Today, Huawei revealed its "Non-Stop Banking" programme. The proposal, which was unveiled at the Huawei Intelligent Finance Conference for Africa 2023, asks for close cooperation between the banking and ICT sectors in order to enable a digital future of "non-stop" services, "non-stop" development, and "non-stop" innovation.
Leo Chen, president of Huawei Sub-Saharan Africa Area, gave a keynote address to introduce the project and discussed why going digital has become such a crucial requirement for the banking sector. He said that in addition to making it simpler for banks to grow their client base, it also lowers operating expenses, enables them to create new products, and strengthens customer relationships, all of which help banks generate income.
He said that due to the increased financial inclusion that digitization enables, there is an even greater need for banks to adopt it in Africa. Chen praised the creative work done by several African banks in adopting digitalization, but he also made the point that all stakeholders in the business need to move forward if they want to adopt the "non-stop" approach that would define the future of banking.
More than 2500 financial clients, including 50 of the top 100 banks in the world, have already received services from Huawei in more than 60 countries and regions. Chen claimed that several Huawei technologies are useful in this regard. Through its assistance for the development of the continent's ICT infrastructure and digital economy, it has over time supplied the cornerstone and backbone for the digitization of the banking sector in Africa.
In terms of technology, he emphasised Huawei's advantages in storafiberibre optic networks, IP networks, and data transfer, which allow banks to implement "multi-domain cooperation" solutions.
For instance, its "storage and optical connection coordination (SOCC)" solutions may cut the time it takes to swap over a system after a network failure from two minutes to two seconds, guaranteeing that no transactions are interrupted. In contrast, the multilayer ransomware protection (MRP) solution may offer six levels of security covering storage, network, applications, and other layers. It allows for the system's "end-to-end" protection to be dependable and secure. Ultimately, defects may be found in one minute, diagnosed in three minutes, and fixed in five minutes thanks to Huawei's intelligent network O&M solutions.
The hybrid multi-cloud service needed by banks may also be supported by Huawei Cloud, the largest and fastest-growing major cloud service provider in the world. Meanwhile, the banking industry may benefit from a consistent and sustainable power supply thanks to Huawei's digital energy solutions. Power deficiency difficulties are properly addressed, and "non-stop" banking is supported.
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