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Asia Digital Bank and Huawei Malaysia Collaborate To Enable Digital Asset Management Ecosystem


(From left to right: Roy Hu, Director of Business Development, Cloud Business Unit, Huawei Malaysia; Lim Chee Siong, Vice President of Cloud & AI Business, Huawei Malaysia; Liu Xuming, Chairman of the Board of Asia Digital Bank; Emilyn Choong, Assistant to Chief Executive Officer of Asia Digital Bank)

[KUALA LUMPUR, 18 APRIL 2022]: Asia Digital Bank Ltd (AsiaDB), a licensed Labuan Investment Bank, and Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) signed a Memorandum of Collaboration (MoC) to establish cooperation in the development of future-oriented cloud-based digital solutions for franchises using Huawei Cloud technology.

The MoC serves as a mutual commitment by both parties to jointly develop and implement various cloud-based digital solutions that enable state-of-the-art services and experiences through distributor and reseller business models. The two parties will cooperate to create and develop asset digitisation solutions based on both parties’ technical knowledge and expertise, such as the cloud-based A-Bank Super Wallet App.

AsiaDB’s A-Bank Super Wallet App is cloud native which aims to create an innovative financial system through a comprehensive and integrated application of digital technologies like cloud computing, big data, blockchain and Artificial Intelligence (AI), which supports the development of a cross-border digital financial industry.

Huawei Malaysia and AsiaDB share similar goals of providing digitalised services to the public and connecting the world on a digital level. The collaboration will leverage both companies’ individual strengths and capabilities that complement each other in exploring the generation of advanced project pipelines in the near future.

The MoC will also see both parties work coherently to produce more advanced digital solutions and projects that merge blockchain and cloud technologies to create extraordinary user experiences and services.

The signing ceremony took place recently at Huawei’s Customer Solution Innovation Center (CSIC) in Kuala Lumpur. The MoC was signed by Mr Liu Xuming, Chairman of AsiaDB and Mr Lim Chee Siong, Vice President of Huawei Malaysia’s Cloud and AI Business Group.

Commenting on the collaboration, Mr Liu Xuming said, “AsiaDB aspires to be the preferred choice for digital finance services locally and internationally. The cooperation with tech giant Huawei will not only support us in achieving this goal, but it will also produce new and enhanced digital solutions unseen anywhere else that will better serve various industries worldwide. It will also help to strengthen and develop even higher standards of digital services provisions.”

Huawei Malaysia’s Vice President of Cloud and AI Business Group, Mr Lim Chee Siong highlighted that the combination of both parties’ highly innovative expertise and resources will provide a great opportunity to expand and establish a dominant new, efficient, safe, and secure user experience that will not only lead but also influence the entire digital financial industry.

“As technology partner and digital advisor, Huawei Malaysia has the expertise to equip franchises to respond to challenges of today and to lead them into the digital economy of tomorrow. We will be the core driver in fulfilling these ambitions by driving digital innovation using Huawei Cloud to assist the financial industry in creating their own innovative financial system,” he added.

Mr Lim added, “Malaysia is moving aggressively into Cloud and Huawei Malaysia hopes to escalate digital adoption in the financial industry to boost productivity growth and business expansion.”

Huawei, the leading global provider of information and communications technology (ICT) infrastructure and smart devices, has more than 30 years of technical experience and currently has more than 220 types of cloud services.

AsiaDB on the other hand, is a prominent digital bank that provides digital finance services to serve institutional and enterprise-level customers, combining digitalised assets and blockchain technology for contemporary solutions. The digital financial institution integrates traditional and digital finance to accommodate clients in the digital and data-driven era.