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FINANCIAL TECHNOLOGY | Cesar Tordesillas, Malaysia

Huawei to introduce virtual ATM

Huawei Technologies will introduce the virtual ATM service in Malaysia next month.


According to Leo Li Shi Wei, director of Enterprise Business, Malaysia representative office, Virtual ATM will be among the solutions that would strengthen the company's enterprise portfolio.

"For enterprise solution, we can provide end-to-end ICT solutions for financial services and also for the public sector. We have dedicated solutions for Malaysia especially for the government to increase efficiency of operations as well as in green technology," he said.

Li said its virtual banking's web camera allows ATMs to act as virtual branches and offer services such as money withdrawals, besides processing card and chequebook applications in real time.

"Currently, we are in talks with three banks and one of them has expressed interest to consider this solution for their operations. We expect to get results by year-end," said Li.

The solution, which can save 30 to 50 per cent of operation cost, is expected to be released next month, he said.

The full story is available at Bernama News.

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