CIO (from IDG) and Huawei co-Host Intelligent Finance Summit to Empower Financial Industry Customers

On the October 14, 2021, CIO (from IDG) and Huawei held HIFS (Huawei Intelligent Finance Summit) with the theme "Empowering FinTech with Cloud Transformation" at SO/ Vienna Hotel. The summit brought together more than 150 onsite participants and around 250 online attendees from leading financial institutions and enterprises in CEE and Nordic Region, including Raiffeisen Bank International AG, Erste Group AG, OTP Bank, Orange Business, T-Systems, Atos, and analyst institutions IDC, etc. The industry insiders discussed the post-pandemic trends, developments, and challenges in Financial Technology (FinTech) and Information and Communications Technology (ICT) Innovation. The speakers also offered fresh insights into how FinTech best supports the financial business through cloud transformation.

Overcome Difficulties during Pandemic with Diversified Financial Solutions
The global outbreak of COVID-19 has dramatically changed the global economy and posed huge challenges to the financial industry. Monetary and fiscal policies continuously intensified the volatility in financial markets. Facing these opportunities and challenges, the financial industry needs to reinvent itself and accelerate its upgrade to cope with and adapt to new scenarios and business forms. Huawei works closely with customers and partners to help overcome business challenges in the long run and effectively limit the negative impacts. They received diversified purchases solutions, financing solutions, foreign exchange solutions, and other financial solutions. Integration of technologies such as 5G, Artificial Intelligence (AI), and the Internet of Things (IoT) with financial services will further stimulate new business scenarios and drive the rapid development of the finance industry.

New Service Scenarios and Business Models in a Digital World with Everything Intelligently Connected
Looking to the future of the banking industry, Dr. Barbara Kolm, Director of the Austrian Economics Center and Vice President of the General Council of the Oesterreichische Nationalbank, pointed out that "Consumers' expectations are high, and there is a demand for quick and more personalized financial services. As the Internet of Things (IoT) and the trend towards real-time electronic transactions are progressing into the banking sector, safe technologies such as reliable identity systems will be crucial. While cash might not fall out of use anytime, central bank digital currencies could be introduced as a convenient parallel alternative."

As the consumers move online, banks will have to follow. Łukasz Januszewski, Board Member Markets/IB, Raiffeisen Bank International AG, acknowledges that the digital transformation is inevitable and necessary: "The world is definitely going digital, and it is important to stay resilient, have technology and partners who can support you in that time. On the other hand, we need to have this adaptiveness and remember that whatever is in data, people are running the business, and we should consider their needs. And last but not least, there are always business opportunities to make even in such a challenging situation."

 

Łukasz Januszewski, Board Member Markets/IB, Raiffeisen Bank International AG speaking at HIFS 2021

 

By 2025, Huawei predicts that more than 100 billion devices will be connected. Besides, technology development will also have a huge impact on financial services and will incubate new service scenarios and business models. During an opening speech at the forum, Aykan Zhanglei, Huawei Chief Financial Officer in CEE&Nordic Region, stated: "Mobile devices become the best platform for customer innovation and internal collaboration, new service models will emerge. Research shows that global un-touch payment has increased by over 40% in the past year and a half, which includes online consumption and mobile money transfer."

 

Aykan Zhanglei, Huawei Chief Financial Officer in CEE&Nordic Region, delivering the speech

 

Huawei's Vision and Solution for the Financial Enterprises
Ronald Wright Raffensperger, Chief Digital Transformation Officer of FSI Huawei, thinks that financial institutions can now achieve robust growth because of digital technologies. "The best way forward for financial institutions is to fully embrace cloud-native, build optimal infrastructure through technological innovation, accelerate digital and intelligent convergence, and build an agile digital platform. Second, deepen industry scenarios, accelerate trusted data transfer through technology enablement scenarios, unlock data value, and facilitate industry and inclusive finance. Third, aggregate software as a service (SaaS), build an open ecosystem for all scenarios, and enable scenario-based financial services," he explained.

Ten years ago, Huawei officially launched its business in the Fintech industry. Till today, Huawei has served more than 2,000 financial customers in more than 60 countries and regions, including 47 of the world's top 100 banks. Huawei and its partners continuously provide its financial customers with competitive financial ICT solutions and help financial institutions address countless challenges across all stages of digital transformation.

HIFS (Huawei Intelligent Finance Summit) – an event first held in 2013 and now as Huawei's flagship Financial Technology (FinTech) Information and Communications Technology (ICT) summit.

Agenda

Topic

The Invited Speaker

9:30 - 9:35

Event Opening and Warm-up Talk on the Future Of Intelligent Banking

Horst Ellermann,
Publisher of CIO magazine

9:35 - 9:45

Opening Speech
Financial Digitalization in Austria

Dr. Barbara Kolm
Director of the Austrian Economics Center, Vice President of the Austrian Central Bank

9:45 - 9:55

Welcome Speech

Aykan Zhanglei
CFO, Huawei CEE&Nordic Region

9:55 - 10:15

Challenges to Business Development in Post-Pandemic Era

Łukasz Januszewski
Board Member Markets/IB, Raiffeisen Bank International AG

10:15 - 10:35

Business Strategy Sharing of Erste Group Bank

Maurizio Poletto
Chief Platform Officer, Erste Group Bank AG

10:35 - 10:55

What is Driving Disruption and Transformation in the Banking Industry

Michael Philpotts
Payments & Fintech Director, Huawei Treasury

10:55 - 11:10

Coffee Break

11:10 - 11:30

Trend of Cloud Transformation In Banking Industry

Thomas Zink
Research Director, IDC

11:30 - 11:50

Aiming to be TOP in IT and Cloud as Enabler

Werner Georg Mayer
Head of Group Core IT, Raiffeisen Bank International AG

11:50 - 12:10

Empowering Fintech With Cloud, New Value Together

Ronald W. Raffensperger
Chief Digital Transformation Officer of FSI, Huawei

12:10-12:30

Innovative Practice On Banking Cloud Transformation

Peter Garlock
Head of Financial Services & Insurance, Austria & CEE, ATOS

12:30-14:00

Lunch Break

Panel Discussion

14:00 - 14:45

Deep-dive In Fintech Innovation And Agile Cloudlization

  • What is the value of cloud migration for financial enterprises?
  • What Are the Choices and Considerations for Financial Enterprises to Migrate to the Cloud?
  • What are the phases and paths of cloud migration of financial applications?

Moderator: Horst Ellermann

Panelists:

  • Vladimir Simunovic, Head of IT/CIO, RBI Regional Card Processing Center
  • Gero Beyerle, Head of Platform and Automation Service, Erste Digital GmbH
  • Ronald Raffensperger, Chief Digital Transformation Officer of FSI, Huawei
  • Eduard Kowarsch, Account CTO, T-Systems

14:45 - 15:00

Coffee Break

Round table

15:00 - 16:00

Roundtable 1 - Cloud Transformation

Roundtable 2 - Financial Robotic Intelligent Infrastructure Upgrade

 

*The agenda is subject to change

Speakers

Horst Ellermann

Publisher of CIO magazine

Dr. Barbara Kolm

Director of the Austrian Economics Center, Vice President, Austrian Central Bank

Łukasz Januszewski

Board Member Markets/IB, Raiffeisen Bank International AG

Maurizio Poletto

Chief Platform Officer, Erste Bank

Werner Georg Mayer

Head of Group Core IT, Raiffeisen Bank International AG

Peter Garlock

Head of Financial Services & Insurance, Austria & CEE, ATOS

Thomas Zink

Research Director, IDC

Aykan Zhanglei

CFO, Huawei CEE&Nordic Region

Michael Philpotts

Payments & Fintech Director, Huawei Treasury

Ronald W. Raffensperger

Chief Digital Transformation Officer of FSI, Huawei

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Network Innovation of the World’s Oldest Bank

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Location

Hotel SO/ Vienna

Praterstrasse 1 / 1020 Vienna / Austria

HiFS

CIO-Huawei Intelligent Finance Summit 2021

Empowering FinTech with Cloud Transformation

Register