Huawei champions a digital future "no breaks" for the African banking sector

Huawei today announced its “Non Stop Banking” initiative. Launched at Huawei’s Smart Finance Africa Summit 2023, the initiative advocates close collaboration between the banking and ICT sectors to facilitate a digital future of non-stop services, non-stop development and innovation.” non-stop”.

Huawei has already served more than 2,500 financial customers in more than 60 countries and regions, including 50 of the world’s top 100 banks. Numerous Huawei technologies, Chen said, are useful on this front. Over the years, it has provided the foundation and backbone for the digitization of the banking sector in Africa, supporting the building of the continent’s ICT infrastructure and digital connectivity in rural areas. Furthermore, its strong focus on research and development (R&D) means it is well equipped to help the industry shape its future.

From a technical point of view, he highlighted Huawei’s strength in storage, fiber optic networks, IP networks and data communication, which enable “multi-domain collaboration” solutions for banks. For example, its “Storage and Optical Connection Coordination (SOCC)” solutions can reduce system switchover time from two minutes to two seconds after a network failure, ensuring zero transaction interruptions.

Multi-Layer Ransomware Protection (MRP) technology, meanwhile, can offer 6-layer protection, from storage to network, through applications and beyond. It enables reliable and secure “end-to-end” protection for the entire system. Finally, Huawei’s intelligent network O&M solutions enable fault detection in one minute, diagnosis in three minutes, and rectification in five minutes.

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Huawei Cloud, the world’s fastest growing leading cloud service provider, can also support the hybrid multi-cloud service required by banks. Huawei’s digital power solutions, meanwhile, can help provide green, uninterrupted power supply for the banking industry. In this way, energy deficit problems are effectively resolved and “24/7” banking activity is encouraged.

This type of technological innovation will be important because, as Jason Cao, CEO of Huawei Global Digital Finance, pointed out, financial services are becoming mobile and intelligent at a breakneck pace.

“The financial industry must pay keen attention to users and their demands, embracing the changes,” he said. “Huawei is dedicated to helping its African financial customers address challenges and accelerate change across six fields: moving from transaction to digital engagement, cloud-native and agile business, data democratization, secure and reliable infrastructure, Lego-style hybrid multi-cloud and modular services, and automated and predictable operation.”

Huawei has already served more than 2,500 financial customers in more than 60 countries and regions, including 50 of the world’s top 100 banks.

“In this way, Huawei will facilitate financial digitization and innovatively enhance productivity in Africa. Revolving around stability, agility and intelligence, Huawei aims to build ‘non-stop’ financial services, and achieve ‘non-stop’ development. -stop’ together with a ‘non-stop’ innovation,” he added.

Beyond technology, Huawei called on all parties in the industry to come together and build a stronger ICT infrastructure, facilitate more measures and policies to foster digital financial innovation, cultivate a strong innovation ecosystem, and train more digital talents for the sector.

Huawei is especially active on the last two points. Huawei Cloud’s Spark program, for example, has committed to helping 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 program in the Sub-Saharan Africa region, with the goal of training another 100,000 people in the next three years.

Huawei’s Smart Finance Africa Summit 2023 brought together more than 200 attendees, including top industry thought leaders as well as executives from leading banks from across Africa.