-Huawei Holds Global FSI Summit 2019 with Partners in Shanghai-

The Huawei Global FSI Summit 2019 held in Shanghai today, under the theme 
"Holistic Digital Transformation, Taking the Pulse of Smart Finance". The 
summit has attracted more than 2,000 global financial customers, partners and 
experts from global institutions, such as Deloitte, Industrial and Commercial 
Bank of China, China Life Insurance, Sberbank, Erste Bank, Shenzhen Stock 
Exchange, Bradesco, Guotai Junan Securities, and Zhejiang Rural Credit. 
Centering on the new challenges facing the financial services industry in the 
digital economy era, all the attendees shared their digital transformation 
initiatives and successful practices to help more financial institutions 
navigate the road of digital transformation to smart finance.

Financial Services Everywhere: "AI+DATA" for Smart Finance

Ma Yue, Vice President of Huawei Enterprise BG and President of EBG Global 
Sales, said in his opening speech: "The financial services industry has entered 
the 4.0 era. Financial services are becoming everywhere, driving the financial 
institutions to build platforms and ecosystems to allow the creation of new 
business and service models. AI and data have become core driving forces that 
enable financial business innovation. Huawei's AI+ Data Solution helps customer 
reshape their closed ICT systems into open cloud platforms. This allows data to 
evolve to big data and fast data. We are helping customers build AI platforms 
and achieve Smart Finance." 

https://photos.prnasia.com/prnh/20190424/2445226-1
(Ma Yue, Vice President of Huawei Enterprise BG and President of EBG Global 
Sales)

Tim Pagett, Asia FSI Leader of Deloitte, commented: "Change steps have shifted 
from linear to rapid pickup. Structured and unstructured data is expanding 
rapidly. It's crucial to obtain, visualize, and integrate big data to make 
major business decisions. At the same time, demographic changes and digital 
enterprises have reshaped the market environment. The trend is to provide 
customers with smooth digital experience. Therefore, technology, talent, and 
business culture will all become flexible and agile."

Smart Banking: FinTech Delivers an Ultimate Experience

Smart banking is becoming the commanding heights of global banking in the 
digital economy era. Zhang Yan, Deputy General Manager, Technology Dept, ICBC, 
said that ICBC focuses on promoting in-depth integration of banks and 
ecosystems, reshapes the new business architecture of "all-customers, 
omni-channels, and all-products" with a new ecosystem, and then promotes the 
transformation of the "host + open platform" dual-core IT architecture. This is 
to accelerate the smart, inclusive, and open transformation of financial 
services, and to build an open smart banking ecosystem that integrates finance 
with technology.

"Innovation is deeply embedded in Erste's DNA and is one of the core business 
drivers within Erste Bank. Erste has proven already in the area of trade 
financing and in retail banking that it's capable to build technology-enabled 
FinTech like solutions from scratch," said Clemens Muller, Executive Assistant 
of the BOD, Erste Bank.

Yang Gang, Deputy General Manager of Science and Technology Management Dept, 
Zhejiang Rural Credit, stated that Zhejiang Rural Credit integrates new digital 
resources into every link and scenario of the rural financial service value 
chain to support the "last mile" of financial services.

Smart Insurance: Intelligent Insights and Upgraded Services

Lin Zhipeng, Deputy General Manager of Data Dept, China Life Insurance said: 
"China Life built a first-class digital platform by leveraging cloud IT 
architecture and artificial intelligence technology. Based on this, we can 
build a digital business platform that integrates healthcare, elderly care, and 
financial services with the insurance core. It offers smart insurance services 
to support social and economic development and improve people's lives."

Smart Securities: Innovative Smart Architecture Accelerates Transformation

Yu Huali, Chief Engineer, Shenzhen Stock Exchange, said they have accelerated 
the transformation of the technical architecture by taking networking, 
digitalization, and intelligence as the core, in the open financial 
environment. Data and AI optimize risk control, improve service capabilities of 
trading platforms, and promote the healthy development of the securities 
trading market.

Yu Feng, IT Director, Guotai Junan Securities, stated that they adopted the 
digital Guotai Junan strategy to promote data governance, improve customer 
experience, redesign operational processes, and upgrade business models. They 
have actively promoted the development of data ecosystems to help the 
securities industry achieve digital transformation.

Smart Exhibition Hall: Scenario-specific Service Experience

Huawei and partners have a smart exhibition hall of over 800 square meters. The 
Smart Experience, Smart Decision-making, Smart Architecture, and Fundamental 
Research areas demonstrate full-stack, intelligent financial solutions by 
offering scenario-specific service experience.

Smart Experience: Unattended counters, intelligent customer service, and VR 
banking show Huawei's innovative applications in the IoT and intelligent 
security domains. It shows how Huawei helps financial institutions contact with 
customers and deliver an ultimate services experience.

Smart Decision-making: Huawei's smart, high-performance data analysis products 
and solutions, such as smart risk control, converged data warehouse, and AI 
Fabric, support efficient operations and decision-making of financial 
institutions.

Smart Architecture: The innovative architecture of "one cloud + three networks" 
demonstrates Huawei's ability to help financial customers build open and 
scalable smart ICT architectures, and quickly launch services. Virtual banking, 
insurance cloudificaton, and blockchain-based credit investigation solutions 
show how HUAWEI CLOUD fulfills security, compliance, and trustworthiness 
requirements.

Fundamental Research: Demonstrates Huawei's R&D strength in the AI, chip, IoT, 
and 5G fields, and allows visitors to experience 5G applications. 

Adhering to the "Platform + AI + Ecosystem" strategy, Huawei Enterprise 
Business teams up with partners to provide ubiquitous connectivity and 
pervasive intelligence, and integrate new ICT through the digital platform to 
help government and enterprise customers achieve digital transformation. More 
than 700 cities around the world, and 211 of the Fortune Global 500 companies, 
including 48 of the top 100, have selected Huawei as their partner in digital 
transformation.

Huawei has continued to work with top financial institutions, research 
institutes, and independent software developers worldwide to accelerate the 
transformation of financial institutions. Huawei has served more than 1000 
financial institutions, including 20 of the world's top 50 banks.

Huawei Global FSI Summit 2019 is held in Shanghai from April 24 to 25. For more 
information, visit: https://e.huawei.com/topic/finance2019/en/index.html

SOURCE: Huawei

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   Link: https://iop.asianetnews.net/view-attachment?attach-id=334760

   Caption: Ma Yue, Vice President of Huawei Enterprise BG and President of EBG 
Global Sales