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Huawei is Building a Better Connected Platform for Digital Banks

 

The concept of digital banking is being implemented globally. Leaders of the global banking industry are thinking about how to implement digital transformation in essence. Today, Huawei held the Global Financial Services Industry (FSI) Summit, with the theme “Leading New ICT, Accelerating New Digital Finance Transformation” at the Shangri-La Hotel in Beijing.

This summit attracted more than 800 financial customers and industry experts from financial institutions and consultancies worldwide. These included Industrial and Commercial Bank of China (ICBC), DBS Bank of Singapore, China Life Insurance Group, China Minsheng Bank (CMBC), the Agricultural Bank of China (ABC), China Merchants Bank (CMB), and China Pacific Insurance Group (CPIC).

TheLeading with Digital in Bankingwhite paper recently released by the International Data Corporation (IDC), a global consulting firm, identified that digital banks around the world are shifting from digital services to digital transformation. The next wave of banking transformation will start with fully-connected banks. Banks are becoming more open regarding technologies and business models. The bilateral relationship between traditional banks and FinTech companies will evolve into an organic ecosystem. Transformed and strengthened core systems will lay the foundation for new growth in the banking industry.

Kong-Bing, Deputy General Manager, HQ,Information Technology Department

Ma Yue, Vice President of Huawei Enterprise BG,President of EBG Global Sales said that: “With the digital transformation trend in the financial industry, financial institutions across the globe need to continuously deepen their digital strategies and transformation initiatives to achieve platform-based strategic transformation. Banks are the platform that connects everything and provides digital financial services in a fully-connected era. Huawei follows the “platform + ecosystem” strategy, helps global financial customers develop scenario-based products and services and implement intelligent customer management.”