en.Wedoany.com Reported - Huawei Cloud and Thndr, an Egyptian digital investment platform, signed a Memorandum of Understanding at the 2026 Huawei Cloud Fintech Summit to deepen collaboration in fintech innovation and promote the application of cloud computing, artificial intelligence, and secure digital infrastructure within the financial services ecosystem.
The MoU was signed by Jo Xu, CEO of Huawei Cloud Egypt, and Ahmad Hammouda, Co-founder and CEO of Thndr. Under the agreement, both parties plan to collaborate on specific innovation initiatives, leveraging cloud and AI capabilities to enhance operational efficiency, deliver smarter, seamless, and secure user experiences, and support the growth of Egypt's fintech ecosystem.
Huawei Cloud provides financial institutions with high performance, reliability, and scalability through an integrated cloud infrastructure combining computing, storage, and networking capabilities, along with advanced hardware-software synergy technologies. Huawei Cloud also advances financial AI capabilities through a dedicated financial-grade AI agent empowerment platform, which supports multiple models and use cases, helping institutions accelerate the adoption of intelligent financial services and explore new innovation pathways.
Jo Xu stated that since launching its cloud region in Egypt in 2024, Huawei Cloud has laid a solid foundation for organizations to innovate through secure, flexible, and scalable cloud services, witnessing strong momentum and success in empowering the fintech sector. This collaboration with Thndr will jointly deliver advanced cloud and AI solutions, enhancing the efficiency of digital financial services and providing smarter, more adaptive customer experiences, reflecting a vision to drive the financial industry toward next-generation intelligent services and strengthen its competitiveness. Ahmad Hammouda said that Thndr's mission is to make investing more accessible, simple, and inclusive for millions of people in Egypt and the region, and achieving this mission requires a robust technological foundation to support growth, resilience, security, and customer experience. He expressed delight in strengthening cooperation with Huawei Cloud to continue scaling the platform and exploring new opportunities brought by cloud and AI technologies.
Since establishing its first large-scale public cloud region in Egypt in 2024, Huawei Cloud has played a key role in enhancing data sovereignty and supporting Egypt's broader digital economy goals. The company has obtained certification from the National Telecom Regulatory Authority, holding a Level 3 license to serve multiple industries in compliance with the highest standards of compliance, reliability, and governance. In response to the growing demands of the fintech industry, Huawei Cloud provides a cloud environment that meets the data sovereignty and localization requirements of the Financial Regulatory Authority, ensuring that sensitive data is processed and stored within Egypt, helping to build trust among financial institutions and lay a foundation for security.
Huawei Cloud and Thndr jointly reaffirmed their commitment to driving the development of Egypt's fintech ecosystem through the adoption of cloud technology and artificial intelligence, contributing to a more innovative, efficient, and sustainable financial industry and supporting Egypt's digital transformation agenda.
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