Trusting Social announces strategic cooperation with Masan Group
A strategic partnership between Trusting Social and Masan to develop an artificial intelligence-based consumer technology platform that delivers tailored retail and financial products to serve 27 million homes Vietnam. By combining Masan’s vision of off-line to online with Trusting Social’s technology capabilities and experience, the platform will provide Masan’s consumers with the opportunity easy access to personalized financial technology (fintech) solutions. In addition, the partnership will help Masan drive efficiency in its core business by leveraging Trusting Social’s artificial intelligence capabilities in areas as diverse as store selection and retail. retailing, demand and supply planning, product assortment and development.
Mr. Nguyen An Nguyen, founder and CEO of Trusting Social shared: “I am really glad that Vietnam has created a credit scoring platform based on artificial intelligence (Artificial Intelligence). and machine learning used by financial institutions across Asia to better serve their consumers.Our partnership with Masan is exciting as we expand our platform. From credit access to total solutions for consumers, Masan and Trusting Social both believe that Vietnam can create transformation and breakthrough on par with global companies.”
Masan Group CEO Danny Le shared: “Walmart Corporation has invested heavily to develop a platform based on artificial intelligence and machine learning and turn the platform into a leading platform serving customers. From offline to online. The cooperation with Trusting Social will give Masan a similar advantage, but only for the 100 million Vietnamese consumer market. develop that platform from simply assessing credit to a comprehensive solution serving consumers”.
“We remain true to our mission to help consumers access world-class financial services. This partnership will significantly accelerate our mission,” Dong said. Founder and Director of Data Science – Mr. Huynh Ngoc Tuyen shared more.
With this strategic partnership with Masan, Trusting Social has gone a long way in achieving its goal of providing one hundred million lines of credit to people who previously lacked access to financial products in emerging markets. high growth markets across Asia.
Trusting Social’s advisors in this transaction are BDA Partners, Rajah & Tann, Allens and LMP Lawyers.
Trusting Social
Trusting Social is an AI-based financial technology company that aspires to popularize financial services through financial and consumer insights based on artificial intelligence technology. Trusting Social provides services to over 170 financial institutions across Vietnam, Indonesia, India and the Philippines. Trusting Social has built a win-win partnership with banks and pioneering consumer brands to deliver disruptive financial products to consumers wherever they shop.
Masan Group Joint Stock Company
Masan Group Joint Stock Company (“Masan”) believes that in order to have a good reputation, one must do good, good deeds. Masan’s mission is to provide better products and services to the 100 million people of Vietnam, so that they can spend less on their daily necessities. Masan aspires to achieve this goal by driving business productivity with technology innovations, trusted brands, and focusing on small numbers but bigger opportunities, impacting lives more. best.
Masan Group’s subsidiaries and affiliates are industry leaders in branded FMCG, branded meat, modern retail, F&B retail, financial services, telecommunications and chemical processing, together represent segments of the Vietnamese economy that are undergoing transformative developments.
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