Covering Disruptive Technology Powering Business in The Digital Age

Despite continuing digitalisation and the preponderance of digital tools, many continue to have little to no access to financial products and services. In other words, financial inclusion continues to be a privilege only for a few.

Huawei has been trying to change that, helping different countries around the world promote financial inclusion through innovation. And, just this May, Huawei Cloud partnered with the Indonesian Joint Funding Fintech Association, or Asosiasi Fintech Pendanaan Bersama Indonesia (AFPI), for the Huawei Cloud Indonesia FinTech Summit, whose main goal is to promote digital financial inclusion in the world’s largest archipelago.

Unlocking New Possibilities in FinTech

The summit, themed “Unlocking New Growth in FinTech with Huawei Cloud,” drew over 80 representatives from Indonesian FinTech companies, partners, regulators and banks. These representatives, along with Huawei executives, discussed in great detail different strategies to advance digital financial inclusion in Indonesia.

Additionally, Huawei Cloud, the Otoritas Jasa Keuangan (or OJK, Indonesia’s Financial Services Authority) and dozens of companies jointly announced the Indonesia Digital Finance Innovation Program, which aims to:

• Explore and incubate new digital finance solutions and services.
• Strengthen cooperation with FinTech companies.
• Support micro-, small- and medium-sized enterprises (MSMEs).
• Build a robust digital finance ecosystem in Indonesia.

“OJK aims to achieve a 90% financial inclusion index in Indonesia, and building a digital financial inclusion ecosystem is the most effective way to do that,” said Bambang W. Budiawan, Deputy Commissioner for Supervision of Financing Institutions and Other Financial Services Institutions. “We are pleased to see leading technology companies like Huawei participating in digital finance innovation in Indonesia.”

“A crucial element of a financial institution’s mitigation of risk from a cloud provider is a comprehensive risk management and oversight program. The robustness of the cloud provider’s risk management and oversight program includes due diligence and monitoring, evaluation of performance metrics, security, risk controls, and disaster recovery plans,” he added.

Satwika Daksawardhana, Vice President of BNC, Indonesia’s largest digital bank, added: “The strategy of BNC is to work with diverse partners to serve diverse customers. But this strategy might risk security, which in turn slows down iteration and leads to inflexible technology architecture. Fortunately, BNC has a reliable partner, Huawei Cloud, who makes sure that everything happens smoothly.”

Huawei: Delivering Modern Innovation in FinTech

James Huang, Sales Director at Huawei Cloud’s Global FinTech Solution, delivered a speech at the summit on Huawei’s behalf.

“Huawei Cloud has many years of experience serving customers from the financial sector all over the world,” Huang pointed out in his speech. “With data centres in most parts of the world, Huawei Cloud offers full-stack cloud services and high-quality cooperation platforms, making it an ideal choice for financial service providers looking for a cloud partner that they can trust.”

Insisting on driving digital growth with Everything-as-a-Service, Huawei Cloud offers FinTech companies computing, storage and network resources from one global network, plus more advanced services featuring big data-artificial intelligence (AI) convergence. On top of these, it also offers digital finance solutions in the following categories:

1. Agile innovation. Huawei Cloud’s cloud-native container technology helps FinTech companies confidently handle large volumes of transactions at high concurrency.
2. Smart risk control. The convergence of big data and AI technologies enables smarter risk control for small loans to reduce bad debts.
3. Intelligent operations. Huawei Cloud offers intelligent operations solutions, such as intelligent call centres, to help FinTech companies improve customer acquisition and retention.
4. Security and compliance. Huawei Cloud has over 100 certifications for security and compliance, which can help customers in FinTech meet compliance and regulatory requirements. Huawei Cloud’s geo-redundant disaster recovery/high availability solution offers a high level of security for customer data and high availability of business on the cloud.

Deriving Maximum Value with Huawei Cloud

With leading products and 24/7 support from professional service teams, Huawei Cloud offers FinTech companies a smooth and productive cloud journey. It is committed to providing a solid digital foundation for creating value for its customers, fostering a robust ecosystem with partners and speeding up digital transformation across industries—including the financial sector.

By offering a cutting-edge cloud foundation and a full range of digital finance solutions, Huawei Cloud is committed to working with Indonesia’s FinTech companies and regulatory bodies to advance digital financial inclusion in the country and inject new energy into its digital economy.

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