Huawei

Accelerate Financial Digitalization, Create New Value Together

SHANGHAI, June 3, 2021 /PRNewswire/ -- Today, was the first day of the Huawei Intelligent Finance Summit 2021 held at Shanghai, with the theme "Accelerate Financial Digitization, New Value Together." The two-day event attracted more than 3,000 global financial industry customers, partners, industry experts, and media. Huawei detailed how financial institutions can utilize technology to upgrade the industry and range of services on offer by constructing an ecosystem that is agile and intelligent, and ultimately transform themselves into digital-capable eco-enterprises. Huawei presented three strategic initiatives for their work in the financial sector: fully embracing cloud-native technology, diversifying and improving use cases within the industry and aggregating different SaaS products to help financial institutions become better digital enterprises.

The Financial Industry Needs to Adapt and Accelerate the Pace of Transformation

Peng Zhongyang, Member of the Board, President of the Enterprise Business Group, Huawei, in his opening speech made the point that as industries upgrade and converge, the financial services sector will transform to have their operations based on cloud through a more connected device ecosystem built for all scenarios. He added that Huawei is currently collaborating with its customers and partners to enable them to become more sustainable, resilient digital ecosystem-based enterprises, through the co-creation of technology, scenarios, and sustainability.

In the keynote speech on "Global Economic Recovery: Certainty and Uncertainty", Dr. Fan Gang, Professor of Economics, Peking University; Vice President, China Society of Economic Reform, said, "The global pandemic is far from over. As the new engine of economic recovery, the most important component of the digital economy is not the production of digital equipment and digital technology itself, but the application of new information technology to transform various industries. Digital finance is the driving force of the development of the digital economy. It is therefore necessary to accelerate financial technology innovation, as FinTech will play a leading role in upgrading the digital transformation of thousands of industries."