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SINGAPORE, July 25, 2022 /PRNewswire=KYODO JBN/ --

During the Huawei Intelligent Finance Summit 2022, Huawei proposed the

Multi-domain collaborative, Efficient, Green, and Autonomous (MEGA) financial

digital infrastructure, and unveiled solutions empowering digital

transformation of financial industry.

MEGA infrastructure is a global trend for finance.

Riding on the megatrends of fully connected, fully intelligent, and all

scenarios finance, digital innovation is the key competitiveness for business

growth, operational resilience, and sustainability, which has also become the

crucial engine of the global digital economy. The ultimate user digital

experience and business innovations are accelerating digital transformation of

the financial industry.

Dr. Margaret Hu, President of Marketing and Solution Sales, Global Digital

Finance, Huawei, said: "For digital and intelligent transformation of finance,

Huawei will work with partners to embrace challenges ahead, and help the

financial sector build MEGA digital infrastructure."

MEGA represents multi-domain collaborative, efficient, green, and autonomous.

Huawei believes these directions of MEGA is important for financial digital

infrastructure evolution in the new era. To build MEGA digital infrastructure,

the computing power, storage, and connectivity will be reshaped to empower

financial institutions achieve high-efficiency, high-availability, and

high-performance services through in-depth Cloudification Collaboration, Cross

domain Collaboration and Heterogeneous Collaboration.

Nicholas Ma, President of the Enterprise Business Group, Huawei Asia Pacific

Region, Huawei, said: "To build the green, digital and intelligent finance, we

can move faster together only with healthy and sustainable ecosystem

collaboration. We plan to enhance the ecosystem collaboration with global

partners to match the digital demands from financial industry based on our

fundamental research capability, innovative solutions, technology platform and

Huawei Cloud."

Driving digital transformation with innovation, Huawei Unveil 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): The

combination of millisecond-level optical transmission link fault detection and

fast storage switchover algorithm reduces the I/O link switchover from 120

seconds to 2 seconds when a transmission line is faulty, ensuring zero

transaction failures and 24/7 online service for financial customers.

-Multi-Domain Controller (MDC): Financial customers' public clouds, private

clouds, and traditional data centers are isolated from each other, which makes

it difficult for multiple departments to collaborate on network O&M. The MDC

solution implements network-wide simulation verification and one-click

configuration delivery, reducing the network change efficiency from days to

minutes.

-Converged Storage Pool: To meet customers' multi-environment requirements, all

data from physical machines, VMs, containers, or public clouds, can be stored

in one data resource pool and centrally managed using Huawei Data management

engine (DME). This solution consolidates the data resources, improving the

overall resource utilization from 40% to 70%, and lowering the TCO by 30%.

-Guaranteed Data Protection: In antivirus and anti-ransomware scenarios, the

firewall, all-flash production, and all-flash backup are combined to achieve

integrated protection ranging from virus detection, prevention, and isolation

to data recovery. The virus detection rate is increased from 99.5% to 99.9%,

and the backup and recovery time is shortened by five times. This solution

effectively prevents virus attacks such as ransomware and ensures financial

service security.

-Huawei works with Netis to jointly develop a service-level intelligent O&M

solution for the financial industry, to address a series of IT O&M

challenges.by this solution O&M of services, applications, clouds, data

centers, networks, and devices can be visualized from end to end, covering all

links.

-Huawei & Tongdun jointly developed Intelligent Risk Decision: Combining

Tongdun's industry-leading decision-making engine, model management

capabilities, and with Huawei Cloud, leading data & AI technologies, such as

Hetu, DGC, Lakehouse, and GES. This solution helps financial customers improve

decision-making efficiency by over 70% in scenarios such as anti-fraud and

credit rating. The average response time in large-scale concurrency scenarios

can reach less than 50 ms. In addition, hundreds of typical rules and models

are built in, facilitating quick deployment and meeting service challenges.

To date, Huawei has served over 2,000 financial customers in more than 60

countries and regions, including 49 of the world's top 100 banks.

Source: Huawei

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