PR85808

SHANGHAI, Sept. 26, 2020 /PRNewswire=KYODO JBN/--

At HUAWEI CONNECT 2020, Sunline and Huawei jointly released the Digital Loan

One Box Solution — a global contactless solution for financial services. This solution

will be rolled out across countries and regions, such as Southeast Asia, the Middle East,

Latin America, and Africa, where financial inclusiveness is urgently necessary.

Digital Loan One Box adopts an open strategy, allowing financial institutions

to launch a wide range of contactless services, such as online loan product

campaign, customer E-KYC, risk assessment, fund disbursement, and post-loan

processing. The solution responds to the urgent need from both FIs and their

customers for digital financial services. This requirement is ever more

pressing amid the pandemic that many countries continue to battle.

As the cornerstones of national economies, financial institutions need

contactless, digital, and online financial services, especially in the current

situation. However, global banks face similar challenges in the course of

digital transformation: huge costs and risks to replace legacy systems, limited

budget and uncertain return on investment for transformation, lack of open

business and technology experience, increasingly fierce competitions, and more

demand of contactless service driven by the pandemic, etc.

Contactless finance refers to services where customers and banks do not need to

interact face-to-face. Via Omni-channels, it supports plug-in-based services,

built-in businesses, and out-of-the-box features.

The Digital Loan One Box Solution is built on Huawei FusionCube Hyper-Converged

Infrastructure, adopting the enterprise-level microservices banking framework

EDSP released by Sunline in 2020. The solution supports rapid, dynamic

horizontal scaling on both the business and system demands. It also provides

DevOps continuous delivery assembly line to meet the increasingly agile

development requirements of financial institutions. Contactless banking

services make banking much more convenient, while remaining user-friendly,

timely, and professional, leading to better customer satisfaction, retention,

and loyalty. The interconnection of the financial ecosystem serves boosts

market share and reputation of financial institutions. The solution also offers

cost-effective TCO that meets their investment expectations.

Digital Loan One Box delivers performance of utmost speed in the following areas:

-Real-time remote account opening and biometric identity authentication via

multiple approaches (MFA)

-Quick online loan origination, approval, and fund disbursement (three-minute

application, one-second loan approval, and zero manual intervention)

-Real-time formulation of promotions and marketing campaign

-Flexible post-loan processing, immediate loan extension evaluation

-Real-time account information update and non-stop services

-Quick access for ecosystem partners via standard open APIs

-Highly standardized products in which customers can easily understand

-Fast deployment which can go live within two months

Photo - https://photos.prnasia.com/prnh/20200925/2928915-1 

"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," said Jason Cao,

President of Global Financial Services Business Unit, Enterprise Business Group

at Huawei. "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."

Hongan Li, Senior Vice President of Sunline, added, "Sunline is a global

banking IT service company. We keep innovating to lead in FinTech and enrich

the interconnection of life. During COVID-19, we realized the urgent need for

technological innovation, digital services, and open financial services global

wide. In light of this, Sunline and Huawei are now launching the Digital Loan

One Box Solution. The solution is designed for financial institutions and

customers, especially for those lacking technology capabilities. It is based on

Sunline's enterprise-level microservices framework for banks. The agile

platform features high flexibility, loose coupling, high performance, and

distributed deployment. It meets the dynamic horizontal scaling requirements of

financial institutions of any size at both the business and system demands. Our

aim is to provide a solution that is practical and helpful in this extraordinary time."

Huawei and its partners help financial institutions reach a new digital peak in

financial inclusion, data-driven business innovation, and open banking,

achieving full connectivity and service agility. To date, Huawei has cooperated

with more than 5,400 solution and service partners worldwide to support over

1,600 financial customers across 60 countries and regions. Together, we have

established an ecosystem with an expanding coverage.

Sunline is a top FinTech solution provider. It is constantly reinventing its

technologies to empower the financial service revolution and drive industry

development. To date, Sunline has provided more than 800 global financial

institutions with integrated financial IT solutions, covering core business,

internet financial business, big data, and management services.

As a pioneer among China's FinTech suppliers, Sunline has set up branches and

service offices in Singapore, Malaysia, Thailand, Indonesia, and Hong Kong SAR

since 2016. It has been widely recognized for its strengths in innovation,

market leadership, and product performance. It stands at Top 3 Banking Platform

Vendors in Asia Pacific in Forrester's Global Banking Platform Deals Survey in

2019. This year, Global Brands Magazine awarded Sunline the 2020 Asia's Most

Innovative FinTech Company, and it also ranked among the 2020 IDC China FinTech 50 List.

HUAWEI CONNECT 2020 is an annual flagship event hosted by Huawei for the global

ICT industry, and is being held in Shanghai from September 23 to 26, 2020.

HUAWEI CONNECT is an open platform designed to help our customers and partners

navigate these changes, share experience, and work together to create new

value. At this year's event, different stakeholders across ICT industry,

including thought leaders, business elites, tech experts, leading enterprises,

partners from ecosystems, application service providers and developers, have

shared their insights of current trends and opportunities in industry

digitization. A full array of advanced ICT technologies, products, and

solutions, have also been showcased in the event to display our fruitful

innovation with joint efforts. Our ultimate goal is to build an open and sound

industry ecosystem that will benefit all stakeholders and create new value for

all industries. For more information, please visit:

https://www.huawei.com/en/events/huaweiconnect2020/ 

Source: Huawei

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   Caption: Huawei, Sunline Jointly Launch Contactless Digital Loan One Box Solution