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Dashen Bank, a private bank in Ethiopia today announced it has implemented IBM Cloud Pak for Integration on Red Hat OpenShift, to modernise its cloud integration architecture. 

The collaboration with IBM will help the bank expand its ecosystem by accelerating digital transformation and new innovative offerings for customers.

The demand for digital banking services is increasing in Ethiopia’s telecom sector, 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 has gained an agile, secure, and reliable integration platform which optimises the bank’s resources across cloud and on-premise environments.  By adopting a hybrid cloud strategy, the bank 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. Dashen Bank can now constantly onboard and integrate new apps and partners with a fast time-to-market.

“The collaboration with IBM has provided the ability for Dashen Bank to enhance our integration capabilities and reduce integration costs, increase our speed to market, agility, security, and quality of integration tasks.

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.” says Shimelis Legesse, Chief Information Officer, 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 their integration requirement.” says Caroline Mukiira, GM East Africa, IBM.

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.

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