Huawei: Accelerate Financial Digitalization, Create New Value Together

[Shanghai, China, June 3, 2021] Today, was the first day of the Huawei Intelligent Finance Summit 2021 held at Shangri-La Hotel Pudong, 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. During the event, 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 Reshape Adapt and Accelerate the Pace of Transformation

The digitalization of our world is key to post-pandemic global economic recovery. Financial institutions in different stages of digitalization are facing new service scenarios and exploring new business models, which present unknown challenges and endless opportunities. With the emergence of new business sectors through the digitalization of our economy, the financial industry will need to evolve its service capabilities and accelerate its transformation. To capitalize on this and adapt to new scenarios, it has become apparent that organizations need to be agile and develop market intelligence to create forward thinking strategies.

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.

Peng Zhongyang, Member of the Board, President of the Enterprise Business Group, Huawei

In the keynote speech on "Global Economic Recovery: Certainty and Uncertainty