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Leo Chen, President of Huawei Sub Saharan Africa addresses the 2023 Intelligence Finance Summit/COURTESY

Kenya

Huawei rolls out non-stop banking solution for banks

NAIROBI, Kenya, Mar 27 – Huawei will work with banks to advance non-stop banking solutions to facilitate a digital future characterized by ‘non-stop’ services, development, and innovation.

This was announced at the Intelligent Finance Summit for Africa 2023, which brought together more than 200 professionals, including key industry opinion leaders and executives from major banks across Africa.

Huawei Sub-Saharan Africa Region President Leo Chen said there is a need for firms to go digital to boost customer numbers, lower operational costs, develop new innovative products, raise revenue, and deepen customer relationships.

“To accelerate digitalization of banking services, Huawei will facilitate to innovatively improve productivity in Africa by rolling out ICT infrastructure that delivers ‘non-stop’ financial services, and achieve ‘non-stop’ development alongside ’non-stop’ innovation,” said Chen.

He noted that banks are accelerating their usage of cloud services, with hybrid multi-cloud services required by banks becoming the norm.

“The financial industry should pay acute attention to users and their demands, embracing changes,” he said.

“Huawei is dedicated to helping its local banks address challenges and accelerate changes across six fields: shifting from transaction to digital engagement, cloud-native and agile businesses, data democratization, secure and reliable infrastructure, hybrid multi-cloud and Lego-style modular services, and automated and predictable operation.”

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