--- title: "\"Boosting Resilience and Smarter Finance Together\" - Powered by Huawei" description: Join Huawei's session on digital innovation in finance, exploring AI's impact on core transactions and digital currency. Discover strategies to enhance customer engagement. image: https://39936595.hs-sites.com/hubfs/Imported_Blog_Media/tech%20d2__Boosting%20resilience%20and%20smarter%20finance%20together_%20-%20Powered%20by%20Huawei.png --- ![](https://39936595.hs-sites.com/hubfs/Imported_Blog_Media/tech%20d2__Boosting%20resilience%20and%20smarter%20finance%20together_%20-%20Powered%20by%20Huawei.png) # "Boosting Resilience and Smarter Finance Together" - Powered by Huawei [ Singapore FinTech Festival ](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/author/singapore-fintech-festival) Nov 15, 2024 12:00:00 AM   Jason Cao, CEO of Huawei Digital Finance, discusses Huawei’s role and innovations in the finance sector.   Key highlights   **Observations and Challenges:** - Jason discusses the current landscape, highlighting innovation and legacy system challenges faced by bankers. - He emphasises the impact of legacy systems on innovation and customer experience. **Payment Evolution:** - The discussion covers the shift from card payments to mobile and next-generation payment methods. - Jason uses China as a case study, illustrating the country’s transition to a cashless society with more than 86% mobile payment penetration. **Digital Transformation:** - He shares examples from China, where digital engagement and AI integration have significantly transformed banking services. - Case studies include ICBC’s cloud transformation and China Merchants Bank’s move from a legacy system to becoming a "software-defined" bank. **Future Trends:** - AI is identified as the key driver for the next decade in banking. - Jason mentions that moving from digital to AI is the trend among banks, improving efficiency and providing value-added services. **Huawei’s Role and Solutions:** - Huawei proposes a four-layer architecture framework for financial resilience, focusing on ubiquitous financial services, digital engagement, intelligent business engines, and resilient infrastructure. **Practical Applications:** - Real-world examples of Huawei’s work with banks, including Postal Savings Bank of China’s shift to cloud-native architecture and Union Bank of the Philippines' fast-track digital core banking implementation. - Highlighting the benefits of these transitions in terms of scalability, efficiency, and customer experience.   Conclusion: Jason concludes by reiterating Huawei’s commitment to the finance industry and their focus on technology and customer-centric solutions. He welcomes collaboration with the finance sector to rebuild resilience and promote smarter finance.   Watch Full Session   Speaker: - Jason Cao, Chief Executive Officer, Digital Finance BU, Huawei [Payments](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/tag/payments), [Singapore FinTech Festival](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/tag/singapore-fintech-festival), [Video](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/tag/video) ## Read On [![](https://39936595.hs-sites.com/hs-fs/hubfs/Imported_Blog_Media/Stablecoin%202_0_%20The%20blueprint%20for%20global%20digital%20economy_%20-%20Powered%20by%20WSPN.png?width=352&name=Stablecoin%202_0_%20The%20blueprint%20for%20global%20digital%20economy_%20-%20Powered%20by%20WSPN.png) ](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/sff-2024-videos-payments/stablecoin-20-the-blueprint-for-global-digital-economy-powered-by-wspn) ### ["Stablecoin 2.0: The Blueprint for Global Digital Economy" - Powered by WSPN](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/sff-2024-videos-payments/stablecoin-20-the-blueprint-for-global-digital-economy-powered-by-wspn) {% video_player "embed_player" overrideable=False, type='hsvideo2', hide_playlist=True,... 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