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Cloud, AI expected to amplify fintech growth for 2021
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The coronavirus pandemic introduced a whole new era that challenged how several industries adapt to a more digitized model from manufacturing all the way to banking. This rapid transition has seeped its way across several age groups, regardless of previous behavior, and forced technological adoption.
Whether its online classes, remote working setups, or even bills payment, technologies backed by the cloud and artificial intelligence (AI) propagated a more inclusive and empowering economy. In the Philippines, the same can also be said with financial technology.
During the recently concluded Philippine leg of the World Fintech Festival organized by GeiserMaclang Marketing Communications and co-presented by Globe Telecom, Huawei announced a virtual road map that revolves around its partnerships with local businesses especially in the fintech industry.
Published December 19, 2020, 8:55 PM
The Philippines has positioned artificial intelligence (AI), the cloud, and 5G as building blocks of its post-pandemic economic recovery, propelling the growth of emerging sectors like edutech, fintech, and insurtech.
Discussions on “Fintech 2021 Philippine Outlook: The Key to Unlocking the Economy Post-COVID” have identified AI and the cloud as key technologies underpinning the future of legacy sectors like banking, education, and insurance. During this virtual forum organized by global tech leader Huawei Philippines Inc. on December 11, industry stalwarts and policymakers highlighted the potential of 5G to help drive sustainable economic growth and bridge the digital divide.
TOP LINE (L-R): Ida Tiongson, Panel Moderator; Teck Guan Neo, Huawei Cloud APAC Senior Director, Simon Wu, Huawei Cloud APAC CTO
Published December 10, 2020, 12:30 PM
As a self-made global leader in technology, Huawei has been championing Asian growth in internet-based technologies such as 5G, the cloud, and artificial intelligence (AI) which have become increasingly vital to business in anticipation of the economic turnaround expected in 2021.
Following the unprecedented events of 2020 which caused a massive slump in economies worldwide, sectors like fintech have risen to prominence as the new anchors that have ushered in stability amidst the uncertainty of the pandemic. In the Philippines, in particular, fintech has helped bring in an inclusivity and a sense of empowerment that transcends socio-economic status. Fintech is poised to bring about a digital transformation that can realize the country’s potential through various industries spanning from e-commerce to edutech.