Huawei Enables Smart Finance with "AI+DATA"

- Huawei Holds Global FSI Summit 2019 with Partners in Shanghai

SHANGHAI, April 24, 2019 /PRNewswire/ -- 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."

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.