Ethiopia’s Dashen Bank partners IBM to cement digital capability
Addis Ababa-based Dashen Bank has implemented IBM Cloud Pak for Integration on Red Hat OpenShift, to modernise its cloud integration architecture.
Dashen Bank says the collaboration with IBM will “expand its ecosystem by accelerating digital transformation and new innovative offerings for customers.”
The companies said the demand for digital banking services is increasing in Ethiopia’s telecommunications industry, accelerating the adoption of technologies to boost financial inclusion in the country.
According to the GSMA, smartphones will constitute 58% of internet connections in Ethiopia by 2025 and they will play a critical role in facilitating the delivery of digital financial services to consumers.
Working with IBM and its business partners Eidiko Systems Integrators Pvt. Ltd. and Afcor PLC, Dashen Bank said it has gained “an agile, secure, and reliable integration platform” which optimises the bank’s resources across cloud and on-premise environments.
It added that by adopting a hybrid cloud strategy, it can now deploy and expand its digital channels across any technology environment, enhancing the open banking experience with key stakeholders such as Fintechs, neo-banks and corporate and telecom partners.
Shimelis Legesse, Chief Information Officer, Dashen Bank, said, “We can already see these benefits on Amole, our omnichannel banking platform, which is using IBM Cloud Pak for Integration, for critical financial transactions such as money transfers, mobile wallets, etc. to streamline operations and improve digital experiences for our customers.”
Caroline Mukiira, GM East Africa, IBM, added, “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 their integration requirement.”