Huawei calls for a ‘non-stop’ digital future for Africa’s banking industry

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 on research and development (R&D), meanwhile, means that it’s well-poised to help the industry shape its future too.

port 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. This e ectively addresses power de cit issues and supports ‘non-stop’ banking.

ment alongside ’non-stop’ innovation,” he added.

Huawei calls for a ‘non-stop’ digital future for Africa’s banking industry

Huawei today announced its ‘Non-Stop Banking’ initiative.

Unveiled at the Huawei Intelligent Finance Summit for Africa 2023, the initiative calls for hand-in-hand collaboration between the ICT and banking industries and facilitate a digital future of ‘non-stop’ services, ‘non-stop’ development, and ‘non-stop’ innovation.

In a keynote speech announcing the initiative, Leo Chen, president of Huawei Sub-Saharan Africa Region spoke about why going digital has become such a major imperative for the banking industry. Not only does it make it easier for banks to broaden their customer base, he said, it also saves operational costs, allows them to develop new products, and deepen the customer relationship, thus generating revenues for banks.

In Africa, he added, there’s an even greater imperative for banks to embrace digitization, as it allows for greater nancial inclusion. While Chen lauded the innovative work done by many African banks in embracing digitization, he pointed out that all players in the industry need to go further if they’re to embrace the ‘non-stop’ approach that will characterise the future of banking.

Huawei has already served more than 2500 nancial customers in over 60 countries and regions, including 50 of the world’s top 100 banks. Numerous Huawei technologies, Chen said, are helpful on this front. Over the years, it has provided

From a technical perspective, he pointed to Huawei’s strength in storage, bre 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 breakdown, ensuring zero transaction interruptions. The multilayer ransomware protection (MRP) technology, meanwhile, can provide 6-layer protections, from storage, to network, to applications and other layers. It enables a reliable and secure ‘end-to-end’ protection to the whole system. Finally, Huawei’s intelligent network O&M solutions enable faults to be detected in one minute, diagnosed in three minutes, and recti ed in ve minutes.

Huawei Cloud, the world’s fastest-growing major cloud service provider, can additionally sup-

That kind of technological innovation will be important because, as Jason Cao, CEO of Huawei Global Digital Finance pointed out, nancial services are becoming mobile and intelligent at a blistering pace.

“The nancial industry should pay acute attention to users and their demands, embracing changes,” he said. “Huawei is dedicated to helping its African nancial customers address challenges and accelerate changes across six elds: 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 nancial digitalization and innovatively improve productivity in Africa. Revolving around stability, agility, and intelligence, Huawei aims to build ‘non-stop’ nancial services, and achieve ‘non-stop’ develop-