Huawei: Shaping Smarter, Greener Finance Together

SINGAPORE, July 21, 2022 /PRNewswire/ — July 20, the three-day Huawei Intelligent Finance Summit 2022 officially begins at Sands Expo and Convention Centre. Under the theme of “Shaping Smarter, Greener Finance”, the summit is bringing together financial industry leading figures, KOLs, academic experts, and innovative practitioners from more than 30 countries around the world to discuss the future development of the financial industry, exploring how to build smarter and greener finance together.

Huawei proposed three core elements for gaining competitiveness in the financial industry, upon the arrival of the super digitalization era

With the fully connected intelligent world on its way, both the economy and society are transforming towards two major trends of digitalization and sustainable development. In face of changing financial service scenarios and business models in the digital era, the financial industry is met with a growing demand for rapid business innovation and ultimate customer experience, which further speeds up its pace of transformation. To cope with the complex and dynamic nature of digital transformation, it is necessary for the financial industry to rebuild its core competitiveness amidst the digital era in order to realize the vision of intelligent finance.

“Better connections, stronger intelligence, and more scenarios are the key to building competitiveness of digital finance,” Ryan Ding, President of the Huawei Enterprise BG, pointed out, “Following the concept of co-creation, sharing, and win-win, we are working with our customers and partners in finding a way towards Shaping Smarter, Greener Finance, Creating New Value Together.”

Huawei announced three strategic initiatives, advancing the digitalization of the financial industry in the new era.

Jason Cao, CEO of Huawei Global Digital Finance said in his speech, “Technology, especially the connection and intelligence, continues to drive the development of the financial industry. In 2022, we have officially entered into the ZFLOPS era for AI computing power. With the development of AI, we will embrace super-personalization. By 2025, more than 100 billion physical connections will lead to financial services for ‘things’. In the future, smart contract will enable intelligent decision-making possible everywhere. New service and product models will emerge one after another. However, end-to-end user experience, real-time processing of massive data, and O&M and management of more complex networks and multi clouds will all become challenges for the financial industry. We are facing opportunities as well as challenges. ”

Jason Cao, CEO of Huawei Global Digital Finance

To build smarter and greener finance based on better connections, stronger intelligence, and more scenarios, Huawei announced three strategic initiatives for the financial sector during the summit.

  1. Smarter: smarter customer engagement solutions to improve digital experience; data and intelligent converged platform to build real-time data capabilities; hybrid multi-cloud architecture to make cross-cloud management easier and services more agile.
  2. Greener: autonomous digital infrastructure to help financial institutions achieve high efficiency, availability, and performance and facilitate collaboration of multi-technology, heterogeneous technology, and hybrid multi-cloud.
  3. Together: Build a global ecosystem cooperation platform and put forward three upgraded initiatives for the Financial Partner Go Global Program 2.0 (FPGGP): develop more solution partners; expand FPGGP to global consulting and service partners; develop local sales and service partners for providing FPGGP solutions locally.

Working with global clients and partners, shaping smarter and greener finance

During the summit, Huawei and DBS announced the establishment of the Innovation Showcase at DBS Newton Green.

Huawei also signed a Memorandum of Understanding (MOU) with OCBC Bank to bolster the bank’s digital transformation in Southeast Asia and the Greater Bay Area in three key initiatives: Green Branch and Buildings with Smart IoT; Data Science and Artificial Intelligence (AI) Innovation and Cloud Adoption Acceleration.

Meanwhile, Huawei released the Digital Banking 2.0 Solution leveraging Temenos open platform. The solution supports the quick launch of digital banks and helps larger banks accelerate their modernization in the cloud. This greatly improves the rollout efficiency and customer satisfaction.

In the coming days, Huawei will sign a number of cooperation agreements with several financial institutions, and unveil a wide variety of products and solutions jointly created with partners, covering various business scenarios.

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Huawei Releases Digital Banking 2.0 Solution Leveraging Temenos Platform

SINGAPORE, July 21, 2022 /PRNewswire/ — During Huawei Intelligent Finance Summit 2022 — Huawei, launched the Digital Banking 2.0 solution leveraging Temenos open platform, and discussed with customers and top partners in the financial industry about how to build a cloud-native architecture to achieve business agility and industry innovation.

Digital banking is a global trend

Facing fierce competition with Internet giants, banks are transforming from providers of traditional financial services to those of new digital financial services based on the industry ecosystem. New technologies — such as cloud-native, open API, and big data — as well as the new economic environment have been driving digital banking to be open, intelligent with seamless integration capability.

Banks have to go digital to meet the various new requirements in new scenarios, and digital banking is an inevitable choice. Indeed, global digital banks have undergone explosive growth in recent years. According to the statistics of Simon-Kucher’s new bank database, 153 digital banks emerged in 2020 and 2021, and this number will continue to rise in the future.

Huawei releases Digital Banking 2.0 Solution leveraging Temenos open platform supporting banks’ architecture transformation and business innovation

Jason Cao, CEO of Huawei Global Digital Finance & Jimmy Ng, CIO and Head of Group Technology & Operations, DBS

During the summit, Huawei released the Digital Banking 2.0 Solution leveraging Temenos open platform. This new Digital Banking solution is an upgraded solution and uses Temenos open platform for composable banking to provide cloud-native, core banking functionality and data capabilities. The solution supports the quick launch of digital banks and helps larger banks accelerate their modernization in the cloud. This greatly improves the rollout efficiency and customer satisfaction.

Digital Banking 2.0 Solution enables fast service integration and rollout based on a cloud-native architecture, providing core banking functions for banks. The solution has the following key capabilities:

  1. Pre-integrated: The solution certified with Temenos and other partners in the industry offers a complete and comprehensive function stack of digital banking for customers in different business scenarios, such as retail, corporate and Islamic banking, etc.
  2. Agile: The solution provides composable banking services that allow new services to be developed and iterated through simple assembly. At the same time, the cloud-native system is highly scalable and cost-effective, requiring less initial investment.
  3. Open: The platform provides open APIs for third-party invoking and integration. It enriches the ecosystem and supports more business scenarios. All of this results in improved system operational efficiency and user satisfaction.

Neo Gong, Senior Solution Director of the Huawei Enterprise BG Digital Finance, introduced, “Digital Banking 2.0 can be delivered in the SaaS or cloud foundation model. This solution helps customers improve their efficiency of business operations and cost management, so that they can focus more on service innovation and ecosystem development. Based on the collaboration with Temenos, a leading open platform for composable banking, this solution provides rich core banking functionality for banks.”

Through building an agile, elastic, secure and reliable cloud foundation, and integration with partners to build scenario-based financial solutions, Huawei is committed to further promote the development and innovation of financial services, shaping smarter, greener finance together.

About Huawei Intelligent Finance Summit 2022

Huawei Intelligent Finance Summit is Huawei’s annual flagship event for the global financial industry. HiFS 2022 runs from July 20 to 22 in Singapore. With the theme of “Shaping Smarter, Greener Finance”, Huawei Intelligent Finance Summit brings together leading figures, KOLs, academic experts, and innovative practitioners in the global financial industry to discuss how to shape green and digital finance in light of the future development trend of the financial industry. For more information, please visit: https://e.huawei.com/en/special_topic/Industry/finance/2022-finance-summit

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Darwin Aboriginal Art Fair set to showcase works from over 1,500 First Nations artists, represented by a record 76 community Art Centres from across Australia

DARWIN, Australia, July 21, 2022 (GLOBE NEWSWIRE) — Aboriginal and Torres Strait Islander creatives will be celebrated in Darwin, Australia, from 2-7 August in an unmissable showcase of art, design and culture at Darwin Aboriginal Art Fair (DAAF) Foundation’s series of iconic events.

The Darwin Aboriginal Art Fair (DAAF) is Australia’s largest and most celebrated First Nations visual art event, which will return for the 16th year to run both online and in person this 5-7 August.

The internationally celebrated art fair sits alongside the Foundation’s two Indigenous Fashion Projects events, Country to Couture on the 2 August, and the National Indigenous Fashion Awards on the 3 August, bringing Australia’s most acclaimed and vibrant First Nations artists and designers to the national and global stage.

As the only Australian event of its kind, DAAF has secured a reputation as one of the country’s most significant and internationally recognised arts events, creating a unique opportunity to connect with, and ethically purchase art directly from Art Centres, as well as meeting the artists and learning firsthand about their cultural heritage, stories, history and traditional artistic practices through a range of masterclasses, talks and demonstrations.

DAAF 2022 is on track to be the most successful and widest reaching yet, with a record 76 Art Centres participating in the Foundation’s inaugural hybrid delivery of the event. In 2021, the Fair achieved a record $3.12 million AUD in sales with 100 per cent of profits going back to the Art Centres and their communities. The Fair itself takes no commission from artwork sold.

DAAF Foundation are proud to be part of a collective of organisations championing music, arts, and ideas from the world’s oldest living cultures. Taking place in Australia’s Top End each July-August, alongside DAAF Foundation’s renowned Fair and fashion events, will be:

  • Garma Festival | Yothu Yindi Foundation | 29 July – 1 August
  • Salon des Refusés | Salon Art Projects | 3-13 August
  • Telstra National Aboriginal & Torres Strait Islander Art Awards | Museum and Art Gallery of the Northern Territory | 5 August 2022 – January 2023
  • National Indigenous Music Awards | Music NT | 6 August

The first week of August is predicted to be one of the biggest showcases of First Nations talent in the world. Music, art and culture will collide as The Collective unifies to bring the public a unique experience across the creative industries in the Northern Territory.

For more information about the 16th Darwin Aboriginal Art Fair and for priority access to the digital Art Fair, visit daaf.com.au/register.

Georgina Dawson
georginad@bastionagency.com

 A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Darwin Aboriginal Art Fair: Media Snippet

Pakistan Extended Condolences On Loss Of Lives In Egypt’s Tragic Road Accident

ISLAMABAD– The government and people of Pakistan extended heartfelt condolences to the Egyptian government and people, on the loss of lives and injuries to many in a tragic road accident in southern Egypt, the Pakistani Foreign Ministry said.

“We express our deepest sympathies to the families of the deceased and pray for the speedy recovery of those injured,” the ministry said in a statement, yesterday.

At least 22 people were killed and 33 others injured, earlier in the day, in a bus-truck accident, 200 km away from Cairo, on the desert road of Minya Province in southern Egypt.

“A bus travelling to Cairo from the southern Province of Sohag, crashed into the back of a truck, parked on the side of the road to change its tyres,” Governor, Osama Al Qady, said.

“Pakistan stands in solidarity with the fraternal people and government of Egypt in this moment of grief,” said the foreign ministry.

Source: NAM NEWS NETWORK

Senegal capital wades through floodwater after heavy rain

DAKAR— Torrential rain fell across Senegal on Wednesday, causing floods in the capital Dakar and bringing down a section of one of the main highways into the city.

Cars, scooters and pedestrians inched through torrents of brown knee-deep water as unusually strong downpours battered the semi-arid city, where sandy roads and flat-roofed houses are poorly equipped for the July to October rainy season.

“Every year … we have difficulty moving and getting home, it’s a real problem,” said stranded resident Mohamed Ly.

Pedestrians piled onto horse-drawn carts normally used for goods and construction materials to cross particularly deep puddles.

“We pay 200 CFA francs (US$0.3145) for a crossing. It’s expensive for a distance we would do on foot,” said Ly, taking a seat among other passengers.

A group of children waded past, the smallest on piggy-back.

Rain typically falls in intense bursts during Senegal’s rainy season. Showers last a few hours and are separated by several days of dry weather.

Wednesday’s downpour was particularly strong, however, with 84 millimetres of rain recorded in Dakar in the space of two hours, according to the national civil aviation and meteorological agency (ANACIM).

Rainfall qualifies as “extreme” when it surpasses 50 millimetres, said senior ANACIM official Pape Ngor Ndiaye.

“Every year it seems to be getting worse,” said Ndeye Ndiaye. “It is the first time I am seeing this.”

Other grumbling Dakar residents noted flooding was a recurring problem in the ocean-facing city. Many blamed the lack of drainage systems and other infrastructure.

“Every year, we face the same situation,” said Mor Kane. “We need a government that solves problems.”

Source: NAM NEWS NETWORK

S.Korean, Gabonese Presidents Held Talks In Seoul

SEOUL, Jul 21 (NNN-YONHAP) – South Korean President, Yoon Suk-yeol and Gabonese President, Ali Bongo Ondimba, held talks in Seoul yesterday, according to the South Korean presidential office.

Yoon said, during the talks that, he hoped to expand cooperation with resource-rich Gabon, in the fields of infrastructure construction, information technology and climate change.

Bongo said, he also hoped to expand cooperation with South Korea, and took note of South Korea’s plan to hold a special meeting in 2024, between Yoon and leaders of African countries.

Yoon asked the Gabonese president to pay special attention to South Korea’s bid, to host World Expo 2030, in the south-eastern port city of Busan, and Bongo said, he will make efforts to support South Korea’s bid.

The two presidents also exchanged views on the situation on the Korean Peninsula.

Source: NAM NEWS NETWORK

Kenya drops from list of top 10 suppliers of UN agencies, US maintain top supplier

UNITED NATIONS— Supplies to United Nations (UN) agencies by Kenyan businesses dropped by $67 million last year edging out the country from the top ten spot, a new UN report shows.

Kenya’s supplies in the period stood at Ksh62.4 billion last year dropping by 11 percent compared to the Ksh70.3 billion worth of goods supplied a year earlier.

The report did not give reasons for the drop. However last year was marked by Covid-19 disruptions that started in 2020 and affected businesses and disrupted the operations of global agencies.

The Covid-19 pandemic created short-term disruptions and provoked long-term changes in how the world lives and does business.

“Procurement from suppliers in Africa rose by $303 million overall due to increased procurement activity by WFP (World Food Programme), IOM (International Organisation for Migration) and Unicef in particular,” says the report.

“Kenya, the largest country by procurement volume in the region, experienced a $67 million decrease in procurement between 2020 and 2021, while procurement from suppliers in Nigeria and Ethiopia increased by $92 million and $89 million, respectively.” Kenya hosts several UN agencies including the UN headquarters in Africa.

The complex is the administrative centre of two main UN agencies: the United Nations Environment Assembly (UNEA) and the United Nations Human Settlements Programme (UN-Habitat).

The United Nations Office also hosts the global headquarters for two programmes — the United Nations Environmental Programme (Unep) and the United Nations Human Settlements Programme (UN-Habitat) among several others.

The US maintained its spot as the lead supplier to the UN by supplying goods worth Sh271 billion last year. The US tied the top spot with Mexico which also supplied goods of the same value in the period.

Health remained the largest procurement sector of the UN system.

Procurement in the sector almost doubled in 2021 to $10.6 billion, compared to $5.5 billion in 2020.

“A significant part of the increase in the sector was driven by procurement related to Covid-19 vaccines and their distribution,” said the UN whose agencies led efforts to combat the coronavirus disease.

Construction, engineering and science have been the second-largest sector.

In 2021, procurement in the above sectors reached $3.5 billion or 12 percent of total UN procurement.

In 2021, the UN sourced goods and services from suppliers in 223 different countries and territories, with growth across all geographical regions.

Source: NAM NEWS NETWORK

Peacekeepers in CAR carry out almost 1,200 patrols seeking armed militants: UN

UNITED NATIONS— The UN mission in the Central African Republic (CAR), in a bid to expel armed groups, conducted 1,191 patrols in the last week, a UN spokesman said.

“The mission also reports that it reinforced its presence in Birao, which is in the Vakaga prefecture, as an early warning measure in response to rumors of violence,” said Farhan Haq, deputy spokesman for UN Secretary-General Antonio Guterres.

Stephane Dujarric, Guterres’ chief spokesman, citing the mission known as MINUSCA, reported on June 29 that UN peacekeepers routed members of armed groups occupying Ouanda Djalle, allowing displaced residents to return home. Many civilians, deeply impacted by the militants’ recent arrival, were forcibly evicted and living in very precarious conditions.

Peacekeepers secured the city, and military operations continued, allowing displaced people to return to their homes, Dujarric said.

Ouanda Djalle is a town in CAR’s Vakaga prefecture about 175 km south of Birao.

Haq said the UN secretary-general’s special representative for the CAR, Valentine Rugwabiza, on Wednesday donated 50,000 liters of fuel for use in eight health centers to help with fuel shortages in the country. Prime minister and health minister of the CAR attended the handover.

Source: NAM NEWS NETWORK