Huawei unveils four key strategies to empower the financial industry to embrace change

2023-06-08 17:49:40

SHANGHAI, March 20 /PRNewswire/ The highly anticipated Huawei Intelligent Finance Summit 2023 kicked off in Shanghai, bringing together over 2,000 industry leaders, experts, and innovators from more than 300 financial institutions worldwide. Under the motto “Navigate Change, Shaping Smarter Finance Together”, the participants discussed how to accelerate digital transformation through innovative technologies in order to increase digital productivity.

Jason Cao, CEO of Huawei Global Digital Finance, stated, “The world is rapidly approaching a milestone of 100 billion connections, with an explosion of ZB-level data. The era of ZFLOPS has officially begun, in which the performance of AI has passed the tipping point and is now driving change in various industries and services. To thrive in the intelligent age, we must reassess our approach to connections, data, applications and infrastructure, and fully leverage digital technologies to build a future-focused core competitiveness.”

Huawei is committed to making strategic investments in enabling technologies to deepen its exposure to the financial industry. In line with this commitment, Huawei has announced four strategic directions for the financial industry: building resilient infrastructure, accelerating application modernization, enhancing data-centric decisions, and enabling scenario innovation.

  1. Focus on ICT products and portfolios for Strengthening the resilience of the digital infrastructure
  2. support customers Accelerate application modernization and enable service flexibility
  3. Dive into data intelligence to make the Improve data usage and data-driven customer decisions
  4. Cloud, pipe, edge, and device technologies work together to deliver the Enable customer scenario innovation

Looking ahead, Huawei will continue to explore business scenarios and develop systematic solutions guided by the strategic directions. Our goal is to help our clients build full connectivity with agility, experience and collaboration, and receive comprehensive information that is real-time, converged and shared to enable ubiquitous financial services for all scenarios.

Collaborating with global clients and partners to create smarter finance together

Keynote speakers included Niu Xinzhuang, CIO of Postal Savings Bank of China, Zhou Yanti, Director General of Financial Technology Department of Bank of Communications, Brett King, a world-renowned opinion leader and author of Bank 4.0, Zhou Tianhong, General Manager of Information Technology Department of China Merchants Bank, Mao Yuxing, Deputy General Manager of Haitong Securities, and Kou Guan, General Manager of IT Management Department and Technology Operations Center of China CITIC Bank. In their speeches, they presented the latest and most innovative practices in the field of financial digital transformation and provided valuable insights into the future of digital finance.

During the summit, Huawei signed cooperation agreements with several financial institutions to launch new solutions and enhance the innovative technical capabilities of several ICT products and portfolio solutions. Huawei is committed to promoting the comprehensive development of digital talent and works closely with the industry to achieve this goal. Over the next three years, Huawei will work closely with customers, industry associations and partners to train 50,000 digital professionals for the industry and lay a solid foundation for financial transformation.

Huawei has been dedicated to the financial industry for 13 years. So far, Huawei has served more than 3,300 financial customers in more than 60 countries and regions, including 50 of the world’s top 100 banks. Huawei will continue to develop cutting-edge technologies and explore new scenarios in the future. At the same time, we are working with customers and partners to build fully connected, intelligent, and all-scenario digital finance. By embracing change with agility and innovation, Huawei aims to increase digital productivity and create a better tomorrow together.

For more information, see:

hwebgcomms@huawei.com

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