Huawei: Shaping Smarter, Greener Finance Together

[Singapore, July 20, 2022] Today, the three-day Huawei Intelligent Finance Summit 2022 officially begins at Sands Expo and Convention Centre. 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.

Huawei proposed three core elements for gaining competitiveness in the financial industry, upon the arrival of the super digitalization era

With the fully connected intelligent world on its way, both the economy and society are transforming towards two major trends of digitalization and sustainable development. In face of changing financial service scenarios and business models in the digital era, the financial industry is met with a growing demand for rapid business innovation and ultimate customer experience, which further speeds up its pace of transformation. To cope with the complex and dynamic nature of digital transformation, it is necessary for the financial industry to rebuild its core competitiveness amidst the digital era in order to realize the vision of intelligent finance.

"Better connections, stronger intelligence, and more scenarios are the key to building competitiveness of digital finance," Ryan Ding, President of the Huawei Enterprise BG, pointed out, "Following the concept of co-creation, sharing, and win-win, we are working with our customers and partners in finding a way towards Shaping Smarter, Greener Finance, Creating New Value Together."

Huawei announced three strategic initiatives, advancing the digitalization of the financial industry in the new era.

Jason Cao, CEO of Huawei Global Digital Finance said in his speech, "Technology, especially the connection and intelligence, continues to drive the development of the financial industry. In 2022, we have officially entered into the ZFLOPS era for AI computing power. With the development of AI, we will embrace super-personalization. By 2025, more than 100 billion physical connections will lead to financial services for