Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, August 26 2022 - 22:53
AsiaNet
Huawei and Bank of China Jointly Win The Asian Banker's Award of Best Bank Infrastructure Technology Implementation in China
BEIJING, Aug. 26, 2022 /PRNewswire-AsiaNet/ --

The "Finance China 2022" event organized by the prestigious international 
finance magazine The Asian Banker successfully commenced in Beijing on the 25th 
of August. Huawei and the Bank of China jointly won the Best Bank 
Infrastructure Technology Implementation in China in the category of Financial 
Technology Awards.

Huawei has shaped many innovative technological solutions by using its 
innovative ICT technologies and capacities and orchestrated cross-domain 
collaboration among technologies, helping financial institutions enhance their 
operational resilience and provide optimal user experience.

- NoF+ is an Ethernet-enabled lossless storage network solution that applies 
NVMe, a high-speed read/write protocol dedicated to flash memory and IP 
networks. Customers can use this technology to build intelligent and lossless 
networks that sense network faults and facilitate cross-domain coordination. 
This solution will significantly increase the IOPS throughput performance 
compared to Fibre Channel (FC) networks.
- Replacing FC with NoF+ significantly reduces data read and write latency 
within data centers. In addition, data can be transmitted without loss across 
data centers and over long distances thanks to the iLossless algorithm.
- This solution can help networks proactively sense link status and fast switch 
storage algorithms in order to reduce the impact of network jitter on financial 
transactions, and reduce link switching time from minutes to seconds in case of 
failed transmissions.

Dr. Margaret Hu, President of Marketing and Solution Sales, Huawei Global 
Digital Finance said, "We thank The Asian Banker for honoring us this 
significant award. Huawei will continue working with financial institutions and 
partners to conduct joint innovation and open collaboration. We will build 
innovative digital infrastructure that helps financial services grow and 
innovate. Our joint efforts will accelerate the financial industry's digital 
transformation."

To date, Huawei has served more than 2,000 financial customers in more than 60 
countries and regions around the world, including 49 of the world's Top 100 
banks. Learn more about Huawei's digital finance solutions:

https://e.huawei.com/en/solutions/industries/smart-finance

SOURCE  Huawei

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