Huawei M'sia, Axiata Digital Labs to power financial solutions
By Digital News Asia June 16, 2022
- Both parties to develop, market new digital financing solutions
- Aims to help local businesses, industries increase productivity
Axiata Digital Labs (ADL), a subsidiary of the Axiata Group Berhad, and Huawei Technologies Malaysia Sdn Bhd (Huawei Malaysia) have ventured into a partnership on the development of digital transformation solutions in financial technology (fintech), powered by Huawei Cloud.
The collaboration will see both ADL and Huawei Malaysia join forces to explore, develop and market new technology and software solutions in the field of digital financing services, Huawei said in a statement.
The company said this initiative forms the first step in bringing together Huawei Malaysia and ADL in expanding the utilisation of products and services for the digital financial services market growth.
Chief executive officer (CEO) of Axiata Digital Labs Thushera Kawdawatta said the collaboration between ADL and Huawei Technologies provides tremendous opportunities for two world-class innovators to explore, develop, and work on truly fascinating areas of technology.
”I am convinced that our collaboration will yield digital transformation solutions that will benefit industries, businesses, and society”, he said.
CEO of Huawei Malaysia Michael Yuan said that the MoU serves as an opportunity to further connect and forge strategic partnerships across various industries as Huawei is always open to building a holistic ecosystem with key stakeholders.
“At Huawei, are excited to explore our collaboration with Axiata Digital Labs in creating digital solutions through Huawei Cloud.
“This includesfFintech, which is the new digital financial service ecosystem which allows partners to develop applications for diverse industries, laying a robust foundation for ubiquitous digital financial services.
“This bridges the digital divide between industries and economic sectors, whilst improving productivity across all layers of society,” Yuan said, adding that this will also serve to benefit and drive the nation’s digital economy forward,” said Yuan.
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