Page 47 - SAMENA Trends - June-July 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

business use, and 5G is the best option the telecom industry body estimated commitment to providing the securest
to ease such network pressure,” he said. that there would be around 45 million 5G network infrastructure to operators across
The Middle East was among the first connections across the region by 2025, the region. “We work with governments,
regions in the world to rollout 5G at scale, with the contribution of mobile technology industries, and our customers in an open,
and many regulators took a collaborative and services to the MENA region reaching transparent, and constructive way to
approach to 5G spectrum allocation more than $220 billion in value by 2023. maximize the benefits of ICT infrastructure
and licensing, with large-scale rollouts Yang believes that the Middle East and while improving its security. We are fully
beginning as early as 2018. “The use cases North Africa region’s relentless investment aware of our responsibilities as a global
for 5G are practically unlimited, although in research and development will help to ICT supplier,” he said. Over the past 30
certain sectors can stand to benefit keep it at the cutting edge of next generation years, Huawei has worked with carriers to
more in current circumstances, such as connectivity. “It’s with long-term R&D build more than 1,500 networks, providing
healthcare, education, transportation, and investment that we have been able to lead network services to over 3 billion people
energy, to mention a few,” said Yang. “But the pack in multiple technology domains, in more than 170 countries and regions.
transitioning towards a smarter society, and continue to earn the respect and “We have put in place a comprehensive
in general, requires strong partnerships trust of our customers despite significant cyber security assurance system, and
between the public and private sectors. external pressure,” maintains Yang, who have a proven track record in that field.
The need to develop the 5G ecosystem, cites close cooperation with external Our cyber security practices have won the
including the talent ecosystem, is clearer bodies as instrumental to its success in trust of partners across the global value
than ever.” One area that collaboration is the Middle East. “We’re continuing to work chain. Huawei's 5G products have passed
being seen is in the concept of 5G+X; the closely with governments, customers, multiple third-party security certifications,
combination of 5G connectivity with other and partners to provide services that help and Huawei has become the first company
advanced AI, IoT, and cloud technologies. them to pursue digital transformation and to gain the CC EAL4+ certificate,” Yang
In last year’s GSMA report “The Mobile realize national development visions.” concluded.
Economy Middle East & North Africa”, Yang also reiterated his company’s

Huawei Empowers Global Financial Customers' Digital Transformation with
Mobile-Centric Strategy and Cloud, AI, and 5G Capabilities

Huawei held its Global FSI Summit 2020 and using FinTech to ensure business its global financial customers with
(online overseas part) with the theme continuity and reshape financial services competitive financial ICT solutions, and
of "Thrive Digitally in a Mobile Future." models. Huawei believes that mobile works with various world-leading partners
Financial institutions and enterprises capabilities are key to future banks. on joint innovation. The summit attracted
were invited to share their experience and Supporting this mobile-centric business the world's leading financial institutions
insights in dealing with the “new normal” will require new IT architectures and including Shanghai Pudong Development
in the post-pandemic era, involving key capabilities of cloud, AI and 5G. As (SPD) Bank, China Construction Bank,
accelerated mobile first implementation a leading tech player, Huawei provides Singapore DBS Bank, Sberbank, BBVA,
Isbank; the world's leading financial
solutions provider Temenos, and analyst
institutions IDC and other global industry
participants. The COVID-19 pandemic has
advanced digital operations in the financial
industry with more confidence and
determination in such implementation.
Moreover, the industry has demonstrated
its advantages and value in applying
new technologies in digital operations.
Peng Zhongyang, Director of the Board,
President of the Enterprise Business
Group, Huawei, stated: “Based on cloud
computing, big data, artificial intelligence,
5G, and other ICT technologies, innovative
FinTech will embrace new opportunities
and lead the upgrade of financial services.
We have combined our 30 years of
technical experience, capabilities, and
industry insights with customer needs, to

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