AsiaDB and Huawei Sign Memorandum of Understanding on Digital Asset Management Ecosystem
Published on: Tuesday April 19th, 2022
Credit: ms.wikipedia.org / Naim Fadil –
Kuala Lumpur: Asia Digital Bank Ltd (AsiaDB), a licensed investment bank in Labuan, and Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) have signed a Memorandum of Collaboration (MoC) to establish cooperation in the development of digital solutions geared towards the future and cloud-based for franchises using Huawei Cloud technology. The MoC constitutes a mutual commitment of both parties to jointly develop and implement various cloud-based digital solutions that enable cutting-edge services and experiences through distributor and reseller business models. The two parties will cooperate to create and develop asset digitization solutions based on both parties’ technical knowledge and expertise, such as the cloud-based A-Bank Super Wallet application. AsiaDB’s A-Bank Super Wallet application is cloud-native and aims to create an innovative financial system through comprehensive and integrated application of digital technologies such as cloud computing, big data, blockchain and artificial intelligence (IA), which supports the development of a cross-border digital financial sector.
Huawei Malaysia and AsiaDB share similar goals of providing digitized services to the public and connecting the world digitally. The collaboration will leverage the individual strengths and capabilities of both companies which complement each other in exploring the generation of advanced project pipelines in the near future. The MoC will also see both parties work cohesively to produce more advanced digital solutions and projects that merge blockchain and cloud technologies to create extraordinary user experiences and services. The signing ceremony was recently held at Huawei’s Customer Solution Innovation Center (CSIC) in Kuala Lumpur. The MoU was signed by Mr. Liu Xuming, President of AsiaDB and Mr. Lim Chee Siong, Vice President of Cloud and AI Business Group of Huawei Malaysia. Commenting on the collaboration, Mr. Liu Xuming said, “AsiaDB aspires to be the preferred choice for digital financial services locally and internationally. Cooperation with tech giant Huawei will not only help us achieve this goal, but it will also produce unprecedented new and improved digital solutions that will better serve various industries around the world. It will also help to strengthen and develop even higher standards of digital service delivery. »
Mr. Lim Chee Siong, Vice President of Cloud and AI Business Group of Huawei Malaysia, pointed out that the combination of both parties’ highly innovative expertise and resources will provide a great opportunity to expand and establish a new experience. dominant, efficient, safe and secure user who will not only lead but also influence the entire digital financial industry. “As a technology partner and digital advisor, Huawei Malaysia has the expertise to equip franchises to meet today’s challenges and lead them into tomorrow’s digital economy. We will be the main driver in realizing these ambitions by driving digital innovation using Huawei Cloud to help the financial industry create its own innovative financial system,” he added. Mr. Lim added, “Malaysia is moving aggressively towards the cloud and Huawei Malaysia hopes to intensify digital adoption in the financial sector to drive productivity growth and business expansion. Huawei, the world’s leading provider of information and communication technology (ICT) infrastructure and smart devices, has more than 30 years of technical experience and currently offers more than 220 types of cloud services.
AsiaDB, on the other hand, is a leading digital bank that provides digital finance services to serve institutional and corporate clients, combining digitized assets and blockchain technology for contemporary solutions. The digital financial institution integrates traditional and digital finance to welcome customers in the digital and data-driven age. * Follow us on instagram and join our Telegram and or WhatsApp channel(s) for the latest news you don’t want to miss.
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