Nabil Bank, the leading Commercial Bank of Nepal is on its way to take a leap in the digital field as well. They have just signed a strategic cooperation Memorandum of Understanding with Huawei. The CEO of two parties Mr. Anil Shah, CEO of Nabil Bank, and Mr. Deng Shuigen, CEO of Huawei Technologies Nepal signed the MOU on July 8th, 2020.
Nabil Bank has always been leading the way in the banking sector of Nepal. The bank has set several milestones in its road to modernizing financial services in Nepal. From ATMs to Online Payment Nabil Bank has been integral to its introduction in Nepal’s financial market. Not just that but Nabil Bank’s Partnership with F1Soft International has also helped them have one of the best mobile banking services in Nepal. It is probably the most fluid, responsive, and easy to use mobile banking systems present in Nepal. All of this justifies why Nabil Bank is the leading Commercial Bank in Nepal. They have been keeping up with the change in technology and bringing in innovation to the financial sector of Nepal.
Nabil Bank set to become the leading Digital Bank of Nepal as well?
Nabil Bank has further embarked on its journey to bring transformation and innovation in the financial sector of Nepal with this partnership with Huawei.
Huawei has been a leading company in Information Technology for quite some years now. With their resources and experience in the digital field, they can bring forth massive digital transformations to the benefit of Nabil Bank. Huawei has been integral in the digital transformation of many companies worldwide. 58 of the world’s top 100 enterprises seeking them as a partner for digital transformation. Huawei has also served 1600 financial customers globally among which it includes 45 of the world’s top 100 banks.
So, there is no doubt about the prospects that Huawei can bring to suit Nabil Bank and to digitally transform Nepal’s financial market. The company already has an impressive track record for doing so. It will be quite exciting to see what changes and innovations brought from Nabil Bank in the days to come. Mr. Anil K Shah, CEO of Nabil Bank, also expressed great excitement in the collaboration with Huawei. He said that this collaboration unlocks the door for a wide range of collaborative opportunities and will heavily benefit the bank and its customers as well.
With Nabil Bank already being the leading Commercial Bank of Nepal and having quite an impressive digital platform as well. This collaboration surely sets them on their way to become the leading Digital Bank of Nepal as well. However, other Commercial Banks like NIC ASIA have also made great initiatives in digital transformation as of late. This competitive environment among them seems to be fruitful for the financial sector of Nepal and customers.