Dashen Bank has implemented IBM Cloud Pak for Integration modernizing its cloud integration architecture.
The implementation, which enhances Dashen’s open banking experiences with fintechs, neo-banks, and telecom partners, enables Dashen to constantly onboard and integrate new apps and partners with a fast time-to-market.
IBM Cloud Pak for Integration is an enterprise-ready, containerized software solution containing tools needed to integrate and connect application components and data within and between clouds.
Businesses opting to go through digital transformation are tasked with connecting their data and software while simultaneously minimizing their exposure to security risks.
Traditional approaches to integration are slow to implement, hard to scale, and require sophisticated skills and complex technologies.
IBM Cloud Pak for Integration uses a new AI-powered approach to this problem, which includes components like API lifecycle, application, and data integration, enterprise messaging, event streaming, high-speed data transfer, asset repository, and operations dashboard.
The demand for digital banking services is increasing in Ethiopia’s telecom sector, which is 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.
Dashen, which implemented IBM Cloud Pak for Integration on Red Hat Open Shift, says it has gained a secure, reliable integration platform that optimizes the Bank’s resources across the cloud and on-premise environments.
By adopting a hybrid cloud strategy, the Bank can now deploy and expand its digital channels across technological environments.
“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,” said Shimelis Legesse, Chief Information Officer, Dashen Bank.
“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,” he 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,” said Caroline Mukiira GM East Africa, IBM.