Huawei Launches the Financial Cloud-Network Solution to Lay the Cornerstone of Connectivity for Intelligent Finance
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
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Caption: Kevin Hu, President of Huawei's Data Communication Product Line, launches the
Financial Cloud-Network Solution
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