Standard Chartered and Huawei Develop IoT Solution to Expand Ecosystem Lending

From left to right: Qiu Lei, Vice President of Marketing and Product Solution Sales, Huawei Enterprise Business Group, Huawei; Jerry Zhang, CEO, Standard Chartered China; Zhang Xiwei, President of Cloud Communications Product Line, Huawei; Michael Gorriz, Group CIO, Standard Chartered; Daniel Zhou, President of Enterprise Business Group, Southern Pacific, Huawei; Ye Jiwei, Head of Transaction Banking, Standard Chartered China.

[Shanghai, China, October 15, 2018] Standard Chartered and Huawei have announced that they are developing an Internet of Things (IoT)-powered solution that could revolutionize the way corporations communicate with banks for financing or payments. Rather than corporations having to manually initiate these transactions through paper-based or emailed instructions, corporations and bank systems will be able to