In 2020, Financial Software Solutions Joint Stock Company (FSS) continued to strengthen its position as a leading technology partner in the banking, securities, and public sectors through a series of major project implementations, strategic partnerships, and successful system go-lives. The projects reflected FSS’s growing capabilities in delivering comprehensive solutions for securities trading, custody banking, centralized data management, and government digital transformation initiatives.

On March 18, 2020, Phu Hung Securities Corporation (PHS) and FSS signed a contract to implement the FDS derivatives securities trading and management system. The project scope included all modules supporting derivatives trading operations currently available in the Vietnamese market. Notably, the system also featured Long/Short signal recommendations to support investors in making trading decisions.

With the FDS platform, PHS aimed to expand its product and service offerings while enhancing the trading experience for investors in the derivatives market.

On April 16, 2020, Viet Thanh Securities Corporation (VTS) and FSS signed a contract to implement the FLEX securities management and trading system. The project covered standard securities operation modules and was expected to support VTS in developing flexible and competitive financial products and services.

Continuing its expansion in custody banking solutions, from May 15, 2020, Shinhan Bank Vietnam officially launched and operated the Custodian Banking and Fund Supervision Service software system developed by FSS.

The comprehensive solution enabled Shinhan Bank Vietnam to strengthen its operational capabilities in custody services, fund supervision, and fund administration activities. The project was also expected to support the bank in attracting more investment funds and institutional customers to use its custody services.

On July 24, 2020, HDB Securities (HDBS) and FSS signed a contract to implement the FLEX securities management and trading system. Through the FLEX platform, HDBS aimed to develop highly competitive financial products and provide investors with seamless trading experiences across multiple channels such as Web Trading and Mobile Trading.

Expanding into the public sector, on August 4, 2020, the General Department of Taxation (GDT) and FSS signed a contract for centralized data consolidation of applications outside the Tax Management System (TMS).

Before the implementation of the centralized TMS platform, many tax management applications had been deployed separately across provincial and district tax departments. Under the project scope, FSS would consolidate historical data from these systems into a centralized platform managed by the General Department of Taxation, supporting long-term storage, preservation, and historical data retrieval.

The project was expected to help the tax sector reduce risks related to aging infrastructure at local tax departments while ensuring the safety and sustainability of critical historical tax data.

On August 5, 2020, the Vietnam Securities Depository (VSD) and FSS signed a contract to develop a system for calculating, managing, and utilizing margin obligations in the underlying securities market.

The system was designed to provide tools for monitoring and managing margin obligations of clearing members when VSD acts as a Central Counterparty Clearing (CCP). The project aimed to enhance market risk management capabilities while contributing to the sustainable development of Vietnam’s securities market.

Continuing its cooperation with the tax sector, on November 6, 2020, the General Department of Taxation and FSS signed a contract for providing Application Administration Services for the Tax sector in 2020.

Under the project, FSS would provide expert resources to support the administration and operation of tax application systems, ensuring stable, efficient, and uninterrupted performance across the sector’s critical applications.

Later, on November 26, 2020, the General Department of Taxation and the consortium of FPT Information System (FIS) and FSS signed a contract for upgrading the Tax Data Warehouse System and the Registration Tax and Housing/Land Tax Management System.

Within the project scope, FSS was responsible for upgrading the registration tax and housing-land tax management system to comply with newly issued regulations and legal circulars, while also coordinating with FIS to upgrade the tax sector’s centralized data warehouse platform. The project was expected to be implemented within one year.

Closing out the year, on November 30, 2020, RHB Securities Vietnam (RHBSVN) and FSS signed a licensing and implementation agreement for the FLEX securities software platform.

Under the agreement, FSS would provide installation, licensing, deployment, customization, and support services for the latest version of the FLEX system tailored to RHBSVN’s operational requirements. The partnership also reflected a long-term strategic cooperation commitment between the two companies, aimed at strengthening sustainable collaboration and leveraging each party’s strengths in future development initiatives.

Through these projects and partnerships, FSS continued to reinforce its reputation as a trusted technology provider capable of delivering large-scale and mission-critical systems for financial institutions, securities firms, and government agencies, while contributing to the modernization and digital transformation of Vietnam’s financial and public sectors.