July 9, 2020: Nabil Bank, the leading Commercial bank in Nepal, signed a strategic cooperation Memorandum of Understanding with Huawei, in Huawei Technologies Nepal`s office located in Lalitpur on July 8th, 2020. Mr. Anil Shah, CEO of Nabil Bank and Mr. Deng Shuigen, CEO of Huawei Technologies Nepal signed the MOU. Other senior executives from Huawei Headquarters (TBD) and other representatives participated in the event as witnesses by using Huawei online video conference system.
Mr. Anil K. Shah, CEO of the Bank, expressed his excitement about the strategic partnership with Huawei, a globally leading ICT solution provider, as the partnership is strategically significant to unlock a wide range of collaborative opportunities to adding value to the Bank and its customers. He stated that the extensive experience of Huawei in digital transformation of various industries around the world would enable the bank to become a truly digital bank.
As Nabil Bank has embarked on the digital transformation process with a mission to becoming the leading digital bank creating tremendous value to Nepalese citizens and setting unprecedented benchmarks focused on superior customer experiences, he firmly believed that the strategic partnership would be an opportunity to learn and leverage on the most advanced digital technologies to deliver unparalleled customer service and experiences.
Representative from Huawei stated that, Huawei`s cloud & AI technology, cloud based Video Conferencing system, Wifi-6 and other advanced ICT solutions would help Nabil Bank accelerate its digital transformation, by improving efficiency of Nabil Bank`s internal work flow, and modernize its innovative financial digital service to its customer for better customer experience. Underlining the fruitful cooperation and mutual trust shared by the two companies, Huawei is committed to provide Nabil bank with cutting-edge know-how to enable it offer customers smart, easy, reliable and secure digital banking services. With dedication of both Huawei Finance sector team, Huawei Cloud service team and Huawei Nepal local support team, the digital transformation of Nabil Bank will be accelerated and the company would be more competitive in Nepalese banking and financial service market.
Currently, 228 out of Global 500 companies, and 58 of 100 world’s top enterprises have selected Huawei as their trusted partner for digital transformation. Huawei helps financial institutions achieve digital transformation in inclusive finance, data-driven service innovation, and open banking, implementing full connectivity and service agility with its global partners. Currently, Huawei has served more than 1600 financial customers worldwide, including 45 of the world's top 100 banks.
Nabil Bank is the first Joint Venture Bank in Nepal committed to providing complete set of modern financial services. It’s been serving the Nepalese customers setting milestones along, that reflect on its commitment to provide modern financial services – Online Banking, 24×7 customer support service, Plastic cards, ATMs, electronic payments, and electronic remittance services to name a few.
As the Bank completes its thirty-six (36) years of operation on 12 of July 2020, it vows to re-define and elevate the standards of customer centric banking to an entirely new level leveraging on top notch state-of-art digital technologies. Based on insights drawn from a year long in-depth analyses of its business strategies and operating models, it has embarked on a journey of digital transformation.