Boost resilience, redesign smarter finances together
PR Newswire
SHENZHEN, China, June 8, 2024
SHENZHEN, China, June 8, 2024 /PRNewswire/ — Huawei HiFS Frontier Forum 2024 kicked off in Shenzhen. The forum, whose theme is boosting resilience and redesigning smarter finance together, brought together financial institutions and Huawei partners from around the world. They discussed how they can redesign resilience, agility and intelligence through continuous technological innovation and ecosystem cooperation in the face of future uncertainties and ultimately accelerate the digital and intelligent transformation of the financial industry.
1 Build intelligent infrastructure to accelerate financial intelligence
Leo Chen, senior vice president and president of enterprise sales at Huawei, delivered the opening remarks of the forum. In his opinion, “to carry out a strong digital and intelligent transformation of the financial industry, Huawei believes that three pillars are essential: building a strong and resilient IT infrastructure; build a hybrid multi-cloud infrastructure for greater system scalability and greater business agility; and develop a converged data platform, leveraging the cloud, streaming data and real-time analytics to maximize the value of data.
2 Boost resilience and redesign smarter finances together
Jason Cao, Vice President of Huawei and CEO of Huawei Digital Finance BU, delivered a keynote speech at the forum. He noted that in the smart world, technologies and industries are evolving rapidly, and financial institutions must reshape resilience, agility and intelligence to remain competitive in the digital economy. “Focusing on the goals of zero downtime, zero waiting, zero contact and zero trust, Huawei upgraded a series of infrastructure resilience solutions to help financial institutions reshape resilience; upgraded four key capabilities, including high-performance CCE and GaussDB distributed database, to help financial institutions accelerate application modernization and reshape agility based on a hybrid cloud architecture; updated data systems in terms of architecture, governance and business scenarios to improve system, user and business experiences, unlock more value from data and generative AI, and help customers move towards Banks of AI,” Cao mentioned.
Kunte Chen, chief digital transformation officer at Huawei Digital Finance BU, proposed suggestions for banks in the era of cloud and AI: “With the rapid advancements in cloud and AI technology, along with the emergence of new competitors Like digital banks and fintech companies, traditional banks must prioritize adapting to this new landscape. While ensuring the stability and reliability of your current operations, your main objective should be to invest in data infrastructure, followed by optimizing the efficiency of the investment. “The emphasis of applying data must shift toward driving business operations and creating value for customers.”
Joy Huang, Vice President of Huawei Cloud Computing and President of the Industry Strategy and Development Department of Huawei Cloud Computing, said: “HUAWEI CLOUD continuously innovates and uses 9 pioneering technologies to build a world-class financial cloud, providing financial customers with a resilient cloud that is as reliable as a server. Multi-cloud management and cloud-based backup and disaster recovery capabilities help government and enterprise customers build a group cloud. Leverage industry-leading products and technologies such as databases, big data, data warehouses and AI to implement the convergence of data and intelligence, supporting customers’ rapid and efficient decision-making. With professional migration service capabilities, Huawei helps financial users migrate and use the cloud, accelerating the modernization of financial applications.
3 Collaboration with global partners to create new value
In this forum, Huawei launched the FPGGP (Financial Partner Go Global Program) Acceleration Program. According to Jason Cao, Huawei is committed to building a global ecosystem for the digital finance industry. This involves leading global partners, those who are dedicated to the local industry and those who are innovators in segmented scenarios.
To date, Huawei has served more than 3,600 financial customers in more than 60 countries and regions, including 53 of the world’s top 100 banks.
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SOURCE HUAWEI
