Huawei Blogs

Finance has been one of the first industries to truly embrace digitalization, driven by customer demand for more convenience. According to IDC's and Huawei's Global Intelligent Banking Evaluation Model, which enables you to evaluate the digital maturity of intelligent banking.

Gone are the days when brick-and-mortar banks were enough. Instead, digital financial services are taking over, going as far as the creation of digital currencies and assets. To stay competitive, traditional financial institutions must adapt and transform. After all, users already expect a more convenient and personalized experience that is entirely secure and reliable.

In the world of business, it was only when the CEO of Microsoft, Satya Nadella, made the decision to buy Activision — the company that made Call of Duty — for US$75 billion that a lot of business people sat up and realized that the metaverse is not just about games. When someone like Nadella is willing to pay that much money for a metaverse-related business, it became clear that this is not just a hype. This is real business.

The rapid digitalization of financial services has prompted many banks, insurers, and securities to quickly adopt the cloud. But financial cloud migration is not so simple. Companies must assure regulatory compliance while also maintaining enough elasticity to support future financial services. How can we, as a technology company, help the finance sector go digital with cloud?

Users expect more, faster, and better banking services. This goes for everything and credit card services are no exception. Banks that design the best apps for their credit card users and create the optimal user journeys will win against their competition. For this, they'll need technology.

With Financial Technology (FinTech) growing rapidly as a sector, digital banking — any banking services delivered through digital channels, whether provided by traditional banks or independent virtual banks — is on the rise.

With Financial Technology (FinTech) growing rapidly as a sector, digital banking — any banking services delivered through digital channels, whether provided by traditional banks or independent virtual banks — is on the rise.