Dashen Bank announces another digital transformation by implementing IBM’s Cloud Pak for Integration on Red Hat Open Shift, to modernize its cloud integration architecture.
Dashen, a pioneering bank which introduces different technology based financial activities, said that the collaboration with IBM will help the bank expand its ecosystem by accelerating digital transformation and new innovative offerings for its customers.
“The demand for digital banking services are increasing in Ethiopia’s telecom sector, accelerating the adoption of technologies will boost financial inclusion in the country. According to the GSMA, smartphones will constitute 58 percent of internet connections in Ethiopia by 2025 and will play a critical role in facilitating the delivery of digital financial services to consumers,” the bank said in its statement sent to Capital.
“Working with IBM and its business partners Eidiko Systems Integration Pvt. Ltd. and Afcor PLC, Dashen Bank has gained an agile, secure, and reliable integration platform which optimizes the bank’s resources across cloud and on-premise environments,” it added.
By adopting a hybrid cloud strategy, the bank can now deploy and expand its digital channels across any technology environment, enhancing an open banking experience with key stakeholders such as fintechs, neo-banks and corporate and telecom partners, “Dashen can now constantly onboard and integrate new apps and partners with a fast time-to-market.”
The move will allow the bank to be more adaptable to changing business needs and digital-first customer expectations enhancing its competitive advantage through easier deployment and development using a cloud-native approach. Additionally, the bank is able to comply with government and international policies and regulations.
“The collaboration with IBM has provided the ability of the bank to enhance its integration capabilities and reduce integration costs, whilst increasing the speed to market, agility, security, and quality of integration tasks. We can already see these benefits on Amole, our omni-channel banking platform, which is using IBM Cloud Pak for Integration, for critical financial transactions such as money transfers, mobile wallets, and others to streamline operations and improve digital experiences for our customers,” elaborated Shimelis Legesse, Chief Information Officer at Dashen Bank.
“As consumers’ preferences for digital and mobile solutions continue to grow due to increasing smartphone penetration and the demand for convenience, IBM is proud to be a trusted partner to Dashen Bank to accelerate their digital transformation. We helped Dashen Bank to identify the hybrid cloud strategy that meets its needs to ensure the bank had a fully integrated, cloud-ready solution that meets its integration requirement,” said Caroline Mukiira, GM East Africa, IBM.