KBTG and Huawei sign MoU to enhance technologies in support of digital transformation

Huawei Technologies (Thailand) Co., Ltd., a leading global ICT solutions provider, recently signed a memorandum of understanding (MoU) with the Kasikorn Business-Technology Group (KBTG), an ICT service provider under KBank, that aims to develop ecosystems at an industrial level to support digital transformation within the financial services industry, generating faster response times to support rapidly growing financial transactions. On the occasion, Mr. Ruangroj Poonpol, Chairman of the Kasikorn Business-Technology Group, and Mr. Abel Deng, CEO, Huawei Technologies (Thailand) Co., Ltd., participated in the MoU signing ceremony via an online conference system to comply with the government’s COVID-19 prevention measures.

Under this partnership, both companies will share expertise and work together to develop technologies and innovations, in addition to exploring new possibilities that will enhance the service experience for users, tackling challenges in this era when technology is changing rapidly, and elevating the Thai financial sector in the future. The Kasikorn Business-Technology Group is committed to improving its capabilities through ever-changing strategies and superior value creation dedicated to customers. This collaboration, which encourages technological knowledge sharing, together with Huawei’s world-class solutions will help the Kasikorn Business-Technology Group build digital infrastructure with confidence, maintaining its leading position in the financial sector – even in the world of digital disruption.

Meanwhile, Huawei Technologies (Thailand) Co., Ltd is preparing to mobilize a myriad of technological resources, which could yield benefits for the Kasikorn Business-Technology Group in business development and comprehensive support for digitalization.

Mr. Deng said: “Huawei takes great pride in collaborating with the Kasikorn Business-Technology Group and we believe that the partnership will promote financial technological capabilities. In addition, 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.” He further added: “In the digitalization era of the financial industry, we are honored to play a part in supporting Thailand and bringing smart innovations and infrastructure to strengthen the financial system and employee performance. These innovations aim to cultivate financial services that are innovative, effective, and widely available for the public while also improving the quality of life for people who reside in both urban and remote areas. Huawei is determined to build a digital world that drives Thailand towards a fully connected and intelligent world.”

About Huawei
Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world. Huawei’s end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.

At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. We have more than 194,000 employees, and we operate in more than 170 countries and regions. Founded in 1987, Huawei is a private company wholly owned by its employees.

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Source: Carl Byoir & Associates