The average person in the Philippines spends more time on the Internet than in any other country in the world. Filipinos are online more than 11 hours a day, with a global average of just 6 hours. In fact, with a total population of over 100 million and 71% of Filipinos being active internet users, it creates the perfect environment to develop the country’s digital economy through financial technology (also known as under the name FinTech). I am.
Despite being the most active online, over 50 million Filipinos (over half of the population) do not use any form of online banking. According to the government report released in 2019, only 8% of adults in the Philippines have an active online connection. Account. This, coupled with 97% of Filipinos still trading in cash, increases risk during a pandemic with restricted face-to-face interactions.
In recent years, Huawei has worked closely with the Philippines’ largest bank, Banco De Oro Unibank (BDO), to achieve its strategic ambitions. More Filipinos.
To help banks achieve this goal, BDO has partnered with Huawei to accelerate digital transformation. BDO was deployed in April 2021 BDO PayA mobile wallet and contactless payment solution that provides users with convenient and immediate access to digital banking services. On the path to inclusive digital banking, BDO is actively adopting innovation to modernize its existing infrastructure, improve its competitiveness and develop more innovative services across all of its activities.
BDO’s digital banking enhancements are bolstered by Huawei’s Ocean Stor Dorado all-flash storage solution. This solution implements a virtual, cloud-based, reliable, secure and promising data sharing platform. Huawei NS Data Management Engine (DME) and OceanStor Dorado Storage It forms the basis of the solution and intelligently protects the growing bank customer assets and transaction history data.
Overcome the limitations of existing systems
Updates to BDO’s IT infrastructure have been driven primarily by the increasing capacity needs that have arisen as the business has grown. Existing systems have a limited ability to process and make full use of data resources that can create new value. Therefore, an upgrade was necessary. Additionally, banks were affected by siled IT suites resulting in less than 40% storage utilization, which is much lower overall.
To eliminate this obstacle, Huawei OceanStor Dorado offers a high Smart Tier Solid State Drive (SSD) configuration ratio, delivering 1.3Gb / s bandwidth and dramatically improving the performance of data sharing platforms. In addition, OceanStor Dorado features hyper replication and an integrated Storage Area Network (SAN) + Network Attached Storage (NAS) system to meet BDO’s file sharing and backup requirements. This enables an active-passive system that protects all company data, including documents scanned from images and voice memos. Huawei OceanStor Dorado supports flexible service expansion, shortens service deployment times, and accelerates data monetization in storage resource pools. In fact, in a BDO Proof of Concept (PoC) performance test, the overall backup service time was reduced from two days to just six hours.
Traditional infrastructure did not have an automated orchestration platform, which required operations and maintenance (O&M) upgrades in addition to performance requirements. Excessive reliance on manual O&M made it difficult to diagnose system failures and inundated maintenance departments, not to mention inaccuracies. Digitization of operations and maintenance has improved diagnostics, accuracy, problem-solving efficiency, and reduced associated management costs.
Currently, thanks to Huawei’s DME, BDO’s storage usage has increased from 40% to 70%. In addition, the intelligent fault diagnosis capabilities of the system have increased efficiency to 90%. DME also manages data resource pools created and configured based on service levels and uses algorithms that automatically convert hot data to hot or cold data in hot, hot and cold data layers layer by layer. Succeed at. This unwanted data is stored on low cost media to reduce wastage of resources and improve service efficiency. Simply put, Huawei DME provides backup and recovery solutions to effectively ensure the full lifecycle management of your storage system and maximize the value of your data.
“During the proof of concept test, we were impressed with the high performance and reliability of Huawei products. Huawei continues to innovate in future technologies for service-centric value, rapid response to demands and financial services. That is why we want to build a long-term partnership with Huawei. “Industry (FSI). ” Dennis Tangonan, Head of Infrastructure Operations, BDO..
BDO’s recent IT infrastructure upgrades and Virtual Private Cloud (VPC) updates are another step in the bank’s digital transformation journey. As the industry enters the era of intelligence, meeting the ever-changing demand for capacity and services is at the heart of BDO’s operations. BDO will continue to innovate in storage systems to provide our customers with the best products and services. Huawei, alongside BDO, will continue to support banks on their digital transformation journey by providing cutting-edge technology and services, allowing BDO to maintain its position as the largest bank in the Philippines.
Click for more information on Huawei’s all-flash storage solution. here..
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Banking giant BDO and Huawei work together to provide Filipinos with comprehensive financial services
Source Link Banking Giant BDO and Huawei Work Together to Provide Filipinos with Comprehensive Financial Services