Huawei, Standard Bank sign strategic co-operation agreement to accelerate intelligent financeDuring the recent 2024, Huawei and Standard Bank South Africa signed a strategic co-operation agreement to accelerate digital transformation of the financial sector and enhance South Africa's ability to continue growing its digital industries.
Gene Zhang, CEO of Huawei South Africa Enterprise Business, stressed: "Huawei has served over 3 700 global financial services clients. We are driving Africa’s growth, and doing our best to support to South Africa’s digital transformation via the technology co-operation with Standard Bank." Group Chief Information Officer of Standard Bank PPB, Khomotso Molabe, said: "We are here today to celebrate and cement a very important strategic co-operation between Standard Bank Group and Huawei.” He added that he thinks of it as a kind of marriage.
Montjane said partnering with Huawei will not only help their systems meet customer demands, it will also benefit society. For example, the collaboration can enhance Standard Bank’s digital crowdfunding platform, which connects students from rural areas “who would have not had an opportunity to study without access to that funding”. She concluded that it is a significant partnership because “technology connects people”.