Vietnam's SHB collaborates with Huawei for digital banking [Yahoo! Finance]
SECURITY FIRST INT HL NEW (SCFR)
NASDAQ:AMEX Investor Relations:
marketwired.com/press-release/security-first-international-holdings-inc-today-announced-firstcryptobank-2244764.htm
Company Research
Source: Yahoo! Finance
The tie-up with Huawei forms part of its longer-term plan to use technology to support a model in which the bank connects resources and works alongside customer ecosystems in the digital economy. Under the agreement, the two sides will work across three areas. These are wider digitalisation and modernisation of banking operations; development of an open, flexible and future-ready technology structure; and stronger operational capacity with system stability, security and resilience. Huawei will take on the role of strategic consulting partner, assisting SHB with its transformation roadmap, technology architecture, data platform and the rollout of technology solutions. The company is expected to work with SHB on changes intended to support the development of a digital bank that is “modern, secure, flexible, and sustainable”, in line with international standards. SHB said the arrangement is not limited to infrastructure changes. Huawei is also expected to provide experience
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