5 Framework Transforms Customers’ Digital Journey
Interview with Ben Yang, Vice President – Financial Services Business Unit, Enterprise Group at Huawei and Chen Kunte, Chief Digital Transformation Officer – Financial Services Business at Huawei Enterprise BG
Themed “Accelerate Financial Digitalization New Value Together”, this year’s annual Huawei Intelligent Finance Summit in Shanghai on June 3–4 was again packed with insightful information, case studies and discussions of trends. A highlight of the summit was Huawei s introduction of its I
5 framework and elaboration on how it will work with its partners and customers to build an innovative financial ecosystem through five upgrades. Huawei executives Ben Yang and Chen Kun Te discuss with Financial IT how banks and financial companies can benefit from the five upgrades using the I
Already entrenched in the NBFC space, Piramal sees an edge over others
Even as Oaktree Capital has emerged as the highest bidder for Dewan Housing Finance Corporation Ltd (DHFL) in terms of value, Piramal Capital and Housing will try to convince the lenders to look at its overall bid proposition. It is also hopeful that its position of being already entrenched in the NBFC space will give it an additional edge over other bidders.
What could work in Piramal’s favour is that it has offered the highest cash upfront at about ₹12,700 crore while Oaktree has offered about ₹11,600 crore. Piramal is also committing its entire Financial Services Business Unit (FBSU) equity capital of ₹15,600 crore. In addition, an incremental equity of ₹10,400 crore will also be available, if required. This FBSU enjoys AA rating, 33 per cent capital adequacy ratio and 2.2 times debt to equity ratio.