NEWS
Huawei and Xpress Money to grow mobile
money footprint in Africa
X
press Money, one of the world’s most dependable money
transfer brands, has joined forces with Huawei to drive mobile
money services to more of the worlds unbanked, especially in Africa.
The partnership will give the globally respected remittance firm
access to Huawei’s mobile money service platform, which has over
100 million mobile money accounts globally.
Huawei’s mobile money services platform delivers basic banking
transactions in developing countries. The technology is not restricted,
and because it works on both smartphones and basic handsets, it has
been particularly successful in developing markets.
Recipients of Xpress Money remittances can use the service to
make online and offline payments, pay for essential services such
as utilities and school fees, as well as financial services like loan
applications, insurance and banking.
“Africa is a key market in the mobile money industry and it’s
imperative we give our customers here access to the best services,”
said David Chen, Director of Marketing and Solution Sales, Huawei
Southern Africa region.
“For those that have limited access to formal banking services, mobile
money is a critical technology. There are over 500 million mobile
money accounts currently in use, and with Huawei servicing over
100 million of these, we’re confident this collaboration will improve
the state of financial services for Africa’s unbanked,” said Sudhesh
Giriyan, Chief Operating Officer of Xpress Money.
Huawei’s mobile money partners in Africa include Safaricom,
Vodafone, Vodacom and Teasy Mobile.
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New Nokia security software helps combat
growing ransomware threat
N
okia has announced its next-generation
NetGuard Security Management
Center software, designed to bolster service
providers’ ability to proactively detect,
predict and combat the growing threat from
ransomware and other types of malware.
The volume, velocity and variety of security
data today is overwhelming security teams.
Companies typically receive hundreds of
thousands of security alerts per year, up
to 70% of which are never investigated.
In addition, the proliferation of point
security solutions in customers’ networks is
extremely complex and difficult to manage,
a challenge expected to get considerably
worse with the broad deployment of new
Internet of Things (IoT) devices.
The Nokia NetGuard Security Management
Center is a single cohesive, end-to-
end management solution for security
orchestration, analytics and response. It
enables service providers to monitor, configure
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INTELLIGENTCIO
and control all the multi-vendor security
systems deployed across their networks.
The latest version integrates the power of
analytics and automation to transform
security management and operations from
a manual and reactive process to a dynamic,
predictive and automated one, and lays the
foundation for the addition of advanced
machine learning and artificial intelligence
capabilities in future releases. The latest
Nokia NetGuard Security Management
Center allows service providers to investigate
100% of alerts at 50% lower costs,
eliminate up to 70% of false alerts, reduce
alert investigation times by more than 50%
and mitigate threats before breaches occur
and cause widespread damage.
www.intelligentcio.com