[Barcelona, Spain, February 27, 2023] A finance industry forum entitled “Accelerate Change, Shaping Smarter Greener Finance Together” is successfully held during Mobile World Congress 2023 (MWC 2023). Global financial clients and partners met to discuss accelerating technology adoption and innovative ways to increase productivity.
Jason Cao, CEO of Huawei Global Digital Finance
The world economy now faces a new norm. The financial sector is experiencing new changes. How do we accelerate the application of new technologies and innovatively improve productivity? As Jason Cao, CEO of Huawei Global Digital Finance said, “You will understand if you study the trend, be wise if you follow the trend, and be a winner if you adapt to the trend.” Huawei is striving , to accelerate technology application in six areas, including the transition from transactions to digital engagement, the development of cloud-native applications and data, the advancement of infrastructure to MEGA, the industrialization of data and AI applications, the improvement of real-time data analysis and the transition to a cutting process. Edge AI Brain. In doing so, we help financial clients accelerate change, innovate to improve productivity, make productivity visible, and accelerate evolution toward the future.
To optimize customer interaction and experience, Huawei works with partners to rapidly build super app platforms with public cloud SaaS and drive the development of more flexible and agile digital products. With new customer acquisition, service, and interaction modes, Huawei helps financial institutions significantly reduce customer acquisition costs and accelerate business transformation from transaction to digital engagement. The ubiquitous mobility and intelligence of financial services accelerates the modernization of core applications and data, bringing cloud-native development to reality. Huawei leverages highly reliable infrastructure, cloud, GaussDB, and data migration to help Postal Savings Bank of China (PSBC) reform its core systems and serve 650 million retail users in a cloud-native manner.
Data and AI are becoming more inclusive, encompassing all service scenarios and processes. Huawei is committed to building a leading data intelligence solution to help China Merchants Bank (CMB) develop the cloud-native data platform. This intelligent platform will improve CMB’s decision-making and business operations in three ways: a better platform, improved efficiency, and coverage of more scenarios. Accelerated, real-time analytics empowers everyone to consume data, unleashing the power of data and enabling faster business growth. Huawei continuously improves NLP (Natural Language Processing), CV (Computer Vision), Graph, and Knowledge Computing models that include hundreds of billions of parameters. With more computing power, a one-stop AI platform, and optimized big data models, Huawei is accelerating the construction of a powerful AI brain, integrating AI into user experience and products, and extending innovation from individual services to the entire business process and more. enable inclusive innovation.
These modernized cloud-native applications continually optimize user connections and touchpoints. Meanwhile, through the collaborative innovation of storage, computing, network, and cloud technologies, Huawei is accelerating the evolution of infrastructure to MEGA (Multi-Domain Collaboration, Experience, Green, and Autonomous). This helps financial institutions to develop digital infrastructure with high performance, availability, security, O&M efficiency and sustainability.
Digitization is the future. Huawei Digital Finance embraces change and continuous innovation while diving deep into the financial sector. It adapts to each scenario, collaborates with customers and partners, improves service capabilities and delivers ever more innovative solutions to accelerate the adoption of new technologies and innovate to improve productivity for green, digital and smart finance.
So far, Huawei has served over 2,500 financial customers in more than 60 countries and regions, including 50 of the world’s top 100 banks. For more information on Huawei digital finance solutions, visit: https://e.huawei.com/en/solutions/industries/smart-finance