During the Summit, Huawei Cloud signed MoUs with Emirates Digital Wallet, Finmaal, and Klaim.ai, a move that will play an important role in in-depth cooperation between Huawei Cloud and partners in terms of cloud native and AI models.
Huawei Cloud has unveiled the Pangu finance model and the distributed database GaussDB tailored to the financial industry at the Huawei Cloud FinTech Summit Middle East and Central Asia 2023, held during the Abu Dhabi Finance Week (ADFW) in the UAE. This marks the first time these cutting-edge solutions have been made available to countries and regions outside of China.
At the Summit, Frank Dai, President of Huawei Cloud Middle East and Central Asia, highlighted the finance model’s transformative potential to reshape the financial service chain. He emphasized leveraging high-quality data and collaborative innovation, integrating foundational models with financial expertise, and optimizing computing power for more professional finance models.
In the keynote address, Frank shared, “In the financial industry, foundation models can help financial institutions greatly enhance operational efficiency, minimize expenses, and foster innovation. The collaboration of productivity, intelligence, and computing power enables the optimal utilization of the finance model. These three elements align with the scenario layer, model layer, and foundation layer of the financial model solution, respectively.”
At the scenario layer, AI models can play a significant role in financial production, serving as valuable assistants to service personnel and IT technical personnel. They can contribute to various tasks such as intelligent data analytics, automatic coding, automatic credit report generation, and intelligent customer services. These applications can greatly enhance work efficiency and elevate the overall customer experience.
The model layer serves as a platform for enhancing the technical capabilities of foundation models, thereby making the finance model more intelligent. Additionally, the finance model is further enriched with expert financial knowledge and data to enhance its professionalism.
