ETHIOPIA – Dashen Bank, the Addis Ababa based commercial bank, has collaborated with IBM for the implementation of 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.

“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,” Shimelis Legesse, Chief Information Officer, Dashen Bank, said.

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.

“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,” Caroline Mukiira, GM East Africa, IBM, added.

“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.”

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.

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