Huawei, Sunline launch contactless digital loan solution

At HUAWEI CONNECT 2020, Sunline and Huawei jointly released the Digital Loan One Box Solution — a global contactless solution for financial services.

This solution will be rolled out across countries and regions, such as Southeast Asia, the Middle East, Latin America, and Africa, where financial inclusiveness is urgently necessary.

According to a statement by Huawei, the loan box adopts an open strategy, allowing financial institutions to launch a wide range of contactless services, such as online loan product campaigns, risk assessment, fund disbursement, and post-loan processing.

It noted that the solution responded to the urgent need from both financial institutions and their customers for digital financial services.

“This requirement is ever more pressing amid the pandemic that many countries continue to battle. As the cornerstones of national economies, financial institutions need contactless, digital, and online financial services, especially in the current situation.

“However, global banks face similar challenges in the course of digital transformation: huge costs and risks to replace legacy systems, limited budget and uncertain return on investment for transformation, lack of open business and technology experience, increasingly fierce competitions, and more demand of contactless service driven by the pandemic, etc.,” it explained.

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