Huawei has launched the “Non Stop Banking” initiative, calling for a non-stop digital future for Africa’s banking industry, enabling banks to increase revenue and customer base, save operational costs, and enhance financial inclusion. Huawei has called for hand-in-hand collaboration between the ICT and banking industries and facilitated a digital future of non-stop services, non-stop development, and non-stop innovation. The company has already served more than 2,500 financial customers in over 60 countries and regions, including 50 of the world’s top 100 banks. Huawei Cloud can support the hybrid multi-cloud service required by banks, and its Spark programme has pledged to assist 1,000 small and medium enterprises over the next three years. The Huawei Intelligent Finance Summit for Africa 2023 brought together more than 200 attendees, including key industry opinion leaders and executives from major banks across Africa. Huawei has launched the LEAP digital talent training programme in the Sub-Saharan Africa region, aiming to train another 100,000 people in the next three years.
Huawei Launches Non-Stop Banking Initiative for Africa’s Banking Industry
Huawei has unveiled its “Non-Stop Banking” initiative at the Huawei Intelligent Finance Summit for Africa 2023, calling for a non-stop digital future for Africa’s banking industry. The company believes that embracing digitisation will allow banks to increase revenue and customer base, save operational costs, and enhance financial inclusion.
The initiative calls for hand-in-hand collaboration between the information and communications technology (ICT) and banking industries and facilitates a digital future of non-stop services, non-stop development, and non-stop innovation. Huawei’s African financial customers can expect the technology company’s support in addressing challenges and accelerating changes across six fields, namely 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.
Huawei has already served more than 2,500 financial customers in over 60 countries and regions, including 50 of the world’s top 100 banks. In a keynote speech announcing the initiative, Leo Chen, president of Huawei Sub-Saharan Africa Region, stressed the importance of banks embracing digitisation to allow for greater financial inclusion.
While Chen acknowledged the innovative work done by many African banks in embracing digitisation, he pointed out that all players in the industry need to go further if they are to embrace the non-stop approach that would characterise the future of banking. Jason Cao, Chief Executive Officer of Huawei Global Digital Finance, highlighted the rapid pace at which financial services are becoming mobile and intelligent.
According to Cao, the financial industry should pay attention to users and their demands while embracing changes. In this way, Huawei aims to build non-stop financial services, achieve non-stop development alongside non-stop innovation, revolving around stability, agility, and intelligence. Huawei has provided the foundation and backbone for the digitalisation of the banking industry in Africa over the years, supporting the construction of the continent’s ICT infrastructure and digital connectivity in rural areas.
Huawei’s extensive focus on research and development (R&D) means that it is well-positioned to help the industry shape its future. Numerous Huawei technologies have been helpful in supporting the digitalisation of the banking industry in Africa.
Huawei Calls for Multi-Domain Collaboration for Banks
Huawei’s strength in storage, fibre optic networks, IP networks, and data communication enables multi-domain collaboration solutions for banks, according to Leo Chen, President of Huawei Sub-Saharan Africa Region. Huawei Cloud, the world’s fastest-growing major cloud service provider, can also support the hybrid multi-cloud service required by banks. Huawei has called for all parties in the industry to come together and build more robust ICT infrastructure, facilitate more measures and policies to encourage digital finance innovation, cultivate a sound innovative ecosystem, and train more digital talent for the industry. The Huawei Intelligent Finance Summit for Africa 2023 brought together more than 200 attendees, including key industry opinion leaders and executives from major banks across Africa. Huawei Cloud’s Spark programme has pledged to assist 1,000 small and medium enterprises over the next three years. The company has already trained more than 80,000 digital talents in Africa and has launched the LEAP digital talent training programme in the Sub-Saharan Africa region, aiming to train another 100,000 people in the next three years.
Don’t miss interesting posts on Famousbio
