“ PayPal is probably the best example of a fintech model that we recognise , and having started out with payments it ’ s now moving into credit and lending , and other services "
Bill Genovese , Vice President Corporate Strategy – Banking & Financial Markets , Huawei incumbents . Effective AI also draws on advanced biometrics and cybersecurity , and technologies like digital wallets are bound to our devices – so you ’ re storing assets digitally rather than in the traditional bank . The key to everything though is open APIs and secure data exchange or interchange between different platforms . None of this will happen without cloud ; cloud technology is the prerequisite for all of these next generation financial services .”
Advances in technology are fuelling greater customer expectations from those services – not just financial – that
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