Singapore, Gizmologi – 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.
These data make Huawei more optimistic about targeting financial markets in the Asia Pacific. On July 20, 2022, 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. 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.
He further adds, “Moving forward, business growth, operational resilience, digital innovation, and sustainability will be the focus of the finance industry, which has also become the important engine of the global digital economy.”
In recent years, Huawei continues to invest in the 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.
He 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.