PR89912

SHANGHAI, June 4, 2021 /PRNewswire=KYODO JBN/ --

At the Huawei Intelligent Finance Summit 2021, Huawei launched its all-new

Financial Cloud-Network Solution designed to enable financial institutions to

build a "stable and high-speed" bimodal architecture. The end goal is to

accelerate service innovation, deliver secure and reliable financial services,

and lay the cornerstone of connectivity for intelligent finance.

With the rise of innovative services such as Internet finance and inclusive

finance, the financial services industry has gradually entered a new era

defined by all-scenario intelligent finance. According to the China Banking

Industry Service Report 2020 released by the China Banking Association, the

number of contactless transactions exceeded 370 billion, the off-counter

banking transaction rate reached 90.88%, and a myriad of financial services

such as personal credit service all went online.

Today's banking services are transforming from "stable" to "stable + agile".

Against this backdrop, banks need to ensure high system reliability and, more

importantly, accelerate service innovations, thereby delivering more convenient

experience with differentiated financial services. To this end, banks are

expected to accelerate digital transformation, in turn posing higher

requirements on financial networks.

"Huawei's Financial Cloud-Network Solution lays the cornerstone of connectivity

for financial institutions who prefer 'stable + agile' infrastructures to

inspire their business innovations," said Kevin Hu, President of Huawei's Data

Communication Product Line. "This future-proof solution accelerates the

provisioning of numerous innovative financial services, delivers diversified

and personalized network experience, and boosts O&M efficiency and automation,

paving the way toward intelligent finance."

The Financial Cloud-Network Solution reaffirms Huawei's efforts to follow its

philosophy of being "digital, intelligent, and service-oriented". This

purpose-built solution creates a stable financial network architecture that

features the stable network, stable operations and maintenance (O&M), and

stable protection, ensuring 24/7 service continuity without compromising

financial service security and reliability.

On the other hand, this solution enables an agile architecture characterized by

rapid application rollout, rapid branch access to clouds, and rapid

cloud-network scheduling, in turn provisioning new services within minutes and

improving service innovation efficiency.

Huawei's Financial Cloud-Network Solution delivers innovative offerings in four

major scenarios.

Financial Data Center Network (DCN), unleashing new computing power with new

Ethernet:

Huawei's financial DCN solution takes the lead in the industry by implementing

Level-3 autonomous driving network capabilities. Such capabilities realize

full-lifecycle network automation to slash time-to-market (TTM) by 90%, offer

network-wide intelligent O&M for minute-level fault detection and self-healing,

and enable proactive prediction of 90% of faults. Ultimately, this ensures 24/7

financial services.

In addition, lossless computing and storage networks are built based on the

all-Ethernet architecture, achieving zero packet loss within a data center and

between active-active data centers in the same city. As a result, 100% of

computing power is unleashed and fiber lease expenses are slashed.

Financial Wide Area Network (WAN), enabling cloud access upon network access

Huawei's financial WAN solution draws on the unique end-to-end SRv6 technology

to enable one-hop cloud access from financial branches. SRv6 outperforms

conventional MPLS technology by slashing the number of required protocols from

6 to 2. After merely performing some simple configurations on both ends, SRv6

tunnels can be quickly provisioned to accelerate service provisioning.

By leveraging the intelligent cloud-map algorithm, Huawei's financial WAN

solution can flexibly select the optimal cloud access path for each service,

effectively improving cloud access efficiency and increasing cloud-network

resource utilization by 30%.

All of these solution highlights pave the way for agile and high-quality

network connectivity between financial branches, the headquarters, and clouds.

Financial Campus Network, creating one global network

Huawei's Wi-Fi continuous networking solution builds a future-proof Wi-Fi 6

financial campus with full coverage and seamless roaming, providing ubiquitous

fully-wireless experience for any user.

Huawei's SD-WAN solution creates one global network with superfast

interconnections, facilitating agile interconnection of financial branches

around the globe and enabling flexible cloud-network alignment.

Other compelling features include SDN-driven cloud management as well as user-

and application-centric intelligent O&M, which serve to greatly improve campus

network O&M efficiency. Specifically, intelligent radio calibration boosts the

campus network performance by up to 58%, while intelligent O&M predicts 85% of

potential faults. The end result is high service stability and reliability.

Zero-trust Financial Network Security, delivering network-wide situational

awareness

Cloud-network-security-device synergy makes zero-trust financial network

security a reality. With this quality, financial institutions can benefit from

end-to-end security protection when it comes to cloud access, cloud

connectivity, and even intra-cloud networks. Beyond that, Qiankun security

cloud services equip financial institutions with subscription-based security

protection capabilities.

At this year's summit, Yu Yafeng, a senior architect from the Network Division

of China Construction Bank, spoke about how China Construction Bank pressed

ahead with network construction and planning in line with its "New Finance"

strategy.

China Construction Bank has already joined forces with Huawei to build an

intelligent cloud WAN based on the financial cloud-network philosophy. This new

network facilitates fast rollout of a plethora of services, offers diversified

service experience for users, and enables flexible access for the bank's

organizations — even in complex environments.

Cao Wei, manager of the cloud-network project team at China Merchants Bank,

also shed light on the bank's joint innovation with Huawei in the autonomous

driving network field. By introducing AI algorithms, the bank has eliminated

the efficiency bottleneck of manual O&M and achieved high levels of network

automation and intelligence. And in doing so, the bank can supply endless power

to digital transformation of today and tomorrow.

Huawei helps financial institutions upgrade their infrastructure, engage in

agile innovation, intelligently manage data, provide inclusive services, and

upgrade financial services targeting specific industries, helping financial

customers go digital faster and become more intelligent.

Huawei Intelligent Finance Summit, hosted by Huawei, is a global ICT event that

focuses on the financial services industry. The first summit was held in 2013,

and all participants of this summit are elite members of the industry. Huawei

Intelligent Finance Summit 2021 will be held from June 3 to 4. Under the theme

of "Accelerate Financial Digitalization, New Value Together", we will explore

how to accelerate progress toward intelligent finance and create new value

together from four perspectives: strategies, business, technologies, and

ecosystems. For more information about Huawei Intelligent Finance Summit 2021,

please visit: https://e.huawei.com/topic/2021-event-fsi-summit/en/index.html

Source: Huawei

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=393062

   Caption:  Kevin Hu, President of Huawei's Data Communication Product Line, launches the

Financial Cloud-Network Solution