PR89908

SHANGHAI, June 3, 2021 /PRNewswire=KYODO JBN/ --

Today, was the first day of the Huawei Intelligent Finance Summit 2021 held at

Shanghai, with the theme "Accelerate Financial Digitization, New Value

Together." The two-day event attracted more than 3,000 global financial

industry customers, partners, industry experts, and media. Huawei detailed how

financial institutions can utilize technology to upgrade the industry and range

of services on offer by constructing an ecosystem that is agile and

intelligent, and ultimately transform themselves into digital-capable

eco-enterprises. Huawei presented three strategic initiatives for their work in

the financial sector: fully embracing cloud-native technology, diversifying and

improving use cases within the industry and aggregating different SaaS products

to help financial institutions become better digital enterprises.

The Financial Industry Needs to Adapt and Accelerate the Pace of Transformation

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

Group, Huawei, in his opening speech made the point that as industries upgrade

and converge, the financial services sector will transform to have their

operations based on cloud through a more connected device ecosystem built for

all scenarios. He added that Huawei is currently collaborating with its

customers and partners to enable them to become more sustainable, resilient

digital ecosystem-based enterprises, through the co-creation of technology,

scenarios, and sustainability.

In the keynote speech on "Global Economic Recovery: Certainty and Uncertainty",

Dr. Fan Gang, Professor of Economics, Peking University; Vice President, China

Society of Economic Reform, said, "The global pandemic is far from over. As the

new engine of economic recovery, the most important component of the digital

economy is not the production of digital equipment and digital technology

itself, but the application of new information technology to transform various

industries. Digital finance is the driving force of the development of the

digital economy. It is therefore necessary to accelerate financial technology

innovation, as FinTech will play a leading role in upgrading the digital

transformation of thousands of industries."

Cao Tong, President of HDFH and First President of WeBank; Hou Weirong, General

Manager, Transaction Banking Department, China Merchants Bank; Chen Kunte Chief

Digital Transformation Officer of Global Financial Services Business Unit,

Enterprise BG, Huawei and Ye Tan, Well-Known Financial Critic joined the Panel:

Intelligent Finance Transformation.

"The world is going through a digital revolution, which is closely related to

finance and affects us all. Traditional banks are expanding their boundaries.

I'm looking forward to the day when bankers and experts in technology can

customize asset packages for users based on their age, wealth, and family

structure." Said by Ye Tan.

Huawei Announces Three Strategic Initiatives to Turn Financial Institutions

into Better Digital Ecosystem-based Enterprises

Huawei announced three strategic initiatives it would develop in the financial

sector to help financial institutions become better digital ecosystem-based

enterprises. These included:

(1)  Encouraging institutions to fully embrace cloud native, innovative

technologies that provide optimal infrastructure to accelerate digital and

intelligent convergence and create an agile platform.

(2)  Deepening digitalization across all industry scenarios to enhance safe and

secure data transfer, unlock the potential value of big data, and build out

financial inclusion.

(3)  Aggregating different SaaS products to build an open ecosystem for all

scenarios, and enable scenario-based financial services.

Jason Cao, President of the Global Financial Services Business Enterprise BG,

Huawei, said in his speech, "Huawei has been working with the global financial

industry for 10 years and has become an important partner in digital

transformation for the industry. Huawei will continue to work with this

industry to drive cloud-native computing to ensure financial institutions

benefit from a modern and dynamic digital ecosystem that can be continually

updated and developed, making use of the latest innovations. Huawei's ethos is

to help financial institutions grow into better digital ecosystem-based

enterprises and develop fully connected, intelligent, and ecosystem-based

finance together".

Shi Jilin, Vice President of HUAWEI CLOUD BU and President of Global Marketing

and Sales Service, said in her keynote speech that the financial industry has

always been at the forefront of digital transformation, and is at the stage of

developing to digital finance, from a single scene to a multi-scenario.

She said, "Huawei and the financial industry grow together to build

multi-purpose and intelligent FinTech solutions. We put forward four proposals:

first, fully embrace cloudification, solve the core problems of enterprise

cloud access, and guide digital transformation on the right path; second,

full-scenario intelligent connection, create "finance+X " to serve all kinds of

industries; third, to carry out intelligence to the end, AI will enter the

finance core production system and main business processes; fourth, build a

financial ecosystem around scenarios and create an ecological financial

industry. "

Realizing New Value in the Financial Industry with Global Banking Customers to

Build a New Financial Future Together

Various banking executives shared their stories and achievements of digital

transformation of Chinese financial enterprises at the meeting today.

Huawei has been working closely with DBS Bank to enable their digital

transformation to meet their evolving needs. In 2020, Huawei was awarded by DBS

the 2020 Most Valuable Technology Partner Award from a selection of 64 other

global technology vendors.

Tan Choon Boon, Head of Cloud Engineering and Services at DBS Singapore, said:

"DBS has developed a strategy focusing on five key elements for digital

transformation: driving comprehensive organizational change, including business

success-oriented organizations; moving from 'projects to platforms; taking

onboard modern system design; building excellent agile teams; and moving

towards complete automation. In the future, the two sides will continue to

strengthen cooperation in cloud, artificial intelligence, and IoT. We have been

working closely with Huawei to meet the bank's evolving requirements and drive

digital transformation."

The financial industry varies greatly across regions around the world, there

are still many people as well as small and medium-sized enterprises that cannot

access basic financial services. Financial institutions in many countries have

taken rapid steps to build digital platforms such as mobile wallets and mobile

payments with partners such as Huawei. These platforms are used to build a

super app ecosystem, such as Kenya NCBA, to help these financial institutions

achieve significant progress in enhancing their service offerings. Added

keynote1 to the customer's speech.

During the summit, Sitoyo Lopokoiyit, CEO, M-PESA Africa said, "We've seen the

power of M-PESA and mobile money in Africa in transforming how we can make an

impact in terms into society .Today we have over 350,000 businesses and over 5

million micro SMEs that use our services. On the other side, we have 58 million

customers who use our various products and services. At the core of this is our

technology and partners such as Huawei play a key role in ensuring that our

technology architecture addresses the needs of our business and customers."

Huawei Launches the Financial Partner Go Global Program (FPGGP)

During the summit, Huawei announced the official launch of the Financial

Partner Go Global Program (FPGGP). The company will work with partners in the

financial services industry to leverage Huawei's deep experience and

technological innovation capabilities in financial digital transformation.

The initial FPGGP has 25 members, including seven on the board of directors

from Huawei, Sunline, Tongdun Technology, Netis, Wallyt, Sinosoft, and

Chinasoft International.

Huawei's vision is to build a multi-purpose open ecosystem and enable global

financial institutions to serve users in various industries. During the summit,

Huawei explores additional cooperation agreements with financial institutions

such as Temenos, and plans 15 joint solutions to be released covering a diverse

set of use cases.

For more information, please

visit:https://e.huawei.com/topic/2021-event-fsi-summit/en/index.html

SOURCE  Huawei

Image Attachments Links:

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   Caption: Mr. Peng Zhongyang

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   Caption: Huawei Launches the Financial Partner Go Global Program (FPGGP)