Observer Report
Islamabad
Huawei held its Global FSI Summit 2020 (online overseas part) with the theme of “Thrive Digitally in a Mobile Future.” Financial institutions and enterprises were invited to share their experience and insights in dealing with the “new normal” in the post-pandemic era, involving accelerated mobile first implementation and using FinTech to ensure business continuity and reshape financial services models. Huawei believes that mobile capabilities are key to future banks. Supporting this mobile-centric business will require new IT architectures and key capabilities of cloud, AI and 5G. As a leading tech player, Huawei provides its global financial customers with competitive financial ICT solutions, and works with various world-leading partners on joint innovation.
The summit attracted the world’s leading financial institutions including Shanghai Pudong Development (SPD) Bank, China Construction Bank, Singapore DBS Bank, Sberbank, BBVA,Isbank; the world’s leading financial solutions provider Temenos, and analyst institutions IDC and other global industry participants.
Peng Zhongyang, Director of the Board, President of the Enterprise Business Group, Huawei, stated: “Based on cloud computing, big data, artificial intelligence, 5G, and other ICT technologies, innovative FinTech will embrace new opportunities and lead the upgrade of financial services. We have combined our 30 years of technical experience, capabilities, and industry insights with customer needs, to provide competitive financial ICT products and solutions that span multiple domains, and collaborate with various partners for joint innovation. We believe that financial institutions that are ready to go digital will probably see greater success.”
Over the past 10 years, Huawei has accumulated extensive experience globally. Particularly in China market, Huawei has gained experience in leading banks’ transformation and thriving in the mobile App era. Notably, the banking sector has taken a series of measures to ensure business continuity in different stages of the pandemic. In the post-pandemic era, banks need to proactively reflect on their business model and prepare for any uncertainties in order to ensure an agile business moving forward.
