With the increase in online transactions, customer demands are changing, and to keep up with them banks must embrace human-centric and customer-first digital transformation. The patron of building a fully connected, intelligent world, Huawei, and enabler of a digital tomorrow, Systems Limited, formed a strategic alliance to navigate the way forward regarding the advancement of digital banking.
The signing ceremony took place on March 11, 2022, in the presence of Asif Peer, CEO & MD, Systems Limited, and Shahzad Rasheed, CEO, Huawei Cloud. Systems Limited has always been at the forefront of digital advancement and has taken multiple initiatives in the past to reshape the delivery and structure of financial services around technology to meet customer demands, anytime and anywhere.
Key personnel from the IT and banking were also present at the ceremony. The group discussed how technology has a huge impact on customer behavior, service and product innovation, business operation, and the vast potential it holds for the banking sector.
Asif Peer, CEO & Managing Director at Systems Limited, expressed, “We are visualizing a disruption and growth in the digital banking landscape of Pakistan to support business innovation in this new era. Banks are rapidly moving towards digital transformation, and we will be working closely to ensure refined customer management, channel optimization, and diverse ecosystem-wide collaboration. With partnerships such as this, we are on the right path of establishing a comprehensive global digital transformation strategy.”
Also Read: Abacus Consulting wins the LCCI’s President IT Award
Considering the newly announced cloud-first policy by the government of Pakistan, this partnership between Huawei and Systems Limited will help stabilize the digital banking ecosystem in Pakistan. The goal behind this partnership is to equip organizations with an end-to-end cloud-based architecture, assist them in meeting ever-evolving customer needs, and help them thrive in the digital world. Leveraging Huawei cloud infrastructure and System Limited’s enterprise-class cloud, information security, and digital banking services, both partners will be able to provide a ready-made, quick to onboard digital ecosystem in Pakistan.
Mr. Shahzad Rasheed, CEO Huawei Cloud reiterated that Huawei Pakistan is committed to expediting the journey of digitalization in the country and how that would be an impossible dream to achieve without Cloud. With the entry of digital banks in the financial industry we can expect monumental growth. China is a global leader in the world of banking and we will work towards connecting the Pakistani and Chinese Banks so we can learn from their experience and expertise. We are, and always will remain committed to the growth of the ICT Industry in Pakistan and look forward to working with Systems Limited as our strategic partner in this journey.
The emerging banks will have an in-country platform to set up their digital banking services robustly and seamlessly without a need for huge capital expenditure. Moving forward with Systems Limited’s global vision, the partners also aim to take these services outside Pakistan as well. This will also lead to multiple job opportunities in Pakistan.
Through the cloud, big data, and next-gen IT architecture, Systems Limited, and Huawei can help financial firms navigate the challenges of the customer-first and digital-first era.
About Systems Limited
Systems Limited is Pakistan’s global technology powerhouse that holds the distinction of being the country’s first-ever software services company. Since 1977, Systems Limited has stayed at the leading edge of innovation to deliver the promise of digital technology to a wide array of industry verticals both locally and internationally. The company’s key strategic partnerships with the world’s leading technology providers allow it to deliver unmatched technological capabilities that enable enterprises to drive and sustain long-term growth. With a long list of awards and achievements, including two back-to-back Forbes Asia Best under a Billion accolades, Systems Limited has established itself as a true leader in technological innovation and Pakistan’s most decorated IT organization.
The company has maintained a continuous trajectory of growth this year with many awards & accolades that speak volumes about its accomplishments. The company won the first-ever LCCI President’s IT Award, earned a place among the global top 1% of Microsoft Technology Partners in their 2020/2021 Business Applications Inner Circle, and became Pakistan’s first IT company to reach Rs.100 billion in market capitalization.
About Huawei
Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. The company has more than 197,000 employees, and operates in more than 170 countries and regions, serving more than three billion people around the world.
Huawei’s vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, the company will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go.
