Trusting Social brings AI-powered agents to enterprises, backed by Microsoft Cloud

By Nguyen Huong
Fri, June 30, 2023 | 4:37 pm GMT+7

Trusting Social, a leading Asian fintech AI company, has announced the launch of Agent Foundry, a generative AI platform that provides trainable, AI-powered autonomous agents to enterprises.

Agent Foundry will integrate Microsoft Cloud and AI technologies.

Agent Foundry makes its debut on June 29, 2023 in Ho Chi Minh City, southern Vietnam. Photo courtesy of Trusting Social.

Agent Foundry makes its debut on June 29, 2023 in Ho Chi Minh City, southern Vietnam. Photo courtesy of Trusting Social.

The platform’s soft launch took place during the signing ceremony for the memorandum of understanding (MoU) between Trusting Social and Microsoft on Thursday. This marks a strategic collaboration to develop a generative AI-based solution tailored for emerging markets, especially Southeast Asia, over the next 5 years.

At the event, Trusting Social showcased ALICE, a generative AI-powered sales and relationship management agency that helps brands to reach out to millions of consumers; ANANSI, a business and data analytics agent; and ALAN, an AGI-based software programming agent.

Foundry Agents combine high-level business reasoning with powerful Big Data predictive modeling, vast industry domain knowledge, a wide range of digital skills (from using office applications to advanced data analytics and coding), and enterprises’ rich customer data to assist knowledge workers become more productive.

Foundry Agents appeal to enterprises thanks to their design to adhere to high standards for data privacy, security, social sensibility and controllability, their ability to strictly follow business rules, learn on the job, and proactively take actions in a business context with minimal human supervision.

Agent Foundry integrates Azure cloud services, secure and open-source friendly, and GitHub Enterprise, the developer and productivity tool under the Microsoft for Startups Founder Hub program.

"Foundry Agents aim to help businesses transform themselves in the age of generative AI," said Nguyen An Nguyen, CEO of Trusting Social.

"We are thrilled to bring AGI products to the Vietnam and Southeast Asian markets. Foundry Agents empower human workers to focus more on creativity, strategic thinking, decision-making, and human interactions, instead of repetitive, quantitative, and mundane tasks.

"These agents aid humans in problem-solving rather than taking over their jobs, as employees' creativity and judgment cannot be replaced. We expect a worker to employ dozens of autonomous agents for their daily tasks. They will increase the productivity of knowledge workers, lower the cost of servicing mass consumers, and transform the knowledge economy in the region."

Trusting Social CEO Nguyen An Nguyen speaks at Agent Foundry's debut on June 29, 2023 in Ho Chi Minh City. Photo courtesy of the firm.

Trusting Social CEO Nguyen An Nguyen speaks at Agent Foundry's debut on June 29, 2023 in Ho Chi Minh City. Photo courtesy of the firm.

Trusting Social aims to serve multiple industries, starting with the financial sector before expanding to consumer goods, telecommunications, and professional services. The launch of Agent Foundry is a significant milestone for Trusting Social, showing its decade-long commitment to advancing AI to enable businesses to better serve mass consumers with lower costs.

At the launch ceremony, Trusting Social and Microsoft Vietnam also signed a two-year MoU on collaborative research & development. As part of the MoU, both sides will pursue strategic research, technical development, and go-to-market collaboration. Trusting Social will integrate the Microsoft Azure cloud computing platform, services, solutions, and other technologies in connection with data analytics, OpenAI, and cognitive services for an Azure AI project.

Nguyen Quynh Tram, country general manager of Microsoft Vietnam, added: “We look forward to collaborating with Trusting Social to empower world-class financial access for the unbanked users. While AI is a defining technology of our time, we are optimistic that it will benefit the underserved communities in Vietnam and Southeast Asia.”

Last year, Trusting Social was also successfully selected to join the Microsoft for Startups Founders Hub, a new digital and truly inclusive platform for founders in Asia. Under the program, Trusting Social was provided free access to Microsoft's technology, tools, and resources to develop its AGI-empowered tools to deliver financial access for all.

Comments (0)
  • Read More
Vietnam, Brazil elevate bilateral ties to strategic partnership

Vietnam, Brazil elevate bilateral ties to strategic partnership

Vietnam and Brazil issued a joint statement on elevating their bilateral relations to a Strategic Partnership in Rio de Janeiro on Sunday (local time) on the occasion of Prime Minister Pham Minh Chinh’s ongoing trip to the Latin American nation to attend the G20 Summit and join bilateral activities.

Politics - Mon, November 18, 2024 | 8:11 am GMT+7

The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment

The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment

A seminar themed “Removing legal bottlenecks for infrastructure and property investment” will be organized by The Investor in Hanoi on Tuesday.

Companies - Mon, November 18, 2024 | 7:52 am GMT+7

State-owned housing developer HUD has new chairman

State-owned housing developer HUD has new chairman

Dau Minh Thanh, chief of the Ministry of Construction (MoC) Office, has been appointed chairman of the ministry’s Housing and Urban Development Corporation (HUD).

Companies - Sun, November 17, 2024 | 9:34 pm GMT+7

Vietnam private lender LPBank reports $394 mln profit in 10 months

Vietnam private lender LPBank reports $394 mln profit in 10 months

Hanoi-based Loc Phat Vietnam Joint Stock Commercial Bank, or LPBank, logged an after-tax profit of VND10 trillion ($394 million) in the first 10 months of this year, said its leadership at the EGM on Saturday.

Banking - Sun, November 17, 2024 | 3:30 pm GMT+7

Vietnam stock market unlikely to experience further steep declines in next sessions: experts

Vietnam stock market unlikely to experience further steep declines in next sessions: experts

The probability of continued sharp falls in the Vietnamese stock market over the next sessions is relatively low, barring unexpected geopolitical turbulences that could cause significant volatility, according experts.

Finance - Sun, November 17, 2024 | 1:30 pm GMT+7

Taiwan’s Cooler Master gets nod for $125 mln additional investment in northern Vietnam

Taiwan’s Cooler Master gets nod for $125 mln additional investment in northern Vietnam

Taiwan-headquartered Cooler Master, a global computer hardware giant, especially in cooling devices, will invest an additional $125 million in the northern province of Bac Ninh, according to a project report.

Industries - Sun, November 17, 2024 | 10:00 am GMT+7

Vingroup’s hospitality arm Vinpearl becomes public company as part of listing plan

Vingroup’s hospitality arm Vinpearl becomes public company as part of listing plan

Vinpearl JSC, a hospitality subsidiary of conglomerate Vingroup, has completed its registration as a public company, the State Securities Commission of Vietnam (SSC) said on Friday.

Companies - Sun, November 17, 2024 | 9:00 am GMT+7

Vietnam pledges to make more contributions to APEC cooperation

Vietnam pledges to make more contributions to APEC cooperation

APEC leaders adopted a joint statement and endorsed two signature initiatives proposed by host country Peru: the Lima Roadmap to Promote the Transition to Formal and Global Economy and the Ichma Statement on a New Look to Advance the Free Trade Area of the Asia-Pacific.

Politics - Sun, November 17, 2024 | 8:05 am GMT+7

Construction of $2.3 bln central Vietnam LNG power plant to restart in 2026

Construction of $2.3 bln central Vietnam LNG power plant to restart in 2026

Construction of the 1,500-MW Hai Lang Power Center project in Quang Tri province will restart on January 1, 2026, the project investor has informed local authorities.

Energy - Sun, November 17, 2024 | 8:00 am GMT+7

PM arrives in Brazil, beginning trip to attend G20 Summit

PM arrives in Brazil, beginning trip to attend G20 Summit

Prime Minister Pham Minh Chinh, his spouse and a high-ranking delegation of Vietnam arrived in Rio de Janeiro, Brazil on November 16 afternoon (local time), beginning their three-day visit to attend the G20 Summit and have bilateral meetings.

Southeast Asia - Sun, November 17, 2024 | 7:30 am GMT+7

Vietnam-China partnership to enable export of Kim Long brand cars

Vietnam-China partnership to enable export of Kim Long brand cars

Vietnam’s Kim Long Motor and Futa Group have struck a strategic cooperation agreement with China’s Dongfem Dana that will enable the production and export of cars under the Kim Long brand, executives said Friday.

Companies - Sat, November 16, 2024 | 7:13 pm GMT+7

Northern Vietnam province attracts $124 mln investment from Taiwan firm

Northern Vietnam province attracts $124 mln investment from Taiwan firm

Taiwan-based Nien Made Enterprise Co., Ltd. will invest $124.1 million to make furniture accessories at Phu Ha Industrial Park in the northern province of Phu Tho.

Industries - Sat, November 16, 2024 | 7:01 pm GMT+7

Vietnam’s first LNG-fired power plants to enter commercial operation in Jun-Sept 2025

Vietnam’s first LNG-fired power plants to enter commercial operation in Jun-Sept 2025

Nhon Trach 3 and Nhon Trach 4, Vietnam’s first LNG-to-power plants, will begin commercial operations in June and September 2025, respectively, says project investor PV Power.

Energy - Sat, November 16, 2024 | 3:20 pm GMT+7

Vinhomes spends $276 mln on buying back 162 mln shares, more than half to go

Vinhomes spends $276 mln on buying back 162 mln shares, more than half to go

Vinhomes, the largest housing developer in Vietnam, has spent around VND7 trillion ($275.7 million) on implementing its record buyback plan since kick-starting it on October 23.

Finance - Sat, November 16, 2024 | 1:21 pm GMT+7

Indonesia secures funding for green power infrastructure at COP29

Indonesia secures funding for green power infrastructure at COP29

Indonesia has attracted EUR1.2 billion ($1.26 billion) worth of green funding for the electricity sector from Germany’s Kreditanstalt für Wiederaufbau (KfW) at the 29th UN Climate Change Conference of the Parties (COP29) in Baku, Azerbaijan.

Southeast Asia - Sat, November 16, 2024 | 10:10 am GMT+7

Hanoi-based fledgling firm spends $12.3 mln on buying 17.2 mln shares of lender VIB

Hanoi-based fledgling firm spends $12.3 mln on buying 17.2 mln shares of lender VIB

Hanoi-based Quang Kim Development and Investment JSC acquired 17.2 million shares of Vietnam International Commercial Joint Stock Bank (HoSE: VIB) on Monday.

Banking - Sat, November 16, 2024 | 9:47 am GMT+7