KHAZANA ENTERPRISE LAUNCHES FIRST FINTECH AND NATIONAL CLOUD SERVICES, REVOLUTIONIZING FINANCIAL LANDSCAPE IN PAKISTAN POWERED BY HUAWEI

*Huawei Powers first national Hyper-Scale Financial Cloud*

KHAZANA ENTERPRISE LAUNCHES FIRST FINTECH AND NATIONAL CLOUD SERVICES, REVOLUTIONIZING FINANCIAL LANDSCAPE IN PAKISTAN POWERED BY HUAWEI

*Islamabad*:- Huawei Technologies Ltd and Khazana Enterprise have taken a monumental step to build the first of its kind, hyper-scaler financial cloud in the country. They announced this at the launch event attended by the key leaders from the financial industry, government and business sectors of Pakistan.

The First National In-Country Cloud is a leap… not just for the ICT Industry in Pakistan but for the economy as a whole. Pakistan is denied of millions of dollars for access to Cloud Services. No longer will that be the case. This initiative paves the way for entities to opt for a solution in Pakistan that benefits local businesses and the exchequer.

Mr. Nadeem Hussain the Executive Chairman of Planet N Group said in his welcome note; “I congratulate Huawei Management and Khazan team for this successful cloud launch which is first of its type. If you want digital Pakistan, then you have tons of data and this data needs to be stored somewhere either physical storage or on a cloud and the world has demonstrated the benefits of cloud over physical data storage i.e. flexibility, agility, cost cyber security etc. Huawei Cloud is the answer to all above being one of the top cloud service providers. Lastly SBP is giving an enabling environment for the in-country cloud that can be used both for the material or non-material data”
Mr. Bob Din, Chairman Khazana said, “ I congratulate the tech industry of Pakistan specially Khazana Team and Huawei Cloud Team for this progressive initiative and the conducive environment provided by the regulators in Pakistan for the development of Cloud Infrastructure”
Mr. Shahzad Rasheed, CEO, Huawei Cloud Pakistan said “We are living in the era of disruption, either disrupt or get disrupted. The upcoming time will completely change the way banks have been operating This Digital transformation of organizations is not possible without using digital divers like AI, IOT, Machine Learning and these digital drivers need to be hosted somewhere on a cloud and Huawei Cloud differentiate itself by 2 ways; firstly being one of the three hyper scaler federated cloud available in Pakistan ; secondly for the digital banks, Huawei Cloud provides software services and out of book solutions just by a single click”
Mr. Akif Saeed, Chairman SECP said in his keynote, “SECP is focusing on end to end digitalization of companies operating in Pakistan. I congratulate Huawei and Khazana for this step as data is the new oil or wealth that needs to be protected. However, with this top-notch partnership of Huawei and Khazana, regulator and end user’s concerns like data sovereignty and security seem to be addressed”
Ms. Sima Kamil, Deputy Governor, State Bank of Pakistan said; SBP is appreciative and welcomes the launch of Huawei cloud. SBP has been aggressively working formulating regulatory framework for the Cloud Services. SBP approves of Huawei cloud basically for five main reasons. Firstly, this indigenous model addresses the issue of data security and allows the data to remain within the country subject to the relevant laws and regulations; secondly data security and privacy which givers more control on the sensitive information; thirdly it removes latency and improves efficiency by providing faster access; fourthly boosts economic growth & employment generation and lastly cost optimization. Concludingly, Data economy, huge data dependence needs to be reduced and cloud infrastructure is vital to that.

Huawei Cloud has been deployed in 29 Regions around the world, and is fast becoming the preferred choice of customers in industries such as finance and manufacturing to migrate to the cloud. Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. Huawei has 207,000 employees and operate in over 170 countries and regions, serving more than three billion people around the world. They are committed to bringing digital to every person, home and organization for a fully connected, intelligent world.

Khazana Enterprise is an institution in Pakistan dedicated to providing innovative products and services. With a customer-centric approach, Khazana aims to simplify and enhance the lives of individuals and businesses across the country. To provide personalized support, Khazana will establish physical service centers and dedicated customer support channels. This commitment to human interaction underscores Khazana’s dedication to addressing customer concerns and providing tailored assistance throughout their financial journey.

“Our belief is that technology should empower our customers and drive economic growth. With our Fintech and National Cloud services, we aim to revolutionize the financial landscape in Pakistan,” stated Bob Din, Chairman of Khazana Enterprise.
Furthermore, Nadeem Khan, CEO of Khazana Enterprise, stated that Khazana’s National Cloud services will establish a robust and secure infrastructure for businesses and public sector organizations to store, manage, and analyze their data. This will enhance operational efficiency, reduce costs, and foster innovation across various sectors. Khazana envisions a digital ecosystem where businesses can thrive, collaborate, and contribute to Pakistan’s economic growth.
This event further solidified this collaboration by signing MOUs with fintech companies that included Raqami Islamic Digital Bank. HengShan and TitliS Technology.