Additionally, the forum aims to foster the development and growth of the Alliance by promoting innovation and collaboration within the financial technology sector.Īt the ceremony, Mr. The forum's objective is to maintain a sustained focus on financial technology innovation in China and Asia, particularly exploring the integration of 5G and finance. This initiative involved ten entities including the China Association of Communications Enterprises, China Telecom, China Mobile, China Unicom, ZENITERA, and Suzhou Bank. This promotes the comprehensive upgrade of the insurance industry's infrastructure system, shifting from traditional technology support to value creation."ĭuring this forum, spearheaded by ZTE and supported by the Asian Financial Cooperation Alliance and DAHAN TRICOM, a collaborative initiative named the "Jin Ke Road Forum" was launched. Hu Bing expressed, "As a next-generation communication technology, 5G achieves profound applications in various technical fields through the convergence of AI, big data, and cloud computing technologies. Zhuxing, CTO of ZENITERA, shared their experiences and innovative practices regarding 5G, 5G messaging, and new calling in the banking, insurance, and securities industries. Hu Bing, General Manager of the Technology Operation Division at China Pacific Insurance, and Mr. Hu Mingtao, General Manager of the UnionPay Data Innovation Product Division, Mr. Fu Guoqiang, an expert from the Technology and Standards Institute of the China Academy of Information and Communications Technology (CAICT) and deputy leader of the 5G message working group, shared the development status and future plans of new telecom services such as 5G Messaging and new calling from a policy perspective. Additionally, we have collaborated with China UnionPay Data, China Pacific Insurance, and ZENITERA to develop three exemplary applications in the banking, insurance, and securities industries."Ĭurrently, the integration between 5G and the financial industry is accelerating, and the integration of 5G new services and financial innovation based on 5G messaging and new calling is also deeply applied in various scenarios of the financial industry. We have launched the world's first commercial terminal, enabling operators to lead pre-commercial operations. Regarding 5G New Calling, ZTE is the only vendor offering end-to-end solutions encompassing terminals, networks, and applications. Through ZTE's openlab, we have established partnerships with over 70 entities and conducted more than 400 5G messaging application verifications. In terms of 5G messaging, ZTE's 5G Messaging platform currently serves 55% of subscribers nationwide. We leverage 5G technology to better serve the digital transformation of the financial industry. ZTE is committed to becoming a Driver of Digital Economy, focusing on strengthening core competencies, driving continuous technological innovation, and empowering industries and ecosystem partners. Cui Li, Chief Development Officer of ZTE, stated, "The financial industry is at the forefront of digital transformation, and the emergence of 5G technology has further fueled innovation in the digitalization of financial services. ZTE plays a crucial role in assisting operators in building advanced commercial 5G messaging and new calling networks. This conference represents a premier event at the forefront of 5G Messaging and New Calling, with comprehensive coverage within the financial industry, establishing a highly influential platform that bridges the communications and financial sectors. The ultimate goal was to facilitate the evolution of financial services from digitalization to intelligence, thereby better serving the development of the digital economy and enhancing people's well-being. The purpose of this gathering was to explore the profound integration of 5G applications and financial services, focusing on the utilization of 5G Messaging and 5G New Calling as exemplary applications. Notable participants included the Asian Financial Cooperation Alliance, China UnionPay Data, China Pacific Insurance, ZENITERA, and DAHAN TRICOM. GSMA, in collaboration with the China Academy of Information and Communications Technology, the China Association of Communications Enterprises, China Telecom, China Mobile, China Unicom, and other prominent organizations and enterprises in the communication and financial sectors, brought together over 300 experts and representatives from domestic and international financial institutions, technology enterprises, and communication industry entities.
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