Huawei Intelligent Finance Summit 2022

METRORAKYAT.COM, SINGAPURA – Huawei Intelligent Finance Summit 2022 opened in Singapore. The Conference brought together experts and scholars from the IT and finance industries from more than 30 countries around the world. 588 customers and partners from the Asia-Pacific region attended the conference, covering 9 countries and regions. Customers are mainly from Singapore, Indonesia, and Thailand to discuss the trend of fintech driving digital transformation in finance industry.

During Day 2 of Huawei Intelligent Finance Summit 2022 in Singapore, on july 20,2022. Nicholas Ma, President of Huawei Asia Pacific Enterprise Business Group, delivered a speech featuring shaping a green digital intelligence Finance.

“Asia Pacific region is playing an active role in the digital transformation of the global financial industry. Nearly 90% of consumers in the Asia Pacific financial sector have now switched to digital services.” Nicholas observes.

IDC predicts that 44% of the top 250 banks in Asia Pacific will complete the “digital core” transformation by 2025. Asia Pacific is also the region with the largest amount of new digital banking licenses in the world.
He further adds: “Moving forward, business growth, operational resilience, digital innovation, and sustainability will be the focus of finance industry, which has also become the important engine of the global digital economy.”

In recent years, Huawei continues to invest in finance industry and enhance the ecosystem collaboration with global partners, which help to achieve significant growth in this vertical for past years. With the support of 150 global partners, Huawei is serving all major financial institutions in Asia Pacific, bringing in more than 30% year-on-year revenue increase in 2021.

“To build the green, digital and intelligent finance, we can move faster together only with healthy and sustainable ecosystem collaboration. We plan to enhance the ecosystem collaboration with global partners to match the digital demands from financial industry based on our fundamental research capability, innovative solutions, technology platform and Huawei Cloud.” Nicholas points out.

During his speech, Nicholas also highlights several best practices in the industry. “For example, Temenos and Sunline have extended good support for core banking, Netis has put lots of effort on AI Ops including Network Performance Management. Tongdun has contributed on intelligent risk management based on big data, there are a lot of other partners to work together to accelerate the digitalization of banking industry. Thank you all for the proactive support and the great effort. Of course, we are expecting more active cooperation with global and local partners in the areas of SaaS, security, and consulting services.”

Huawei Intelligent Finance Summit 2022 is 3-day event from July 20-July 22, held at Sands Expo and Convention Centre in Singapore. Under the theme of “Shaping Smarter, Greener Finance”, the summit is bringing together financial industry leading figures, KOLs, academic experts, and innovative practitioners from more than 30 countries around the world to discuss the future development of the financial industry, exploring how to build smarter and greener finance together. (MR/156).