Huawei Mobile Money Solution to Boost Resilience Banking

Global technology company, Huawei, has said its Mobile Money solution will provide always-on, accessible services to expand customer and enterprise bases, and serve underbanked, unbanked, and small-to-medium enterprises.

Huawei said this during a presentation at the 4th edition of Zenith Bank Tech Fair – an annual gathering to showcase leading technological innovations that cut across Artificial Intelligence (AI), Cybersecurity, Risk Management, Compliance and Financial Intelligence.

In his presentation, Chief Solutions Architect at Huawei, Qiu Yao, demonstrated how current financial institutions have challenges such as providing one-stop financial platform to manage transactions, accelerating revenue growth, as well as reducing competition with Fintech in the industry.

Part of the Huawei Mobile Money solution is the Super app, which consolidates all

mini-apps and features into a single application to better improve user experience.

“There is also no limit on the number of apps to be hosted on it as it is cloud hosted, hence, scalable,” Yao said.

In a separate presentation, Huawei discussed the trends in the banking industry which gave rise to the Bank 4.0 Trend. To prepare a better environment for enterprises to provide solutions, Huawei focused on its IT offerings that allow for non-stop banking with ‘4 Zeros’ feature namely – Zero-Downtime through high availability, Zero-wait to improve customer experience, Zero Trust to ensure end-to-end network security, and Zero Touch to improve business operations.

One of the IT offerings by Huawei is the Digital Map – a unique self-built solution to enable network transform management operations from autonomous to intelligent for Non-stop banking.

Huawei as a leading provider of ICT infrastructure is committed to bringing digital to every home, persons, and organizations for a fully connected, intelligent world.