Huawei has shared the ‘non-stop’ digital future for Africa’s banking industry that reflect in Intelligent Finance Summit for Africa 2023….!!

Identifying the initiative calls for hand-in-hand collaboration between the ICT and banking industries and facilitates, Leo Chen president of Huawei Sub-Saharan Africa Region shared precious and major imperatives for the banking industry during the address.

The Huawei Intelligent Finance Summit for Africa 2023 brought together more than 200 attendees, including key industry opinion leaders, as well as executives from major banks across Africa.

Huawei announced its non-stop Banking initiative

For years Huawei provided the foundation and backbone for the digitalization of the banking industry in Africa by supporting the construction of the continent’s ICT infrastructure and digital connectivity in rural areas. Its extensive focus is on research and development (R&D).

Meanwhile, that Chinese tech giant is well-poised to help the industry shape its future too. Already it facilitates more than 2500 financial customers in over 60 countries and regions, including 50 of the world’s top 100 banks. From a technical perspective, he pointed to Huawei’s strength in storage, fibre optic networks, IP networks and data communication, which enable ‘multi-domain collaboration’ solutions for banks.

Huawei Cloud world’s fastest-growing major cloud

Being effective addresses power deficit issues and supporting ‘non-stop’ banking, Huawei Cloud, the world’s fastest-growing major cloud service provider, can additionally support the hybrid multi-cloud service required by banks. Huawei’s digital energy solutions, meanwhile, can help to provide an uninterrupted and green power supply for the banking sector.

Jason Cao, CEO of Huawei Global Digital Finance convicted:

“The financial industry should pay acute attention to users and their demands, embracing changes.”  “Huawei is dedicated to helping its African financial customers 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.”

“In this way, Huawei will facilitate financial digitalization and innovatively improve productivity in Africa. Revolving around stability, agility, and intelligence, Huawei aims to build ‘non-stop’ financial services, and achieve ‘non-stop’ development alongside ‘non-stop’ innovation.”

Huawei encourage digital finance innovation and more

Huawei also tent to concern beyond technology for example it issued a call for all parties in the industry to come together and build a 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.

For two years particularly Huawei Cloud’s Spark programme, for example, has pledged to assist 1 000 SMEs over the next three years. And having already trained more than 80 000 digital talents in Africa, it 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.

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