The global financial services industry is facing a new round of technical revolution and industry reform. Innovative ICT technologies, such as big data, cloud computing, Artificial Intelligence (AI), blockchain, and the IoT, continue to impact the traditional business models of financial institutions. These technologies will help financial institutions make important breakthroughs in innovation and transformation. Multiple emerging domains will become the focus of such innovation, like service cloudification, mobile payments, precision marketing, microloans based on social networking, robo-advisors, smart branches, risk control management, smart payments, and supply chain finance.
In the financial business environment, the focus of the entire business chain is shifting from the supply side to the demand side. Customers in financial institutions are becoming more powerful and autonomous and prefer digital banking services. Financial institutions need to continuously improve their smart finance strategies, implement key digital initiatives, and achieve comprehensive digital transformation to provide the ultimate customer experiences.
By leveraging innovative financial ICT technologies, Huawei collaborates with industry partners to help financial institutions develop smart finance and accelerate comprehensive digital transformation.