BFSI leaders discuss “Resilience in the Age of Digital Innovations”

• Exclusive event hosted by MillenniumIT ESP, Huawei and Inflow Technologies

MillenniumIT ESP, in partnership with Huawei and Inflow Technologies, recently hosted an exclusive event for key decision-makers from the Banking, Financial Services, and Insurance (BFSI) sector. Titled “Resilience in the Age of Digital Innovations,” the event took place on 19 November 2024 at the Lotus Ballroom, Shangri-La Colombo.

The gathering served as a platform to collaboratively explore innovative strategies that enhance resilience and drive digital transformation in the BFSI sector. With over 80 professionals from nearly 30 leading financial institutions—including banks, insurance providers, and finance companies—in attendance, the event focused on addressing emerging challenges and uncovering opportunities in an increasingly digital landscape. The carefully curated agenda aimed to empower BFSI organisations with the tools, insights, and expertise needed to excel in this dynamic environment.

A highlight of the event was the keynote address by Lim Huck Siang, Chief Digital Officer for the Asia Pacific Enterprise Finance Account Department at Huawei. His forward-thinking presentation provided actionable strategies for integrating advanced technologies into BFSI operations, underscoring the importance of digital resilience in navigating complex challenges and ensuring future success in a rapidly evolving sector.

MillenniumIT ESP Director/CEO Shevan Goonetilleke, highlighted the company’s role as a trusted partner in banking IT transformation:

“In today’s dynamic financial landscape, resilience and innovation are crucial for success. At MillenniumIT ESP, we take pride in integrating Huawei’s advanced storage solutions with our expertise to ensure seamless operations, enhanced security, and full compliance for the banking sector.

Leveraging our certified expertise—including HCIE, HCIP, and HCIA certifications—we deliver customised configurations and ongoing support to strengthen banking resilience. Our approach focuses on building value by proactively addressing challenges and delivering solutions tailored to each institution’s unique needs.

Together with Huawei and our partners, we remain committed to driving digital transformation and operational excellence for organisations.”

Throughout the event, participants explored Huawei’s advanced data infrastructure solutions for BFSI, including seamless storage integration, a newly launched virtualisation platform, and the vital role of resilient digital banking infrastructure in future-proofing institutions against risks and disruptions.

Huawei Sri Lanka Enterprise Business Group Vice President Hao Zhiqiang, expressed his enthusiasm for collaboration:

“Huawei is dedicated to building resilient digital ecosystems for the BFSI sector. By integrating our innovative technologies with the expertise of partners like MillenniumIT ESP, we can offer solutions that enable institutions to remain competitive. Through collaborative action, we can empower industries with the agility to adapt to rapidly changing conditions.”

Huawei Sri Lanka Financial Services Industry (FSI) Account Director Sikander Sabeer echoed this sentiment:

“As the banking industry grapples with ever-increasing demands for digital innovation, Huawei stands ready to bring the expertise knowledge that could reshape the financial ecosystem through its innovative solutions tailored to the specific needs of Sri Lanka’s banking sector”

Inflow Technologies, Huawei’s distributor for South Asia, contributes as a value-added distributor by supporting this event. Commenting on the initiative, SAARC at Inflow Technologies Business Manager Shehan Rajudin said:

“We have been operating in Sri Lanka for over a decade, serving more than 80 system integrators and partners while playing a vital role in the digitisation journey of Sri Lankan customers. We are proud to partner with Huawei and MillenniumIT ESP, two powerhouse organisations dedicated to transforming Sri Lanka’s banking and finance sector”

“Resilience in the Age of Digital Innovations” concluded on a high note with a networking session, marking another milestone in MillenniumIT ESP’s journey of fostering innovation and collaboration across industries. By leveraging partnerships with leading technology providers such as Huawei and Inflow Technologies, MillenniumIT ESP continues to lead the way in enabling resilient and adaptive business operations for the BFSI sector. Huawei Asia Pacific Enterprise Finance Account Department Chief Digital Officer Lim Huck Siang shared key insights on the vital role of digital resilience in shaping the future of the BFSI sector.

Huawei Senior Solutions Architect Nandana Padma Kumara shared valuable insights on Huawei’s Resilient Infrastructure Solutions. MillenniumIT ESP Associate Vice President – Platforms Kanchana Herath shared insights on how the company integrates Huawei Storage to enable seamless banking operations.