[Singapore, July 21, 2022] At the Huawei Intelligent Finance Summit 2022, Kevin Hu, President of Huawei's Data Communication Product Line, delivered a keynote speech entitled "Huawei's New Financial Cloud-Network, Building New Connectivity for Smarter and Greener Finance." In his speech, Mr. Hu shed light on how Huawei's newly upgraded Financial Cloud-Network Solution accelerates the cloudification of banking services and builds new connectivity for smarter and greener finance.
Kevin Hu, President of Huawei's Data Communication Product Line, delivers a keynote speech
With the rapid development of the global digital economy, next-generation Information and Communications Technology (ICT) is deeply integrated with financial services, accelerating the development of Financial Technology (FinTech). Against this backdrop, banks of all sizes evolve toward smart and online financial services and migrate their services to clouds.
In this process, networks are the foundation for digital finance, providing the required connectivity. However, today's bank networks face many challenges such as how to quickly invoke cross-DC resources and improve O&M efficiency, in turn raising new requirements for the digital innovation of banks.
Kevin Hu said: “In response, Huawei has upgraded its Financial Cloud-Network Solution by centering on building clouds, connecting clouds, and going to clouds. The future-proof solution provides an agile and stable network architecture needed to roll out new services in minutes and enable integrated O&M of applications and networks, improving innovation efficiency and delivering real-time guarantee of service experience.”
Huawei's L3.5 ADN Solution extends ADN capabilities to multiple data centers. This solution provides Runbook designer, Multi-Datacenter Controller (MDC), and Agile Open Container (AOC) capabilities, and supports third-party device management and public cloud interconnection. It also automatically connects multiple data centers and public clouds. Using this solution, average service migration is shortened from days to minutes.
In terms of Operations and Maintenance (O&M), Huawei's solution enables integrated O&M of applications and networks. Specifically, probes are deployed on networks to mirror service traffic to the service performance analysis platform from Huawei partner Netis. Huawei's iMaster NCE provides open Application Programming Interfaces (APIs) to collaborate with this platform. This makes it easy to analyze indicators such as transaction success rate and delay, as well as packet forwarding delay in real time to implement E2E service O&M.
In line with the green and low-carbon philosophy, Huawei's CloudEngine switches adopt advanced heat dissipation technologies, energy-efficient transmission modules, and high-density port modes, offering 54% lower power consumption per bit than the industry average.
Huawei launched the industry's first network-wide multipoint stateless traffic compression solution, which can compress WAN traffic by over 37%. In addition, Huawei's intelligent optimization feature helps expand capacity without adding private lines, slashing private line costs.
In addition, Huawei's WAN solution supports intelligent optimization, which balances bandwidth utilization among multiple private lines. This prevents unnecessary capacity expansion due to traffic aggregation on busy links, thereby further reducing private line expansion costs.
To simplify cloud access for branches, Huawei launched the SD-WAN Solution, which eliminates the need of planning and makes devices plug-and-play. In this way, networks can be provisioned remotely within 10 minutes for superfast access to clouds. In addition, Huawei's iMaster NCE-Fabric implements remote management, which eliminates onsite O&M and reduces complaints.
In branch office scenarios, Huawei's Fully-Wireless Campus Network Solution enables 20% greater Wi-Fi 6 signal coverage distance than the industry average. It also ensures always-on signals for users and lossless roaming, greatly improving service experience on branch networks.
Financial business development requires many enablers such as fast business deployment and agile service innovation. With this in mind, Huawei keeps innovating and continues to work with more financial customers and partners to jointly explore and implement innovative solutions. Such concerted efforts propel the financial industry into a digital future with smarter and greener finance.