Huawei has partnered with Chinasoft International (CSI) to release an Intelligent Financial Data Solution based on a converged data lake at HUAWEI CONNECT 2019. The solution is designed to help financial institutions in Southeast Asia and other markets make boundless intelligent financial services accessible to the general public, while improving business efficiency and driving innovation.
In the future, boundless financial services will move beyond the physical boundaries of banks and reach people everywhere. For example, mobile payments in China have multiplied 36 times from 1.674 billion in 2013 to 60.531 billion in 2018, with convenient financial services now becoming mainstream. Intelligent services will replace experience-driven finance to become data-driven intelligent finance, providing customer-friendly services while also helping banks with operational efficiency, risk control, and decision-making. China’s banking industry has achieved 1-minute loan approvals by integrating Big Data analysis with traditional credit investigation.