Fanap: creating direct and indirect employment for more than 43 thousand people

In the sustainability report published by Fanap Group, the performance and achievements of this holding are discussed

According to Iran digital economy annotation, the sustainability report published by Fanap Holding is a non-financial report that examines the performance of this company and its effects on society and the environment and shows how to create sustainable value for the current and future of its internal and external stakeholders.

The most important functions of this holding:

• including 4 billion Shaparak transactions
• 24 billion bank transactions
• creating direct employment for more than 6 thousand people
• creating indirect employment for 37 thousand people
• processing 500 thousand online orders from social network stores, more than 12 million daily routing in the router online
• more than 43 million minutes of daily online browsing
• more than 4 million paid application users
• providing services in more than 5 thousand cities and villages
• providing services of more than 40 thousand online stores in social networks
• 3.2 million Internet TV users and The development of the 700 km fiber optic network is also included in this report

In its report, Fanap emphasized that this group, aligned with its vision and playing a role as a platform for the future of the country, has a wide range of knowledge-based businesses and jobs in different layers of the digital economy and under the digital ecosystem and in four areas, consisting of 12 companies and more.

It has created 30 business units and growth cores. The holding’s sustainable growth framework has also been established in the field of IT, focusing on human capital, focusing on product design and sustainable growth with the aim of employment and entrepreneurship, economic growth and innovation.

Corporate governance

Regarding the ownership structure of Fanap Holding, more than 70% is owned by public companies. According to this report, 49% of the shares of this holding have been allocated to Pasargad Bank and 30% to Pars Arian Investment Company as public shares. Saman Tejarat Tadbir Iranian Company with 19.37%, 1.63% by real shareholders and 449 shares are allocated to Iranian Management Messenger Company.

In its report, Fanap has announced that in order to protect the resources of all stakeholders, it will prepare the document of Fanap’s corporate governance system and communicate it to the group companies, form governance committees including audit, risk and human capital committees in Fanap companies, as well as follow up and continuously monitor The performance of the group companies from a financial, governance and business point of view through holding a quarterly performance meeting in Fanap with the presence of senior managers of the group companies and forming a strategic corporate governance committee in Fanap in order to review the corporate governance system in the headquarters and group companies.

 Data and information governance

In this part of the sustainability report of Fanap Group, it is stated that in order to grow its businesses, make decisions and make policies based on correct data, it is moving towards a data-oriented organization. Due to the data-driven nature of many of Fanap’s businesses and their need for users’ sensitive data in providing services and producing products, the data governance system and, accordingly, the responsible use of these data are part of Fanap’s ethical principles.

Also, with the aim of creating a data-oriented culture and promoting the responsible use of data and information, this holding is developing frameworks for determining data-related laws and businesses in order to design products and services by considering international data governance standards such as DAMA DMBOK (Data Management Body of Knowledge) and (Data Management Association) and ISO 8000 Data Quality.

According to the sustainability report of Fanap Group, one of its important actions in order to create knowledge-based jobs and develop technological cooperation strategy is the establishment of the “Future Creation Platform” company, which operates as a specialized company of Fanap in the field of venture capital investment (CVC). The mission of this company is to identify innovative teams and successful startup companies to invest in the framework of “Fanaplift” development strategy.

Decentralization

In order to benefit active startups in all cities of Iran, Fanap is trying to decentralize the startup ecosystem and pay attention to the capacities of young people in other cities by creating the “Trigup” accelerator in Shenasa and its branches in some cities. One of the main missions of the Trigup accelerator is to provide consulting and mentorship services to startup teams.

Innovation

According to Fanap’s sustainability report, many measures have been taken with the aim of creating value in the innovation ecosystem by fostering innovative businesses in investment and acceleration processes, as well as using new technologies to solve society’s problems.

In this report, Fanap has considered one of its most important measures to be the design and development of the Pod Smart Land as a platform-based ecosystem. Fanap pod is considered as one of the safe and flexible business platforms available in today’s market of the country, as well as a comprehensive and multifaceted platform that provides various solutions from different areas and sectors, various products and facilities in order to realize a better life for consumers and increase the level of satisfaction. It provides citizens.

Other actions of Fanap in the field of innovation mentioned in this report are:

• Creating a joint cooperation model with holdings and industrial companies active in the target areas in the form of commercial cooperation or establishing a joint laboratory with the aim of development, testing and feasibility studies.
• Innovative solutions in the form of MVP
• Creation of Momentum innovation club project with the aim of developing the capacity of human capital and empowering them to formulate and implement innovation and growth development plans.
• Creating a road map of innovative business opportunities in order to develop the innovation ecosystem and analyze and strengthen entrepreneurial and innovative capacities.
• Holding the event “companion” with the aim of meeting the needs and solving the problems of startups and innovative businesses in the form of social responsibility of the actors of the innovation ecosystem.
• Organizing storytelling events centered on business experiences (ABOUT BUSINESS event or AB for short)
• Holding artificial intelligence challenge with the aim of developing open innovation
• Holding a series of “innovation creation platform (speech)” events with the aim of networking and developing the culture of innovation in the business environment.
• Supporting the cultivation of ideas to the commercialization of new ideas from research and business proposals in the field of information technology through Fanap Research Center
• Supporting the publication of knowledge and works in the field of business by creating the fanap tech book committee

Among Fanap’s achievements in the field of innovation, the following can be mentioned:

• Planning and entering the field of intelligent assistants and developing specialized solutions in this field
• Completing solutions in the field of natural language processing and a special multi-purpose Persian smart search engine
• Completing and developing robotic tools with a focus on application in the industry and meeting the needs of the group companies
• Development of new software systems by using scientific approaches in operational processes
• Development of Persian speech recognition system and analysis of emotions in speech with high accuracy and competition with prominent domestic and foreign examples.
• Focusing on Remote Sensing and developing its applications, focusing on agriculture, natural resources, user change and mining
• Developing smart solutions in the field of health with a focus on diagnosis and improving patient-doctor interaction

Also, Fanap has invested in innovative ideas with the approach of corporate venture capital and venture capital.

One of Fanap’s actions in order to establish financial inclusion policies is to design and launch the Vipod application. This application provides all financial and banking services online. The mission of Vipod is to provide a platform to realize the inclusion of financial services for all sections of the society.

This application has provided services to more than 7 thousand cities and villages of the country and has allocated support facilities to more than a thousand cities and villages of the country.

As stated in this report, one of the effective strategies to reduce poverty and class gap in the society is the easy access of all classes to all financial services. Fanap aims to reduce poverty and class gap, increase production and create jobs, grow small and medium businesses, reduce financial corruption and improve the investment climate, easy access of all sections of society (regardless of income and social status and place of residence) to financial services such as investment and provided insurance.

One of the main values ​​in attracting the human resources process of Fanap and companies is trying to attract scientific elites with the aim of preserving human and national capital and preventing the migration of these elites. Fanap attracts and accepts human capital from all ethnicities and geography of the land by observing moral values ​​and observing justice in human resource recruitment processes.

Ensuring environmental sustainability in the 21st century is defined in the seventeen pillars of the United Nations Sustainable Development Goals (SDGs). All the industries in the world, due to their activities, leave their traces in nature and cause irreparable damage to the ecosystem.

Fanap is a technological company and has been able to help preserve the environment by eliminating many physical processes and producing less waste and pollutants. Some of the most important actions taken by this company are shown in the image below.