The idea of digital banking is to revive the banking sector globally. Huawei, the world's leading technology provider, is planning to create a dedicated digital bank to build a digital bank.
The company, in part, recently participated in the Global Financial Services Industry (FSI) Summit held in Shangri-La-Hotel, Beijing.
At the Summit, 800 Financial Customers and Experts from different countries of the world took part.
Financial Institutions worldwide will be a platform that will connect everything and manage financial innovation. Global Data Adviser International Data Corporation (IDC) recently released a white paper entitled "The Leading With Digital in Banking".
It has been mentioned in the White Paper that banks are offering various digital services to the customers through digital transformation worldwide. In future, these digital banks will be fully connected to new open technologies and business models or services. As a result, the existing banks and Finak companies will create a strong ecosystem in the future.
Vice President of Huawei Enterprises Business Group and President of EBG Global Sales, Ma Yu said, "Global financial services companies need to further strengthen their digital strategies and transformational initiatives to achieve platform-based strategic transformational goals. Banks can be such a platform that will connect everything and fully provide digital financial services to the connected era. Huawei is now following the strategy of platform plus ecosystem, which will help in the development of location-based products and services worldwide and help in the implementation of intellectual customer management.
Along with the development of technology, Cloud Computing, Five G, Big Data, Artificial Intelligence (AI), Blockchain, Identity Process, Automated Banking Section, Cross Border Settlement and Digital Banking System are now making a realization for the accuracy of transactions. It is expected that by the year 2025 most of the world will use their computer, smartphone or voice to complete their transactions every day.
The Global Financial Services Industry (FSI) Summit shows Huawei's Gidital Bank 16 major financial services solutions in the sector. Among them, Finance Clout, Financial Big Data, High Performance Open Platform and Smart Branch Services were one of the few.