effectively support the deployment of machine learning models and optimize resources in technology and artificial intelligence across various social sectors, including healthcare, education, security, and social welfare.
NCB Bank’s team presents their project, “Cloud-based Integrated ML Model and Feature Serving Platform,” at the final round.
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“We highly appreciate NCB Bank’s investment, creativity, and their ability to implement this solution in practice and apply it on a large scale,” said Mr. Dinh Viet Sang, Vice Principal of the School of Information and Communication Technology, Hanoi University of Science and Technology, and representative of the Data For Life 2024 judging panel.
Mr. Nguyen Van Khanh, Head of NCB Bank’s participating team, shared his joy at the event: “We are thrilled and honored to have participated in such a meaningful competition as Data for Life 2024, which fosters creativity and encourages the application of data science in daily life. We are deeply grateful that our solution, which we have dedicated our hearts and minds to researching and developing, has been highly regarded. This recognition fuels our determination to continue our digital transformation journey and contribute practical and sustainable values to the community.”
Over the past two years, NCB Bank has consistently invested in infrastructure and technology solutions to materialize various initiatives and implement complex digital transformation projects. They have also forged partnerships with leading global and domestic technology partners to deploy solutions such as the Cloud Infrastructure and Data Lake Platform on Google Cloud, Customer Relationship Management (CRM) Platform, Artificial Intelligence and Machine Learning (AI/ML) Platform, and the Decision Engine project. These collaborations enable the bank to efficiently adopt new solutions, models, and technologies.
NCB Bank aims for a comprehensive digital transformation to deliver valuable experiences to its customers and the community.
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Recently, NCB Bank took the lead in offering its customers a superior banking experience by being the first bank to integrate the account opening feature from the Ministry of Public Security’s VNeID electronic identification application. By connecting the NBC iziMobile app with VNeID, citizens have a simpler, safer, and more convenient option for opening bank accounts and accessing financial services. This initiative promotes cashless payments and accelerates digital transformation. Moving forward, NCB Bank plans to develop products and services that leverage population data to better serve the bank’s operations and positively impact the development of a digital economy and society, aligning with the government’s vision.
The award received at Data for Life 2024 recognizes this bank’s determination and efforts in its robust digital transformation strategy, constantly enhancing value for its customers and bringing practical benefits to the community and society.
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