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SINGAPORE, July 21, 2022 /PRNewswire=KYODO JBN/ --

July 20, the three-day Huawei Intelligent Finance Summit 2022 officially begins

at Sands Expo and Convention Centre. Under the theme of "Shaping Smarter,

Greener Finance", the summit is bringing together financial industry leading

figures, KOLs, academic experts, and innovative practitioners from more than 30

countries around the world to discuss the future development of the financial

industry, exploring how to build smarter and greener finance together.

Huawei proposed three core elements for gaining competitiveness in the

financial industry, upon the arrival of the super digitalization era

With the fully connected intelligent world on its way, both the economy and

society are transforming towards two major trends of digitalization and

sustainable development. In face of changing financial service scenarios and

business models in the digital era, the financial industry is met with a

growing demand for rapid business innovation and ultimate customer experience,

which further speeds up its pace of transformation. To cope with the complex

and dynamic nature of digital transformation, it is necessary for the financial

industry to rebuild its core competitiveness amidst the digital era in order to

realize the vision of intelligent finance.

"Better connections, stronger intelligence, and more scenarios are the key to

building competitiveness of digital finance," Ryan Ding, President of the

Huawei Enterprise BG, pointed out, "Following the concept of co-creation,

sharing, and win-win, we are working with our customers and partners in finding

a way towards Shaping Smarter, Greener Finance, Creating New Value Together."

Huawei announced three strategic initiatives, advancing the digitalization of

the financial industry in the new era.

Jason Cao, CEO of Huawei Global Digital Finance said in his speech,

"Technology, especially the connection and intelligence, continues to drive the

development of the financial industry. In 2022, we have officially entered into

the ZFLOPS era for AI computing power. With the development of AI, we will

embrace super-personalization. By 2025, more than 100 billion physical

connections will lead to financial services for 'things'. In the future, smart

contract will enable intelligent decision-making possible everywhere. New

service and product models will emerge one after another. However, end-to-end

user experience, real-time processing of massive data, and O&M and management

of more complex networks and multi clouds will all become challenges for the

financial industry. We are facing opportunities as well as challenges. "

To build smarter and greener finance based on better connections, stronger

intelligence, and more scenarios, Huawei announced three strategic initiatives

for the financial sector during the summit.

  1.Smarter: smarter customer engagement solutions to improve digital

experience; data and intelligent converged platform to build real-time data

capabilities; hybrid multi-cloud architecture to make cross-cloud management

easier and services more agile.

  2.Greener: autonomous digital infrastructure to help financial institutions

achieve high efficiency, availability, and performance and facilitate

collaboration of multi-technology, heterogeneous technology, and hybrid

multi-cloud.

  3.Together: Build a global ecosystem cooperation platform and put forward

three upgraded initiatives for the Financial Partner Go Global Program 2.0

(FPGGP): develop more solution partners; expand FPGGP to global consulting and

service partners; develop local sales and service partners for providing FPGGP

solutions locally.

Working with global clients and partners, shaping smarter and greener finance

During the summit, Huawei and DBS announced the establishment of the Innovation

Showcase at DBS Newton Green.

Huawei also signed a Memorandum of Understanding (MOU) with OCBC Bank to

bolster the bank's digital transformation in Southeast Asia and the Greater Bay

Area in three key initiatives: Green Branch and Buildings with Smart IoT; Data

Science and Artificial Intelligence (AI) Innovation and Cloud Adoption

Acceleration.

Meanwhile, Huawei released the Digital Banking 2.0 Solution leveraging Temenos

open platform. The solution supports the quick launch of digital banks and

helps larger banks accelerate their modernization in the cloud. This greatly

improves the rollout efficiency and customer satisfaction.

In the coming days, Huawei will sign a number of cooperation agreements with

several financial institutions, and unveil a wide variety of products and

solutions jointly created with partners, covering various business scenarios.

SOURCE:  Huawei

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   Link: http://asianetnews.net/view-attachment?attach-id=425925

   Caption: Jason Cao, CEO of Huawei Global Digital Finance