Huawei Reveals Intent to Strengthen Ecosystem Financial Services Offering at Huawei Developer Conference 2021
Posted: October 22, 2021 at 12:32 PM EDT|Update: 15 minutes ago
Shenzhen, china, 22 October 2021 / PRNewswire / – Today at its annual Huawei 2021 Developer Conference (HDC 2021), Huawei announced its intention to continue driving innovation in the financial services industry by exploring the capabilities of Open Banking with AppGallery partners. Industry speakers joined experts from Huawei in announcing AppGallery’s continued push for innovation while prioritizing user safety.
âWe are excited to share our plans for AppGallery in Financial Services,â said Siri G. BÃ¸rsum, global vice president of finance, eco-development and vertical partnerships at Huawei Consumer Business Group. “After an exciting few months, we have experienced the potential of partnerships for innovation and growth, and we look forward to welcoming more FinTechs who want to make waves in the industry.”
Could Open Banking champion financial health?
Dedicated to providing its global audience of 730 million people with a choice of the latest banking and payment applications, AppGallery leverages new technologies to support its partners.
Noffe recently joined AppGallery, using Open Banking to offer a service that helps kids learn saving habits in Norway. Bluecode offers its customers in Europe a convenient payment solution, using QR codes via the NFC capabilities of AppGallery.
Huawei remains committed to promoting global financial health – achievable through partnerships with fintechs. For consumers, Huawei explained how users can use Open Banking to gain more control over their finances.
Alongside its partners, AppGallery promotes innovation
Joined by Brett King, author of The rise of technosocialism and host of the FinTech n Â° 1 podcast Bank breakage, Siri G. BÃ¸rsum addressed recent changes in consumer behavior that have led to a higher demand for convenience. With 2020 seeing a 45% jump in banking app usage, the pair highlighted the potential for developers.
âWe see so much potential for innovation when we examine the changing landscape of the financial services industry,â said Brett King. âWhen you look at the biggest financial institutions around the world, they tend to be digitally driven organizations. “
With AppGallery, Huawei plans to foster innovation to help FinTech developers realize their business development potential, while advocating for health.
BÃ¸rsum explained Huawei’s full-cycle security and protection system including real name developer verification, a four-step review process, additional protection for download and installation, and a prevention mechanism for the secure operation of applications.
About the AppGallery
AppGallery is an innovative ecosystem that empowers developers to create unique experiences for consumers. Its HMS Core allows apps to integrate across different devices, providing a smoother experience, as part of Huawei’s broader “1 + 8 + N” strategy.
With AppGallery, Huawei’s vision is to create an open and innovative platform accessible to consumers while strictly protecting their privacy and providing them with a unique and intelligent experience. AppGallery has over 560 million monthly active users and has partnered with 5.1 million developers.
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SOURCE AppGallery, Huawei
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