Huawei Launches FPGGP Acceleration Program to Help Global Financial Industry Go Digital and Intelligent

[Shenzhen, China, June 5, 2024] Huawei announced the launch of the Financial Partner Go Global Program (FPGGP) Acceleration Program during the 2024 HiFS Frontier Forum. With the program, Huawei aims to work with more partners that have extensive industry-specific experience, focus on key scenarios within digital transformation in the global financial industry, and unite program participants and their capacity to innovate. In this way, Huawei and partners can support the transformation and upgrade of customers in the financial industry throughout the lifecycle from consultation, solutions, to services, achieving win-win cooperation for all involved.

Jason Cao, Vice President of Huawei and CEO of the Digital Finance BU

Jason Cao, Vice President of Huawei and CEO of Huawei Digital Finance BU, stated at the launch that Huawei is committed to building a global ecosystem for the digital finance industry. This involves global leading partners, those who are engaged in the local industry, and those who are innovators in segmented scenarios. "Huawei has worked with these partners to develop innovative scenario-based solutions in eight mainstream industry scenarios, from infrastructure O&M to application system platforms, from core business transactions to big data applications, and from banking to insurance and securities. Our industry ecosystem and solutions keep developing to meet customers' increasing digital transformation requirements," he said.

FPGGP made its debut in 2021. Over the past three years, FPGGP has achieved preliminary results. Huawei has worked with 11 partners to successfully deliver solutions and complete digital transformation for over 20 financial customers in 14 countries and regions worldwide, and bring China's excellent practices to the rest of the world. Examples are as follows:

Huawei and Sunline rolled out digital banking core services in the Philippines in only 35 days, making its financial services accessible to millions of local people. Ron Puno, CIO of UnionBank of the Philippines, once said, "We are confident about how Huawei can provide infrastructure for digital banking solutions."

In the intelligent O&M field, Huawei and Netis have provided a top bank customer with intelligent O&M tools in Singapore. The tools can detect service performance changes within 1 minute and automatically locate root causes of issues within 3 minutes, ensuring service continuity.

Huawei and Chinasoft International provided an enterprise-level big data platform to a top bank customer in Malaysia to make data usage more efficient and increase the number of bank users. The platform has also helped the customer reduce data warehouse costs, improve data processing stability, and reduce product license fees.

So far, it had 24 partners join in China, among which six became council members: Sunline, Tongdun Technology, Netis, Wallyt, Sinosoft, and Chinasoft International.

Roger Wang, Vice President of Huawei Digital Finance BU and President of Global Partnerships, said, "Huawei will stick to the "Partners + Huawei" strategy and keep cooperating with world-leading financial partners for shared success, and provide excellent solutions, innovation capabilities, and outstanding practices together with partners. The FPGGP Acceleration Program aims to accelerate the digital and intelligent transformation progress of the global financial industry from the following three aspects:

1. Encourage more global competency partners to join the FPGGP to provide comprehensive support to our customers throughout their entire business journey, from consulting and solutions to services and operations. Seven new members have already joined us at this forum, and we look forward to welcoming more in the future.

2. Incubate more scenario-based solutions for the financial industry based on customers' digital and intelligent transformation requirements, such as infrastructure resilience, digital transaction, data intelligence, intelligent risk control, intelligent marketing, intelligent operations, AI, and large models, to accelerate the design, development, go-to-market, and commercial use of joint solutions, providing customers with better choices.

3. Enhance the connection and cooperation between ecosystem partners: (1) Accelerate the local development of and connection with various solution partners in each region and provide services that are closer to customers. (2) Accelerate the collaboration with partners on products and solutions and provide more comprehensive solutions to meet customers' requirements more efficiently and create more value for them.

Huawei Launched the FPGGP Acceleration Program

The FPGGP Acceleration Program will facilitate collaboration across policies and regulations, application scenarios, technical architecture, operational support, and cooperation and promotion. Based on customers' transformation requirements, such as infrastructure resilience, digital transactions, and data intelligence, Huawei and partners will accelerate the incubation and commercial use of joint solutions that use Huawei's OpenLab resources in integration verification and joint innovation.

As of May 2024, Huawei has served over 3600 financial customers in more than 60 countries and regions, including 53 of the world's top 100 banks.

You can also click the link below to find out more details:https://e.huawei.com/cn/industries/finance