Accelerate Change: Shaping Smarter Greener Finance Together

At MWC Barcelona 2023, Huawei’s CEO of Global Digital Finance Jason Cao presented how Huawei’s solutions are accelerating FSI transformation for global customers.

Huawei Global Digital Finance CEO Jason Cao at MWC Barcelona 2023

During MWC Barcelona 2023, Huawei hosted the financial industry forum “Accelerate Change, Shaping Smarter Greener Finance Together”. Global financial customers and partners gathered to discuss the acceleration of technology application and innovation-driven improvements in productivity in FSI.

Huawei strives to accelerate technology application in six fields:

• Shifting from transaction to digital engagement
• Developing cloud-native applications and data
• Evolving infrastructure to MEGA infrastructure
• Industrializing data and AI applications
• Enhancing real-time data analysis
• Moving towards a cutting-edge AI brain. In this way, we help financial customers accelerate changes, innovatively improve productivity, make productivity visible, and speed up evolution towards the future.

To optimize customer interaction and experience, Huawei works with partners to quickly build super app platforms with public cloud SaaS, driving the development of more flexible and agile digital products. With new customer acquisition, service, and interaction modes, Huawei helps financial institutions greatly reduce customer acquisition costs, accelerating business transformation from transaction to digital engagement. The mobility and intelligence of financial services work to accelerate the modernization of core applications and data, enabling cloud-native development.

For example, through highly reliable infrastructure, cloud, GaussDB, and data migration, we have enabled Postal Savings Bank of China (PSBC) to reform its core systems and serve 650 million retail users a cloud-native approach.

Data and AI

Data and AI are becoming increasingly inclusive, encompassing all service scenarios and processes. Huawei is building a leading data intelligence solution to help China Merchants Bank (CMB) develop a cloud-native data platform that will improve CMB’s decision-making and business operations in three ways: a better platform, improved efficiency, and more scenarios.

Accelerated real-time analytics supports data-driven insights, unleashes the power of data, and enables faster business growth. Huawei is continuously improving its Natural Language Processing, computer vision, graph, and knowledge computing models, which involves 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 that integrates AI into user experience and products and extends innovations from single services to the entire business process and more.

Cloud-native & MEGA

Modernized cloud-native applications continuously optimize user connections and touch points. Through the collaborative innovation of storage, computing, networks, and cloud technologies, Huawei is accelerating the evolution of infrastructure to MEGA (Multi-domain Collaboration, Experience, Green, and Autonomous). This helps financial institutions develop digital infrastructure with high performance, availability, security, O&M efficiency, and sustainability.

Huawei Digital Finance embraces change and continuous innovation as it dives deep into the finance sector. By adapting to different scenarios and working closely with customers and partners, we are well-positioned to upgrade service capabilities and deliver innovative solutions to improve productivity for green, digital, and intelligent finance.

To date, Huawei has served over 2,500 financial customers in more than 60 countries and regions, including 50 of the world’s top 100 banks.

Watch more of the Huawei finance sessions at MWC23 featuring industry leaders, partners, and experts, including:

• Jimmy NG, CIO, Head of Technology & Operations, DBS Bank
• John Berry, CEO and Secretary General, Qorus
• Eva Fernandez, Innovation Director, CAIXA
• Wizard He, Co-founder, Chief Product Officer, Netis Technologies
• Thilo Rockmann, CEO, LzLabs
• King Tsui, CTO, Global Digital Finance, Huawei

Learn more about Huawei’s digital finance solutions.

Disclaimer: Any views and/or opinions expressed in this post by individual authors or contributors are their personal views and/or opinions and do not necessarily reflect the views and/or opinions of Huawei Technologies.