HUAWEI
practice , and continuous operation to unlock the potential of big models and deliver a leap forward in intelligent productivity .
This was not just talk – Huawei Cloud signed MoUs with leading regional fintechs Finmaal , Klaim . ai , and Emirates Digital Wallet at the event .
This is a move that will play an important role in driving cloud native and AI models .
None of this is possible without the power and flexibility of Huawei Cloud .
Middle East opportunity As a key market for Huawei Cloud , the UAE was the first outside of China to gain access to these cutting-edge solutions . Huawei has a long-term relationship with companies in the UAE , stretching back more than 20 years to 2001 working with then telco Etisalat ( now e &).
The Middle East region is ripe for financial digital transformation , with one of the highest mobile internet penetration rates in the world – which provides an excellent infrastructure for fintech . Digital banking , mobile finance , consumer finance , and Web3 finance have become mainstream use cases in the finance industry .
In September 2023 , Huawei launched cloud infrastructure in Saudi Arabia , has data centres and cloud in the UAE , and is opening a cloud foundation in Egypt .
Huawei is investing in infrastructure in these countries so they have the choice to develop and deploy their own technology and apps on the cloud . Previously , they only had access to private cloud or on-premise solutions , with public cloud solutions being limited .
The ecosystem is important . Each industry needs its own solution , as every industry is different and will have different requirements . Technology providers cannot only provide computing and storage because customers are looking for an endto-end solution . Huawei Cloud provides that all-in-one solution .
With the finance industry embarking on a historic digital transformation , and the very nature of banking and payments changing beyond recognition , a powerful public cloud is an essential component of success . When coupled with innovative AI and a suite of smart API solutions from Huawei Cloud , the future of fintech looks bright . 100 January 2024