Later this week, 29th May to be more precise, Huawei Enterprise will be hosting a local summit to look at digital transformation, and in particular, how it can be accelerated when it comes to the financial services sector.

Like many of the events taking place at the moment, it is completely virtual and will be happening online as a result of COVID-19 and the country’s continued national lockdown.

The Huawei Southern Africa FSI Summit Online 2020 has not only be made virtual as a result of COVID-19, the impact of the virus will also form part of the agenda. This as it has forced many, if not all, organisations to rethink the way it does business, not only when it comes to enabling a remote workforce, but also with regard to interacting with customers.

“The world is still battling against the Coronavirus. The pandemic not only threatens the humanity but the global economy. This transformation is happening when the banking sector is shifting from phase 3.0 to 4.0, where Banking is Everywhere, Never at a Bank,” explains Chen Lei, president of Huawei Southern Africa Region, in a press release sent to Hypertext.

A number of high profile executives from the banking sector will also be in attendance for the summit, including Joshua Oigara, group CEO & MD of KCB Bank Group and Xia Zhiyuan, director of the Big Data & AI lab at ICBC – both will be presenting at the virtual event.

The other high profile presenter is Brett King, author of Bank 4.0, who will be looking at how mobile will lead banks out of COVID-19.

For those in the local financial services sector, there could be valuable insight shared, and with the impact COVID-19 expected to be felt well beyond a vaccine being shared with the public, digital transformation will likely prove more significant than ever.