Riding the megatrends of fully connected, fully intelligent and all-scenario finance, digital innovation is the key competitiveness for business growth, operational resilience and sustainability, which has also become the crucial driver of the global digital economy. . Ultimate user digital experience and business innovations are accelerating the digital transformation of the financial industry.
Dr. Margaret Hu, President of Marketing and Solutions Sales, Global Digital Finance, Huawei, said, “For a digital and intelligent transformation of finance, Huawei will work with partners to meet the challenges ahead and help the financial industry. to build a MEGA digital infrastructure.
MEGA stands for multi-domain, efficient, green and autonomous collaboration. Huawei believes that these directions from MEGA are important for the evolution of financial digital infrastructure in the new era. To build the MEGA digital infrastructure, computing power, storage and connectivity will be reshaped to enable financial institutions to achieve high-efficiency, high-availability and high-performance services through in-depth cloudification collaboration, cross-domain and heterogeneous collaboration.
Nicolas MaPresident of Enterprise Business Group, Huawei Asia-Pacific Region, Huawei, said, “To build green, digital and smart finance, we can only move faster together with healthy and sustainable ecosystem collaboration. We plan to enhance ecosystem collaboration with partners to meet the digital demands of the financial industry based on our fundamental research capability, innovative solutions, technology platform and Huawei Cloud.”
Driving Digital Transformation Through Innovation, Huawei Unveils MEGA Infrastructure Solutions
Based on Huawei’s leading innovative technologies and capabilities, Huawei works with partners to develop innovative digital infrastructure solutions.
- Industry’s first Storage Optical Connection Coordination (SOCC): Combination of millisecond-level optical transmission link fault detection and fast storage failover algorithm reduces storage link switching I/O from 120 seconds to 2 seconds when a transmission line fails, ensuring no transaction failures and 24/7 online service for financial customers.
- Multi-Domain Controller (MDC): Public clouds, private clouds, and traditional financial customer data centers are isolated from each other, making it difficult for multiple departments to collaborate on network operation and maintenance. The MDC solution implements network-wide simulation verification and one-click configuration delivery, reducing network change efficiency from days to minutes.
- Converged storage pool: To meet customers’ multi-environment requirements, all data from physical machines, virtual machines, containers, or public clouds can be stored in a data resource pool and centrally managed at the same time. using the Huawei Data Management Engine (DME). This solution consolidates data resources, improving overall resource utilization by 40% to 70% and reducing total cost of ownership by 30%.
- Guaranteed data protection: In antivirus and anti-ransomware scenarios, firewall, all-flash production and all-flash backup are combined to achieve integrated protection ranging from detection, prevention and isolation viruses to data recovery. The virus detection rate is increased from 99.5% to 99.9%, and the backup and recovery time is reduced by five times. This solution effectively prevents virus attacks such as ransomware and ensures the security of financial services.
- Huawei is working with Netis to jointly develop an intelligent service-level O&M solution for the financial industry to address a range of IT O&M challenges. This solution makes it possible to visualize the O&M of services, applications, clouds, data centers, networks and devices from end to end, covering all links.
- Huawei and Tongdun have jointly developed Intelligent Risk Decision: Combining Tongdun’s industry-leading decision-making engine, model management capabilities, and with Huawei Cloud, leading data and artificial intelligence technologies, such as Hetu, DGC, Lakehouse and GES. This solution helps financial customers improve decision-making efficiency by more than 70% in scenarios such as anti-fraud and credit scoring. The average response time in large-scale concurrency scenarios can reach less than 50ms. Additionally, hundreds of typical rules and templates are built-in, facilitating rapid deployment and addressing service challenges.
To date, Huawei has served more than 2,000 financial customers in more than 60 countries and regions, including 49 of the world’s top 100 banks.
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SOURCEHuawei