Huawei hosts 5th Global Financial Summit in Beijing

News Hour:

In an attempt to explore the latest ICT innovations and global best practices to accelerate digital transformation of the financial institution, technology giant Huawei recently hosted it’s fifth Global Financial Summit in Beijing, China.

Themed on ‘Leading New ICT, Fueling Digital Finance Transformation’, the summit brought together over 800 finance customers and industry experts from around the world including Asian Banker, Barclays, Intel, and Infosys. At the summit, Huawei also announced its new strategic partnership with ABC and a joint mobile banking solution with Pactera.

In addition, Pactera and Huawei jointly released a distributed digital banking core solution targeting mobile finance, which will meet the diverse customer requirements for mobile banking and internet financial services. Along with its partners, Huawei held interactive demonstrations of 12 major solutions for the financial industry: “Cloud Finance”, “Big Data Finance”, and “Omni-channel Finance”.

Liu Limin, President of Financial Services Sector, Huawei Enterprise Business Group, said: “In the future, banks will transform into technology companies with banking licenses. With financial institutions as platforms, assets, personnel, and the supply chain will be connected more effectively. In line with Huawei’s ‘platform + ecosystem’ strategy, we are committed to helping financial service providers build ICT infrastructure and platforms featuring flexible architecture, precise analysis, efficient collaboration, channel innovation, and secure management.”

Huawei’s solutions for the financial industry have been deployed by more than 300 financial institutions globally, including six of the top ten banks in the world. The company has formed partnerships with more than a dozen top global financial institutions and independent software developers to carry out collaborative innovations on cloud computing and big data based next-generation IT infrastructure, with the goal to help financial institutions accelerate digital transformation across platform transformation, product innovation, and channel service.

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