SINGAPORE, July 21 (Xinhua) -- China's high-tech giant Huawei announced three strategic initiatives for the financial industry to go smarter and greener in the era of digitalization at the Huawei Intelligent Finance Summit 2022 started here on July 20.
The three initiatives, unveiled by Jason Cao, CEO of Huawei Global Digital Finance in his speech delivered on July 20, include providing smarter customer engagement solutions and building data and intelligent converged platform and hybrid multi-cloud architecture, setting up autonomous digital infrastructure to help financial institutions achieve high efficiency, availability, and performance and facilitate collaboration of multi-technology, heterogeneous technology, and hybrid multi-cloud, and finally, building a global ecosystem cooperation platform.
Photo provided to Xinhua is Jason Cao, CEO of Huawei Global Digital Finance.
Cao said that technology, especially the connection and intelligence, continues to drive the development of the financial industry.
"By 2025, more than 100 billion physical connections will lead to financial services for 'things'. In the future, smart contract will enable intelligent decision-making possible everywhere. New service and product models will emerge one after another. However, end-to-end user experience, real-time processing of massive data, and O&M and management of more complex networks and multi clouds will all become challenges for the financial industry. We are facing opportunities as well as challenges."
During the summit, Huawei and DBS announced the establishment of the Innovation Showcase at DBS Newton Green in Singapore.
Huawei also signed a Memorandum of Understanding (MOU) with OCBC Bank to bolster the bank’s digital transformation in Southeast Asia and China's Guangdong-Hong Kong-Macao Greater Bay Area in three key initiatives, including Green Branch and Buildings with Smart IoT, Data Science and Artificial Intelligence (AI) Innovation and Cloud Adoption Acceleration.
The three-day Huawei Intelligent Finance Summit 2022 officially brought 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. (Contributed by Li Xiaoyu)
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