Huawei Technologies (Thailand) Co., Ltd., a leading global ICT solutions provider, on 25 October signed a memorandum of understanding (MoU) with Kasikorn Business-Technology Group (KBTG), an ICT service provider under KBank, to develop ecosystems at an industrial level to support digital transformation within the financial services industry, generating faster response times to support the rapid growth in digital financial transactions.
Mr. Ruangroj Poonpol, Chairman, Kasikorn Business-Technology Group, and Mr. Abel Deng, CEO, Huawei Technologies (Thailand) Co., Ltd., participated in the MoU signing ceremony that was held virtually in compliance with the government's COVID-19 prevention measures.
Under the partnership, the two companies will share expertise and work together to develop technologies and innovations. They will also explore new possibilities that will enhance the service experience for users. The measures will tackle challenges in this era when technology is changing rapidly and elevate the Thai financial sector going forward.
Kasikorn Business-Technology Group is committed to improving its capabilities through steadily evolving strategies and superior value creation dedicated to customers.
The collaboration, which encourages technological knowledge sharing, together with Huawei’s world-class solutions will help Kasikorn Business-Technology Group build digital infrastructure with confidence, helping it to maintain its leading position in the financial sector even in the world of digital disruption.
Huawei Technologies (Thailand) Co., Ltd. is preparing to mobilise a myriad of technological resources tipped to yield benefits for Kasikorn Business-Technology Group’s business development and ensure comprehensive support for its digitalisation agenda.
“Huawei is delighted to collaborate with Kasikorn Business-Technology Group,” said Mr. Deng. “We believe that the partnership will promote financial technological capabilities,” he added.
“We are positive that the Memorandum of Understanding is in line with K Bank’s vision, whereby it is determined to become a smart bank of the future.”
“In the digitalisation era of the financial industry, we are honoured to play a part in supporting Thailand and bringing smart innovations and infrastructure to strengthen the financial system and employee performance. These innovations are designed to cultivate innovative, effective, and widely available financial services for the public. This, in turn, improves the quality of life for people who reside in both urban and remote areas. Huawei is determined to build a digital ecosystem that drives Thailand towards a fully connected and intelligent world.”