Huawei partners to provide financial institutions biometric tool for secure remote loan onboarding
Huawei and Sunline have jointly released a new contactless tool with biometric authentication for financial services, called the Digital Loan One Box Solution.
The announcement was made at HUAWEI CONNECT 2020 in Shanghai, an annual flagship event hosted by Huawei for the global information and communications technology industry.
The new solution will allow financial institutions to launch online loan product campaigns, biometric customer e-KYC, risk assessment, fund disbursement, and post-loan processing.
Huawei said it was developed to answer the needs of financial investors and their customers for digital financial services, particularly under the strain of the COVID-19 pandemic.
“Amid the ongoing pandemic, the solution comes at the right time for financial institutions,” said Jason Cao, President of Global Financial Services Business Unit, Enterprise Business Group at Huawei.
“It can satisfy the demands of efficient lending and loaning for both financial institutions and customers during such special times.”
Built on Huawei FusionCube Hyper-Converged Infrastructure, the Digital Loan One Box Solution adopts the enterprise-level microservices banking framework EDSP released by Sunline in 2020.
Some of the features of the new platform include real-time remote account opening and biometric identity proofing for multi-factor authentication (MFA), as well as automated online loan origination, approval, and fund disbursement.
The Digital Loan One Box Solution also features the real-time formulation of promotions and marketing campaigns and offers quick access for ecosystem partners via standard open APIs.
“It meets the dynamic horizontal scaling requirements of financial institutions of any size at both the business and system demands,” commented Hongan Li, Senior Vice President of Sunline.
”Our aim is to provide a solution that is practical and helpful in this extraordinary time.”
The Digital Loan One Box Solution will be rolled out across countries and regions, such as Southeast Asia, the Middle East, Latin America, and Africa, in the next few months.