At Enterprise ICT Summit India Huawei introduced a new innovation from its industry collaborations in the financial sector: the New Financial Cloud Solution for Mission Critical jointly developed by Huawei and Infosys Finacle, designed to ease some of the IT challenges of the finance and banking sectors. This was launched in Shanghai at the recent Huawei Connect 2016.
The new innovation is based on the Huawei FusionCloud platform and the world’s first 32-socket Mission Critical server KunLun, integrated with the world’s leading banking system – Infosys Finacle, which includes its entire suite of products such as core banking system, online banking, mobile banking, customer relationship management (CRM) and wealth management. The best-in-class technology has been specifically designed to help financial institutions reduce total cost ownership (TCO), improve agility, and accelerate digitalization.
Banks move to all-cloud services
There is a new global trend among financial institutions looking to deploy cloud in multiple services areas. To meet this need, Huawei has developed a series of strategic partnerships and innovative cloud infrastructure projects with several major banks in China and elsewhere around the world. These include China Merchants Bank, China Construction Bank, Industrial and Commercial Bank of China, and Santander.
The event highlighted that impeccable security must be achieved through a combination of checks and processes which includes highly reliable cloud security, risk control and audit systems, and data security systems. He also said that reliable, user-friendly cloud architecture demands both high quality physical infrastructure and highly available data architecture.
Huawei’s financial IT services
Huawei’s finance industry solutions currently span three main areas: platform, data, and services. They cover all processes (front-end, middle, and back-end), and include finance cloud, big-data, real-time risk control, server upgrade, mobile finance, core accounts data, and end-of-day acceleration.
Huawei serves over 300 financial institutions worldwide, including six of the world’s top ten banks. Huawei also has wide-ranging partnerships with a dozen major banks worldwide. In Hall At the summit, Huawei has set up a display of all of the finance industry solutions it offers. These include three key scenarios for large banks: self-operated private cloud, industry public cloud, and cloud appliance. These scenarios have attracted considerable interest within the financial industry.
The two day Enterprise ICT Summit 2016 witnessed participation of over 900 partners, enterprise customers and industry experts from sectors including BFSI, Power, ISP, Government, Railway and Education, for achieving multi-win outcomes. During the summit, key themes like cloudification and the integration of technology across verticals were discussed that are responsible for the delivery of the Information and Communications Technology (ICT) solutions that are solving the many unique problems of this rapidly changing world. The need for safer and smarter cities using technologies, such as Internet of Things (IoT)-based security protection, video cloud storage, and Big Data analytics were all deliberated on during the course of the summit.