Among the many commercial banks in China, China CITIC Bank Co., Ltd. (hereinafter referred to as " China CITIC Bank ") is a very distinctive one. Since 2009, China Merchants Bank has adhered to its position as a "small and medium-sized enterprise financial service provider" and has differentiated from the four major state-owned banks. China Merchants Bank's third-quarter 2018 performance showed that its small and micro enterprise loan customers increased by 67.05% compared with the beginning of the year.
Bank is one of the main battlefields for 's digital transformation to . In recent years, China CITIC Bank has also started the construction of digital banks, transforming to five major directions including mobile and Internetization, customer experience, data-driven, open ecology, and technological innovation. At the same time, China Merchants Bank is also actively opening up cooperation and introducing new technologies to support digital transformation and financial technology innovation.
In 2015, China CITIC Bank signed a strategic cooperation agreement with Huawei to conduct R&D-level research in the fields of security, network, storage, etc., and discuss the financial cloud construction model. Today, China CITIC Bank has achieved "dual-mode IT" operation, which not only ensures the safe and stable operation of traditional businesses, but also provides agile and flexible cloud resource services and high-availability services for emerging businesses.
On November 14, Huawei and China Construction Bank signed a cooperation agreement again in Shenzhen. The two parties will jointly build a joint innovation laboratory and carry out cooperative research and application practices in the application of information technology and communication technology in the financial industry, future technological trend research, etc., and focus on innovative cooperation in the fields of financial cloud, big data , AI, etc. through joint innovation laboratory and project team.
China Huaxia Bank Digital Transformation Road
China Huaxia Bank was established in 1992 and is one of the earliest national joint-stock commercial banks established in China. At present, China CITIC Bank has established 42 first-level branches and 61 second-level branches in 106 cities at or above the prefecture level across the country, with a total of 993 business outlets, making it one of the six national joint-stock commercial banks in China.
has many branches and its business focuses. Each branch of China Merchants Bank has to independently build IT infrastructure, resulting in complex operation and maintenance and long business system deployment cycles. From planning, procurement, development, online, and trial operation, the time span can reach 3 to 4 months.
With the development of financial technology and Internet financial services, especially the popularization of mobile payment technology, the new transaction peak and traditional business peak models have undergone great changes. For China Construction Bank, it is particularly important to quickly expand capacity, improve quality, efficiency, and improve operation and maintenance automation and intelligence.
Therefore, after signing a contract with Huawei in 2015, China CITIC Bank restructured the original system through solutions such as Huawei FusionSphere cloud platform, key business cloud storage FusionStorage and SDN, and built a software-defined financial cloud computing platform, while implementing "dual-mode IT".
Huaxia Bank Financial Cloud Platform has realized software-defined network, software-defined storage and software-defined computing, and has realized the service of basic resources of IaaS layer, forming a unified data center cloud platform, and is compatible with the original steady-state resource pool, realizing cloud network collaboration in the true sense and resource elastic supply.
In addition, China CITIC Bank classified small machines and physical machines as steady-state resource pools, and virtualized resources as sensitive resource pools, achieving unified resource management and rapid resource supply across data centers, improving resource utilization efficiency. Through a unified cloud management platform, one "brain" and multiple resources are realized, and a highly compatible, easy to expand, and easy to manage open IT architecture.
Thanks to the construction of the financial cloud platform, the online cycle of China Chuangye Banking business has been shortened by 70%, which has well supported the dual-wheel drive of China Chuangye Bank's "overall digital transformation and Internet banking platform innovation".
New cooperation, new technologies, new fields
In June 2017, the People's Bank of China issued the "13th Five-Year Plan for the Information Technology of China's Financial Industry", which clearly put forward the guiding ideology, basic principles, development goals, key tasks and guarantee measures for the information technology work in the "13th Five-Year Plan" of the financial industry, and put forward five key tasks, "Promoting the application of new technologies and promoting financial innovation and development" is one of them.
China CITIC Bank actively responded to the national call and launched the "financial technology development banking" strategy in 2017, with the vision of "smart finance and digital China", deepening Internet thinking, strengthening platform cooperation, innovating financial service models, and continuously improving business and service channels. Today, China CITIC Bank's new direct sales bank with Internet banking attributes has been launched, and has also launched a cross-bank fund management cloud platform and an Internet micro platform.
Nowadays, financial technology is booming, bringing profound changes to the traditional financial industry. In this new wave, China Merchants Bank has also adopted a series of measures to promote the real implementation of the financial technology development strategy and transform into a modern financial group. The introduction of new technologies such as cloud computing, big data, and artificial intelligence has become the "grabbing tool" for China Merchants Bank to implement its strategy. Against this background, China Merchants Bank and Huawei have launched a new round of cooperation.
According to Guan Wenjie, vice president of China CITIC Bank, and Hou Jinlong, president of Huawei IT product line, after the new contract, China CITIC Bank and Huawei will carry out in-depth cooperation on the following major topics:
First, further in-depth optimization of the functions of the financial cloud platform
0 The China CITIC Bank financial cloud platform based on Huawei private cloud has been put into production and used, and has achieved full automatic distribution of basic software and hardware resources, improving the efficiency of service delivery, and meeting the previous requirements in terms of availability. In the future, Huawei will help China Chuangye Bank further optimize the functions of the financial cloud platform in depth, which will help the platform to be applied and promoted more quickly and widely across the bank, and at the same time improve the overall utilization efficiency of the financial cloud platform.
Second, the new ecological big data architecture realizes big data service
Huaxia Bank will use Huawei ARM low-energy processor server to build a virtualized service big data platform. With the rapid development of financial innovation and the rapid development of information technology, the amount of data accumulated by commercial banks has increased by geometric multiples. The two parties will work together to cooperate on big data applications in the new architecture, which can be applied to customer marketing, risk management, IT management and real-time anti-fraud fields, and comprehensively improve China Merchants Bank's operating and service capabilities.
Third, explore artificial intelligence and realize efficient artificial intelligence services
"The 13th Five-Year Plan for the Information Technology of China's Financial Industry" proposes that the financial industry should "exploration and use artificial intelligence technology to promote innovation in customer service, business management, and financial supervision models, and promote the application of robot security guards."
China Merchants Bank is also actively exploring the innovative application of artificial intelligence in financial technology, and has now achieved initial results. For example, an online customer service system based on voice recognition and intelligent interaction technology has been established to achieve accurate analysis of customer behavior; biometric technology has been introduced to realize the implementation of face recognition, fingerprint login, and fingerprint transfer; an intelligent big data fault prediction platform has been created, etc., to realize the "prevention in advance, early detection in the process, and quick handling afterwards" of production problems.
Guan Wenjie, deputy president of China CITIC Bank, said that in the future, China CITIC Bank will continue to promote the application of artificial intelligence technology in China CITIC Bank with Huawei GPU server + AI fabric super fast Ethernet technology.
For unstructured data, Huawei GPU server can provide more powerful parallel computing capabilities than ordinary CPU servers. AI Fabric technology provides a network congestion scheduling algorithm, solving the key problems of AI distributed acceleration, making the average AI training time shorter by 40% compared with traditional networks, greatly accelerating the speed of artificial intelligence learning and training.
For China Construction Bank, in the field of artificial intelligence, computing power and network transmission ability are two technical issues that need to be given priority and solved. Huawei provides GPU server and AI fabric fast Ethernet, two technologies, provide high-performance, high-throughput, and high-reliability underlying basic platform for China Construction Bank's artificial intelligence research.
It is reported that in addition to the cooperation in the three major fields of financial cloud, big data, and artificial intelligence, China Merchants Bank and Huawei will also carry out in-depth cooperation in intelligent traffic control, smart branch networks, 5G and next-generation Internet technology in the application of banking.Hou Jinlong, president of Huawei IT Product Line, said: "Thanks to China Merchants Bank for its full support and trust to Huawei. The signing of this cooperation agreement marks a further deepening of previous strategic cooperation. Combining industry hot technologies, the actual needs of China Merchants Bank and Huawei's advantageous areas, we will jointly carry out a series of innovative research such as financial cloud operations, new ecological big data architecture, and secure and controllable artificial intelligence platform, so as to promote China Merchants Bank's future business development and digital transformation, and create a benchmark bank with distinctive characteristics, value growth and continuous innovation. I believe that our strategic cooperation will bring long-term value to both parties."
open cooperation, expanding the financial technology ecosystem
Fintech (Fintech) is bringing unprecedented changes to the traditional financial industry. In recent years, banks in China have launched financial technology strategies, either establishing technology companies or actively cooperating with financial technology companies to introduce cloud computing, big data, artificial intelligence and other technologies to promote the transformation and upgrading of traditional financial services.
The 2017 Global Retail Banking Report released by Boston Consulting pointed out that by 2020, smart changes can increase retail banks' net operating profit by 30%.
In this transformation in the financial industry, Huawei has provided the financial industry with its perfect solutions in infrastructure, private cloud, big data, artificial intelligence, etc., and accelerated the implementation of financial technology in traditional banks.
For example, at the infrastructure level, Huawei has a full range of products and solutions such as FusionServer server, Atlas intelligent computing platform (heterogeneous computing), converged storage, all-flash array, AI Fabric fast Ethernet solutions, FusionCube hyper-converged infrastructure, etc., providing strong computing power support for financial technology. Gartner data shows that in the second quarter of this year, Huawei servers ranked fourth in the world in shipments, among which the shipments of rack servers, blade servers, and four-way servers ranked first in China.
In terms of private cloud , Huawei has FusionCloud full-stack private cloud solution , which has been upgraded to version 6.5, and has greatly enhanced AI heterogeneous computing, enterprise intelligence and hybrid cloud capabilities. Today, FusionCloud has served more than 5,800 customers in 150 countries and regions around the world, covering multiple industries such as government and public utilities, operators, energy, finance, manufacturing, media, medical care, and education.
FusionSphere cloud operating system is the core component of Huawei FusionCloud full-stack private cloud solution, providing virtualization functions and automated resource pool management, rich cloud basic service components and tools, open architecture and API interfaces, etc. In 2017, FusionSphere ranked first in both the OpenStack software market in China and the server virtualization market in China.
In terms of distributed storage , Huawei's key business cloud storage FusionStorage can scale horizontally up to 4096 nodes, providing a delay of as low as 300 microseconds, and can meet the demands of fast IO responses in scenarios such as online financial production; combined with the unique fully distributed gateway-free "dual active" solution, it can provide 99.9999% solution-level reliability; it provides the industry's only asynchronous replication technology that supports second-level RPO (recovery point target), suitable for long-distance data protection scenarios.
In terms of big data , Huawei FusionInsight big data solution mines massive data for data-intensive financial industry analysis and discovers new value points. As of the end of 2017, half of the top 20 financial companies in China chose Huawei FusionInsight big data solutions, including ICBC, CCB, China Merchants Bank, Guotai Junan , Shanghai Stock Exchange, etc., which are used in real-time credit reporting, historical details query, precise marketing and other scenarios.
In terms of artificial intelligence , Huawei has full-stack full-scene AI solutions, including Ascend chips, chip enablement, training and inference frameworks and application enablement, covering public clouds, private clouds, various edge computing, IoT industry terminals, and consumer terminals. In the "financial + AI" scenario, Huawei's full-stack full-scene AI solution not only provides computing power for financial institutions, but also has a greater significance lies in its ability to promote the implementation of AI in more financial scenarios.
Today, Huawei’s digital banking solutions have been commercially available in more than 300 financial institutions, including 6 of the top 10 banks in the world. Entering the local mainstream financial customer system in Europe, Asia-Pacific, Russia and other regions, helping France's Fortune 500 financial institutions such as BPCE; in the Chinese market, Huawei has become a mainstream IT equipment supplier such as the four state-owned banks, China Development Bank, and Bank of Communications.
In the increasingly fierce tide of financial technology, Huawei is like a "all-rounder" who provides financial institutions with various new equipment. At the same time, it is actively joining financial institutions to play the role of "black soil" and jointly build an ecosystem for the transformation and upgrading of the financial industry.
So far, not only has China Merchants Bank, but also has carried out in-depth cooperation with traditional banks such as Industrial and Commercial Bank of China, China Merchants Bank , Minsheng Bank , etc., such as establishing a joint innovation laboratory with Minsheng Bank and a distributed database joint innovation laboratory with China Merchants Bank to expand the financial technology ecosystem and promote the implementation of financial technology.
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