AsiaNet  84335

SHENZHEN, China, June 10, 2020 /PRNewswire=KYODO JBN/ --

-- Huawei Holds Global FSI Summit 2020 online

Today, Huawei held its Global FSI Summit 2020 (online overseas part) with the

theme of "Thrive Digitally in a Mobile Future." Financial institutions and

enterprises were invited to share their experience and insights in dealing with

the "new normal" in the post-pandemic era, involving accelerated mobile first

implementation and using FinTech to ensure business continuity and reshape

financial services models. Huawei believes that mobile capabilities are key to

future banks. Supporting this mobile-centric business will require new IT

architectures and key capabilities of cloud, AI and 5G. As a leading tech

player, Huawei provides its global financial customers with competitive

financial ICT solutions, and works with various world-leading partners on joint

innovation.

The summit attracted the world's leading financial institutions including

Shanghai Pudong Development (SPD) Bank, China Construction Bank, Singapore DBS

Bank, Sberbank, BBVA, Isbank; the world's leading financial solutions provider

Temenos, and analyst institutions IDC and other global industry participants.

Financial Institutions that Adhere to the Mobile First Strategy and Going

Digital Will achieve Greater Success

The COVID-19 pandemic has advanced digital operations in the financial industry

with more confidence and determination in such implementation. Moreover, the

industry has demonstrated its advantages and value in applying new technologies

in digital operations.

Peng Zhongyang, Director of the Board, President of the Enterprise Business

Group, Huawei, stated: "Based on cloud computing, big data, artificial

intelligence, 5G, and other ICT technologies, innovative FinTech will embrace

new opportunities and lead the upgrade of financial services. We have combined

our 30 years of technical experience, capabilities, and industry insights with

customer needs, to provide competitive financial ICT products and solutions

that span multiple domains, and collaborate with various partners for joint

innovation. We believe that financial institutions that are ready to go digital

will probably see greater success."

Adhering to the "mobile first" principle to achieve smart experience is the

foundation for financial institutions' customer-centric business strategies,

said Jason Cao, President of Global Financial Services Business Unit,

Enterprise BG, Huawei. "We do believe that the mobile capability will be the

core of the future of the banking industry. It not only is applicable to the

interface that connects with client, but also to the internal operations and

collaborations with partners. Supporting this mobile-centric business will

require new IT architectures and key capabilities of 5G, AI and cloud. As a

leader of these technologies, Huawei has unique advantages that supports the

cloud transformation of financial institutions, builds new connecting

capabilities, and helps financial institutions improve their agility and

innovation capabilities," he explained.

The Transformation Experience of Banks in China Empowers the Global Financial

Services Industry

Over the past 10 years, Huawei has accumulated extensive experience globally.

Particularly in China market, Huawei has gained experience in leading banks'

transformation and thriving in the mobile App era. Notably, the banking sector

has taken a series of measures to ensure business continuity in different

stages of the pandemic. In the post-pandemic era, banks need to proactively

reflect on their business model and prepare for any uncertainties in order to

ensure an agile business moving forward.

Shanghai Pudong Development (SPD) Bank has applied technologies such as 5G,

IoT, artificial intelligence, and cloud computing since 2018. At the beginning

of this year, our bank established a three-year action plan, aiming to

strengthen open banking, promote full-stack digitalization, and create new

development drivers by focusing on customer experience and digital technology.

From the strategic perspective, we will promote data operations, technology

upgrade, and cross-industry collaboration. For example, SPD Bank has developed

an AI-powered virtual employee, Xiaopu. Through professional training, Xiaopu

is capable of offering risk assessment, financial consulting, investment

advice, and news broadcast services online. In the 5G environment, she can work

perfectly on various devices such as mobile phones, smart watches, and cars,

making high-quality, personalized, and intelligent services more convenient and

inclusive.

Pan Weidong, President of SPD Bank, expressed in his keynote speech: "Adhering

to 'customer-centricity', SPD Bank uses 5G and other technologies to

continuously innovate customer experience, business models, and open

ecosystems, and expand the breadth, depth, and width of financial services. We

will strengthen cross-industry cooperation and innovation. We want to create

infinite possibilities with connections, inspire infinite momentum with

intelligence, serve the industry ecosystem with FinTech, and jointly promote

high-quality social and economic development to embrace a better future."

China Construction Bank (CCB) launched the "TOP+" strategy for financial

digital transformation as early as 2011. It uses technology and data as a

two-wheel drive to actively embrace new technologies such as AI, blockchain,

cloud computing, and 5G, and embed financial services into the four essential

sectors, namely, clothing, food, housing and transportation. During the

pandemic, the application of new technologies allows CCB to provide customers

with "no-contact services" correspondingly. An online loans channel, for

example, is set timely to meet customer's financial needs. In early February,

the bank launched a comprehensive service of "anti-epidemic zone" through

mobile banking and WeChat Bank, providing real-time data on the epidemic

situation, application for late personal loan repayment, charitable donations

and other services.

Niu Wenchao, Senior Engineer of China Construction Bank, said at the summit:

"During the epidemic, while the over-the-counter transactions decreased

significantly, CCB's online transactions increased slightly. Thanks to CCB's

dual cloud strategy, the private cloud provides stable operations and public

cloud assists innovation and development. More importantly, we rely on the

intelligent data center infrastructure and the highly automated and intelligent

network jointly built by Huawei and CCB. Digital transformation has laid the

foundation for us to quickly respond to emergencies and maintain continuity of

customer services."

Huawei's Data Infrastructure Stimulates Digital Transformation in the Financial

Sector to Address Mobile Challenges

A strong and powerful real-time connectivity is of the essence when the banking

sector enters the digital world, and 5G, IoT, and a flexible network are key

technologies.

Accelerated data infrastructure enables future banking. Joy Huang, Chief

Strategy Officer, Cloud & AI BG, Huawei, thinks some banks have a sustaining

robust growth because of digital technologies. These growing companies have one

thing in common, that is their good online services capabilities based on

cloud, so that they can be very agile in innovation. Huawei learns from

customers that the most effective way is to practice multi-cloud, with separate

clouds for different users, and meanwhile pay close attention to customers'

last-mile experience for mobile services and smart branches.

User experience improvement of financial Apps is an important part of digital

transformation. Siri Borsum, VP of Finance Vertical, Global Partnerships &

Eco-Development, Consumer BG, Huawei, commented: "Huawei's large number of

device users, strong HMS capabilities, rich market resources, offline retail

resources, and global human resources will help our partners serve users better

and improve user experience of mobile Apps."

Network connectivity is one of the core components of the financial data

infrastructure. Daniel Tang, CTO of Data Communications Product Line, Huawei,

said: "Huawei's comprehensively upgraded CloudFabric 2.0 data center network

solution, through the high-density 400GE intelligent ultra-wide, zero packet

loss intelligent connection and Support differentiated capabilities such as

intelligent operation and maintenance of autonomous driving networks, lead the

data center network into the intelligent era, help financial institutions build

full-scale financial services, and enhance mobile user experience."

Huawei helps financial institutions digitally transform in terms of inclusive

finance, data-driven business innovation, open banking, and providing customers

with inclusive, stable, secure, and convenient financial services. To date,

Huawei has served more than 1,600 financial institutions worldwide, including

45 of the world's top 100 banks. In addition, it has established comprehensive

strategic collaboration with 20 large-scale banks, insurers, and securities

companies around the world, and has become a trusted strategic partner for

customers' digital transformation.

Huawei's Global FSI Summit is a global ICT event hosted by Huawei and focused

on the financial services industry. The event was first held in 2013 and all

attendees are industry elites from financial institutions. For more information

about Huawei Global FSI Summit 2020, please visit:

https://e.huawei.com/topic/finance2020/en/

SOURCE: Huawei