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Build resilience by reshaping smarter finance together
Shenzen, China (ANTARA/PRNewswire) – The Huawei HiFS Frontier Forum 2024 has kicked off in Shenzhen. The forum, themed Boost Resilience, Reshaping Smarter Finance Together, brought together financial institutions and Huawei partners from around the world. They discussed how they can reshape 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 Building smart infrastructure to accelerate financial intelligence
Leo Chen, Senior Vice President and President of Enterprise Sales at Huawei, delivered the forum’s opening remarks. He said: “To realize a solid digital and intelligent transformation of the financial sector, Huawei believes that three pillars are essential: building a robust and resilient IT infrastructure; building 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 Build resilience by reshaping smarter finances together
Jason Cao, Vice President of Huawei and CEO of Huawei Digital Finance BU, delivered a keynote address at the forum. He highlighted 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 Wait, Zero Touch 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 distributed database GaussDB, to help financial institutions accelerate application modernization and reshape agility based on an updated hybrid data architecture across architecture, governance, and business scenarios to improve systems, user, and businesses, unlock more value from data and generative AI, and help customers migrate to AI banking,” said Cao.
Kunte Chen, Director of Digital Transformation at Huawei’s Digital Finance BU, proposed suggestions for banks in the era of cloud and AI: “With the rapid advancements in cloud technology and AI, coupled with the emergence of new competitors such as banks digital and fintech companies, traditional banks must prioritize adapting to this new scenario. While ensuring the stability and reliability of their existing operations, their main focus must be investment in data infrastructures, followed by optimization of data infrastructure. investment efficiency. value for customers.”
Joy Huang, vice president of cloud computing at Huawei and president of Huawei’s cloud computing industry strategy and development department, said: “HUAWEI CLOUD continuously innovates and uses nine innovative technologies to build a world-class financial cloud , providing financial customers with a resilient cloud infrastructure that is as reliable as the mainframe. Multi-cloud management and cloud-based backup and disaster recovery capabilities help government and enterprise customers create a group cloud to deploy. convergence of data and intelligence, supporting customers’ fast 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 Collaborating with Global Partners to Create New Value
At 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 financial industry. This involves leading global partners, those who are involved in local industry and those who are innovators in segmented settings.
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.
Source: HUAWEI