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CIB FinTech and Huawei Collectively Win The Asian Banker’s Award for Finest Information Infrastructure Implementation in China Receive US

SHENZHEN, China, July 29, 2023 /PRNewswire/ — On the Way forward for Finance China 2023, the distinguished worldwide finance journal The Asian Banker unveiled the winners of its Monetary Expertise Awards this yr. Industrial Digital Monetary Providers Co., Ltd. (CIB FinTech for brief) and Huawei Applied sciences Co., Ltd. (Huawei for brief) collectively gained Finest Information Infrastructure Implementation in China on this class.

The monetary trade is at the moment witnessing super inflation relating to the sheer quantity of information it produces, and its worth is rising with it. Monetary establishments now must acquire and use information in actual time, posing greater necessities on information utility, governance, and safety.

Based mostly on Huawei Monetary Information Intelligence Answer that features software program and {hardware} merchandise like Kunpeng, Kylin, Huawei Cloud, and information lakehouse, CIB FinTech has constructed an enterprise-level and all-scenario built-in evaluation platform. As a self-service, real-time, and clever information service technical basis, the platform consists of information, scheduling, administration, and repair sub-platforms. It replaces the unique information warehouse system and features as the brand new core of the group’s information companies, enhancing information companies from 4 elements.

  1. Strengthens primary information capabilities
    Based mostly on the large-scale distributed computing structure, the brand new evaluation platform integrates the batch information warehouse, real-time information warehouse, and IoT information warehouse to realize excessive scalability and availability. It will increase the variety of nodes by 12 instances and enlarges the excessive availability area by 20 instances.
  2. Higher allows information purposes
    By constructing a low-code improvement platform, the group has created a full-process visualized information relationship graph. This considerably shortens the training curve and simplifies utility development, dashing up R&D.
  3. Refines information governance and management
    A exact information map is drawn to precisely hint information sources and consider information worth. By multidimensional information administration, the group can create forward-thinking information administration options.
  4. Widens information functionality sharing
    The group can provide tenants entry to information storage and computing capabilities, attaining an elastic provide, which permits its enterprise departments to have an optimum expertise within the acquiring and utilization of information.

The brand new platform has laid a stable technical foundation for the Industrial Financial institution to raised take care of numerous companies.

  • Threat management: The platform improves the important thing report information provide effectivity by 51%, so tens of billions of transactions may be analyzed in seconds. This helps the top workplace exactly analyze dangers and stop fraud.
  • Advertising: The financial institution boasts an optimized exact retailing mannequin to cowl tens of hundreds of thousands of consumers. By constructing a closed-loop digital advertising and marketing course of, its advertising and marketing campaigns have billions of person-times of interactions every year.
  • Expertise: The reuse price of public interfaces is improved by 10 instances, considerably slashing R&D prices. At present, greater than 300 programs have accessed information companies.

CIB FinTech and Huawei collectively reconstructed the enterprise-level information platform. Counting on a digital infrastructure that options self-service management, convergent capabilities, and clever O&M, the platform will increase information asset worth, optimizes information service expertise, and transforms operational and revenue fashions of banks, thereby enhancing each the shopper expertise and operational effectivity.

Huawei dives into the info area and stays dedicated to exploring new eventualities, whereas on the similar time collaborating with prospects and companions to assist monetary establishments improve information and intelligence capabilities. Leveraging its fully-converged cloud-data-AI-computing Monetary Information Intelligence Answer, Huawei accelerates the unleashing of information worth and helps monetary establishments innovate companies.

For extra details about Huawei Monetary Information Intelligence Answer, please consult with 

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CIB FinTech and Huawei Collectively Win The Asian Banker's Award for Finest Information Infrastructure Implementation in China Receive US Obtain US

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