HUAWEI HAS provided five business solutions based on its business model to promote services rendered by financial institutions.
These include its mobile banking service which enables banks to build mobile channels and offer secured mobile financial services for customers; new core banking which provides instant services like savings and loans for customers in an efficient and cost effective manner; smart branch solution which leverages on cutting edge technologies like 5G, Wifi6 and AI to improve customer experience; and a new data lake platform and a new infrastructure architecture which promotes innovative development of businesses using the Huawei Cloud Platform.
Huawei’s new core banking solution is dedicated to helping banks in the implementation of digital transformation by equipping them to build a bi-modal architecture which migrates the traditional banking software architecture to an innovative one step by step.
Huawei’s cloud strategy is a hybrid technology which supports the provision of both on premise and public cloud services, making it much easier to connect Huawei’s cloud to the third parties’ cloud to meet the multi cloud strategy of customers.
Cloud, is indeed a very broad topic with many components and products.
Huawei alone has over 4,300 Private cloud customers and more than 1,000 Big Data customers.
As the leading ICT solutions and equipment provider, Huawei’s equipment are ranked amongst the top three products by third parties globally. For example, the Huawei server is ranked No.3 and their storage is ranked No.1 globally.
The company’s IT infrastructure products help in the sustainable and robust growth of economies.
From 2014 to 2019 the (CAGR) Compound Annual Growth Rate of their IT products has been 48.5%. Huawei also provides industry leading enterprise network products. Ranking third in the report, Huawei’s network platform for SDN jumped in the position of leadership.
The Huawei data centre switches ranked No. 2; Wi-Fi – 6 No. 1; Routers – No. 2; Campus Switches – No. 2; and Optical Transmission – No. 1, which has changed the dynamics, making more and more customers opt for Huawei.
In the Financial Services Industry, more than 1600 companies and 45 of the top 100 banks have chosen Huawei as their digital transformation partner.