Huawei and Sunline are working together to digitize the Bank Yudha Bhakti (BYB) in Indonesia.
BYB was acquired by Akulaku, the largest fintech in Southeast Asia. It has over seven million active users in Indonesia.
Akulaku aims to transform BYB digitally and streamline its banking services such as deposit, loan, and transaction. It does this by combining the users and services inside Akulaku’s ecosystem, implementing closed-loop financial services.
Huawei and Sunline are hoping that it will provide BYB customers with integrated joint financial technology solutions.
The pair plan to enable Chinese financial enterprises that are going global with China’s leading models, businesses and technologies in the field of fintech.
It is hoped that this will accelerate digital transformation, helping Chinese financial enterprises improve the level of openness and the capability of scientific innovation, and facilitating the enterprises to quickly establish a foothold in the markets outside China.
The backgroudnd is that BYB’s banking system can no longer handle the massive amount of data and high-frequency transactions in the internet era.
BYB said it desperately needs to replace its systems to start the digital transformation and drive business transformation with digital technologies. BYB chose Huawei and Sunline to achieve its digital ambitions.