Axiata Digital Labs (ADL), a subsidiary of the Axiata Group Bhd, and Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) have formed a partnership for the development of digital transformation solutions in financial technology (fintech), powered by Huawei Cloud.
The collaboration will see both ADL and Huawei Malaysia joining forces to explore, develop and market new technology and software solutions in digital financing services.
The companies said in a statement that this is 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.
Leveraging their respective expertise, the partnership aims to benefit the productivity and viability of local businesses and industries through the use of digital solutions provided by both parties, it added.
The MoU was signed by CEO of Axiata Digital Labs, Thushera Kawdawatta and CEO of Huawei Malaysia, Michael Yuan.
Commenting on the partnership, Thushera said the collaboration 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.”
Yuan added 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.
“We, at Huawei, are excited to explore our collaboration with Axiata Digital Labs in creating digital solutions through Huawei Cloud.
“This includes FinTech, which is the new digital financial service ecosystem that 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, 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.
Huawei Cloud brings Huawei’s years of expertise together in ICT infrastructure products and solutions. Committed to building a cloud foundation for an intelligent world, it strives to make a difference in bringing digital to local industries for a better-connected Malaysia.
