-CIB FinTech and Huawei Jointly Win The Asian Banker Award for Best Data Infrastructure Implementation in China
SHENZHEN, China, July 31, 2023 /PRNewswire/ — At Future of Finance China 2023, the prestigious international financial magazine The Asian Banker announced the winners of its Financial Technology Awards this year. Industrial Digital Financial Services Co., Ltd. (CIB FinTech for short) and Huawei Technologies Co., Ltd. (Huawei for short) jointly won the Best Data Infrastructure Implementation in China in this category.
The financial industry is currently experiencing tremendous inflation regarding the vast amount of data it produces, and its value is rising with it. Financial institutions now need to obtain and use data in real time, which places increased requirements in terms of application, governance and data security.
Based on Huawei’s financial data intelligence solution that includes software and hardware products such as Kunpeng, Kylin, Huawei Cloud, and data lakehouse, CIB FinTech has created an all-scenario, enterprise-grade integrated analytics platform. As a self-service, real-time, intelligent data service technical foundation, the platform consists of data, scheduling, administration, and service sub-platforms. It replaces the original data storage system and functions as the new core of the group’s data services, improving data services from four aspects.
1. Strengthen core data capabilitiesBased on large-scale distributed computing architecture, the new analytics platform integrates batch data warehouse, real-time data warehouse and IoT data warehouse to achieve high scalability and availability. Increase the number of nodes by 12 times and expand the high availability footprint by 20 times.
2. Better enable data applications By building a low-code development platform, the group has created a complete process visualized data relationship graph. This significantly shortens the learning curve and simplifies building applications, which speeds up RD.
3. Refine data governance and control An accurate data map is drawn to accurately track data sources and assess data value. Through multidimensional data management, the group can create forward-thinking data management solutions.
4. Expand sharing of data capacity The group can give tenants access to data storage and computing capabilities, achieving an elastic offer, which allows their business departments to have an optimal experience in obtaining and using data.
The new platform has laid a solid technical foundation for Banco Industrial to better address the various businesses.
CIB FinTech and Huawei jointly rebuilt the enterprise-grade data platform. Building on a digital infrastructure that features self-service control, converged capabilities, and O
Huawei plunges into the data domain and remains committed to exploring new scenarios while collaborating with customers and partners to help financial institutions upgrade data and intelligence capabilities. By leveraging its fully converged cloud data AI computing financial data intelligence solution, Huawei accelerates the unlocking of data value and helps financial institutions to innovate in business.
For more information on Huawei Financial Data Intelligence Solution, please visit https://e.huawei.com/en/industries/finance/data-intelligence
CONTACT: hwebgcomms@huawei.com
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