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

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=426110