The Huawei Cloud COMPASS 2024 for Latin America was recently held in Dongguan, China, successfully bringing together nearly a hundred business executives and technology leaders from around the globe. The forum aimed to foster collaboration between Chinese and Latin American enterprises, focusing on leveraging innovative technologies to drive and support digital transformation across various industries in Latin America, and exploring pathways to shared digital prosperity.
As China's first fintech service provider to expand overseas and a key partner of Huawei in the financial sector, Sunline was invited to attend the forum. Niu Xiaoli, Vice President of Sunline, delivered a keynote address titled "Technology Leading the Development Trends of Digital Finance for Latin America." Ms. Niu highlighted Sunline's robust leadership and expertise in core business industry. She also elaborated on the company's diverse strategies for penetrating international markets, considering the emerging trends and challenges within the industry. Besides, she shed light on both the opportunities and obstacles within Latin America's digital transformation landscape.
Ms. Niu emphasized that Sunline has been dedicated to technological innovation for 22 years, continuously deepening the application of digital technologies in the financial sector, and consistently empowering financial clients with "innovation + expertise." Since 2018, Sunline has closely partnered with Huawei, leveraging Huawei Cloud services such as GaussDB database, GaussDB (DWS) data warehouse, and MRS cloud-native data lake. Sunline has developed several industry-leading solutions, including the "Sunline + Huawei Financial Modernization Core Joint Solution." Through the in-depth integration of business and technology, these solutions have facilitated the transformation of core banking systems, with numerous successful cases in China and regions such as Asia-Pacific.
On the ther hand, Ms. Niu stressed the need of core systems in financial institutions' IT infrastructure when pursuing digital transformation in Latin America. It is critical for improving technical "provision" and "connectivity" in the digital age. The institution's whole business operations rely on the level of development, which acts as the foundation for successful digital transformation. As a result, whether in China or worldwide markets, commencing with the creation of core systems is a popular option in the financial industry.
Sunline began its globalisation journey in 2016, setting benchmarks by introducing China's best practices in digital transformation and smart financial capabilities to overseas markets. Sunline has expanded its reach to over ten countries and regions, offering comprehensive services to more than 60 international financial institutions. Sunline has sought out and partnered with like-minded partners on its path of "going global," to jointly promote the brilliance of Chinese technology in the global stage.
Huawei Financial Partner Go Global Program (FPGGP) was formally started in 2021. Sunline was appointed as one of FPGGP's inaugural seven council members in recognition of its remarkable achievements and capabilities in international expansion. Both organizations have consistently invested in cutting-edge technology such as financial business consulting, artificial intelligence, and blockchain. They have collaborated to release cloud-native digital loan solutions and dual-core solutions aimed at the international market, such as the modernized core mCore and digital core iCore solutions. Both companies are dedicated to addressing industry pain points through innovative technological methods and deep collaborative models, promoting continuous development and transformation in the financial industry, contributing China's power to global financial digital transformation, and co-creating a new landscape for digital development.
Sunline and Huawei will continue pursuing higher-level and broader partnerships, with wisdom serving as the sail and cooperating as the vessel. This worldwide collaboration aims to strengthen industry goals, accelerate technological advancement to meet global digital transformation challenges and enable enterprises to innovate and enhance the industry.
About Sunline
Established in 2002, Sunline is the leading provider of banking software and technology services in China. With advanced technologies and a wide range of products, Sunline leads the way in empowering and innovating the financial industry, enabling customers to rapidly innovate their businesses, enhance user experiences, and accelerate digital transformation. Since venturing into international markets in 2016, Sunline has established international offices in Hong Kong, Malaysia, Thailand, Indonesia, Singapore, and the Philippines. These expansions have helped Sunline extend its influence in the rapidly growing fintech market across the Asia-Pacific region.
About Huawei
Huawei Technologies Co., Ltd., founded on September 15, 1987, is headquartered in Longgang District, Shenzhen, Guangdong Province, China. As a global leader in Information and Communication Technology (ICT) solutions, Huawei focuses on the ICT field and adheres to the principles of steady operation, continuous innovation, and open cooperation. The Huawei Financial Partner Go Global Program (FPGGP) unleashes the potential inherent in collective experience — both Huawei's and that of its partners — to drive digital transformation in finance. FPGGP partners are already developing innovative, industry-leading solutions, expanding into global markets, and building a FinTech ecosystem.
