Huawei launches contactless solution for financial services

This solution will be rolled out across Southeast Asia, the Middle East, Latin America, and Africa

fintech solution

Huawei launches contactless solution for financial services. Source: shutterstock.com

Huawei has partnered China-based fintech solutions provider Sunline to release the Digital Loan One Box solution.

That’s a global contactless solution that responds to the urgent need from financial institutions and their customers for digital financial services.

Digital Loan One Box adopts an open strategy, allowing financial institutions to launch a wide range of contactless services. They include online loan product campaigns, customer E-KYC, risk assessment, fund disbursement, and post-loan processing.

The Digital Loan One Box solution is built on Huawei FusionCube Hyper-Converged Infrastructure. It is adopting the enterprise-level microservices banking framework EDSP released by Sunline in 2020.

It provides real-time remote account opening and biometric identity authentication via multiple approaches.

The solution also offers a real-time formulation of promotions and marketing campaigns.

As to more real-time benefits, it allows for account information update and non-stop services.

Amid the ongoing pandemic, the solution comes at the right time for financial institutions. It can satisfy the demands of efficient lending and loaning for both financial institutions and customers during such special times. Within this industry, we will continue to develop a global ecosystem and scenario-based solutions from 2C to 2B with global partners. Together with customers and partners in the industry, we will start with 5G and seize the opportunities across five major tech domains — connectivity, cloud, computing, AI, and industry applications. Ultimately, we will provide scenario-based smart solutions and technologies to facilitate the digital transformation for financial customers
Jason Cao, President of Global Financial Services Business Unit, Enterprise Business Group at Huawei

We’ve reported that Huawei has launched a Digital Payment Cloud solution to help digital payment service operators build super app centered payment ecosystems.

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