Huawei Financial Partner Go Global Program Empowers Asia Pacific’s Financial Landscape

Huawei Financial Partner Go Global Program Empowers Asia Pacific’s Financial Landscape

by May 30, 2023

In today’s rapidly evolving world, technological advancements not only create commercial value but also have the power to bring about significant positive changes in society. However, there are still 1.7 billion people worldwide who lack access to financial services.

Embracing the ethos of “Tech for All,” Huawei, an ICT technology company, has made great strides in promoting financial inclusion and digital transformation.

With its solutions, the company has already served 380 million people across more than 60 countries, empowering individuals with access to essential financial services.

Huawei’s Experience and Global Practices in the financial industry

Huawei has been actively involved in the financial industry, leveraging its expertise and technological advancements to support the digital transformation efforts of its customers.

As the financial services landscape undergoes significant changes, there is a noticeable shift toward intelligence and mobility. Traditional transactions are being replaced by digital engagement, ushering in a new era of convenience and accessibility.

Recognizing the importance of adapting to this evolving landscape, Huawei has taken proactive steps to support its customers in their digital transformation journey.

Through collaborative efforts with partners, Huawei has successfully harnessed the power of abundant ICT solutions. This includes leveraging cloud-based applications and infrastructure, as well as cloud infrastructure itself. This strategic approach has enabled customers to build simplified architecture, agile intelligence, ultimate experience, and business innovation.

Huawei Financial Partner Go Global Program

Danping Song, President of Global Ecosystem Cooperation, Digital Finance BU, Huawei

“These efforts have resulted in reduced user acquisition costs by 75 percent. Furthermore, Huawei has facilitated the modernization of core applications by leveraging reliable infrastructure, cloud solutions, GaussDB, and data migration techniques, ” said  Danping Song, President of Global Ecosystem Cooperation, Digital Finance BU, Huawei.

One example is its collaboration with the Postal Savings Bank of China, where Huawei played a pivotal role in building a cloud-native core system that now caters to the needs of over 650 million retail users.

The success of Huawei’s endeavors has also earned them recognition from their customers. DBS, Singapore’s largest bank, awarded Huawei the Most Valued Technology Partner of the Year 2020, a distinction received among 64 technology partners.

Huawei’s Core Capabilities and Values in the financial industry

With an investment of 140.9 billion yuan (S$26.72 billion) in research and development, Huawei has developed robust root technologies, core products, and digital solutions.

“This continuous innovation enables the company to support global financial customers in meeting their challenges and accelerating their transformation,” said  Danping Song.

Huawei has gained a deep understanding of the industry’s demands, serving over 2,500 financial customers worldwide, including 50 of the world’s top 100 banks.

Leveraging its technical advantages, Huawei provides targeted end-to-end solutions to meet the specific needs of financial customers. By focusing on root technologies and infrastructure products, Huawei collaborates with application partners to build comprehensive solutions for the financial industry.

Danping Song highlighted that the Financial Partner Go Global Program (FPGGP) further expands Huawei’s capabilities and values by fostering collaboration with partners to serve financial customers globally.

The Huawei Financial Partner Go Global Program

Huawei’s emphasis on ecosystem development and collaboration is demonstrated by the launch of the FFPGGP in June 3, 2021. This program serves as a unifying force, bringing together 25 partners in a collective effort to serve global financial customers in conjunction with Huawei.

FPGGP members collaborate in various aspects, including policies and regulations, application scenarios, technical architectures, operational support, and market promotion. This collaborative approach enables the creation and sharing of global opportunities, fostering innovation and growth within the financial industry.

Through the FPGGP, Huawei and its partners are at the forefront of creating cutting-edge solutions that address the evolving needs of the industry. Jointly developed solutions, such as Digital Core, Digital Loan, Mobile Payment, Intelligent Risk Management, Artificial Intelligence for IT Operations, and Intelligent Insurance, have been successfully implemented in over ten countries/regions.

The success of the FPGGP program highlights Huawei’s unwavering commitment to driving digital transformation in the financial industry. By harnessing the power of collaboration and innovation, Huawei and its partners aim to provide tailored solutions and services that facilitate the digitalization of the entire financial sector.

Together, Huawei and its FPGGP partners are paving the way for a digital future in finance, empowering financial institutions to embrace technological advancements and effectively navigate the evolving landscape of the digital age.

Overcoming challenges

Implementing the program has presented its own set of challenges. However, with Huawei’s advanced technology and the best practices of Financial Partner Go Global Program partners, cutting-edge solutions have been jointly developed and recognized by customers.

“The company recognizes the importance of understanding local markets and establishing trust with a broader customer base to serve even more customers,” said Danping Song.

Huawei Financial Partner Go Global Program

To overcome these challenges, Huawei launched FPGGP2.0 at the Huawei Intelligent Finance Summit 2022 in Singapore.

“The program aims to connect better solutions developed by FPGGP partners with local sales and service partners, enabling broader customer outreach and service delivery through effective cooperation,” added Danping Song.

In addition to Huawei’s ongoing commitment to driving digital transformation, the highly anticipated Huawei Intelligent Finance Summit (HIFS) 2023 will be held in Shanghai from June 7 to 8. This exclusive event is set to gather industry heads, leaders, experts, scholars, and practitioners from the global financial industry under one roof.

Plans and growing with local partners in the Asia Pacific

As Huawei looks ahead to the future, one of its primary goals is to expand the reach of its Financial Partner Go Global Program by forming strategic partnerships with local entities in the Asia Pacific region.

These partnerships include business consulting, technical consulting, sales, integration implementation, and management service providers.

The inclusion of local partners is crucial as they possess extensive knowledge of their respective markets and have established strong trust and cooperation mechanisms with customers.

Huawei’s commitment to collaboration and mutual success is reflected in its efforts to deliver tailored solutions and services that facilitate the digital transformation journeys of financial institutions. This collaborative approach aims to drive the overall digitalization of the Asian-Pacific region’s financial industry.

As a demonstration of Huawei’s commitment to collaboration, establishing the Asia-Pacific Digital Finance Partner Alliance stands as a testament to its philosophy of openness, sharing, cooperation, and win-win scenarios. This alliance fosters collaboration and innovation among financial industry stakeholders, aiming to create a thriving ecosystem that propels digital transformation.


APAC Digital Finance Alliance Ceremony in Huawei APAC Partners Conference 2023

In a significant move on May 17, 2023, Huawei joined forces with 13 outstanding partners from China and the Asia-Pacific region to establish the APAC Digital Finance Alliance. This alliance aims to realize the region’s shared vision and common goals.

By leveraging all participating parties’ collective strengths and resources, the alliance will foster collaboration, integrating their advantages to create a diverse financial industry technology alliance dedicated to serving the Asia-Pacific region.

Through strategic partnerships with top-notch financial technology partners in China and local collaborators, Huawei will harness the power of complementary strengths and resource sharing. The objective is to provide innovative, convenient, and efficient financial solutions and technology services to customers in the Asia-Pacific region, promoting inclusivity and convenience in financial services.

“Huawei welcomes fintech enterprises and various partners to join the alliance and collaboratively create an open, inclusive, and developing financial ecosystem.,” said Danping Song.

By leveraging the expertise and resources of its partners, Huawei aims to provide enhanced services to financial customers throughout the Asia Pacific region.

Through collaborative efforts and a shared commitment to innovation, Huawei and its partners will work together to shape the future of financial services, driving growth and delivering greater value to customers in the ever-evolving digital landscape.

Transforming Finance through collaboration in Asia Pacific

Huawei’s commitment to driving digital transformation in the financial industry is evident through its experience, core capabilities, and the Financial Partner Go Global Program (FPGGP).

With a focus on collaboration and ecosystem development, Huawei and its partners are creating new and exciting solutions, expanding into global markets, and building a fintech ecosystem.

By fostering partnerships with local partners and investing in workforce training, Huawei aims to serve customers better, promote digital transformation, and contribute to developing an inclusive and collaborative financial ecosystem.

Click here to learn more about Huawei’s Financial Partner Go Global Program today and embark on a transformative journey in the financial industry!