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: https://iop.asianetnews.net/view-attachment?attach-id=425925

   Caption: Jason Cao, CEO of Huawei Global Digital Finance