HUAWEI
many years ,” says An Bohui , VP of Public Cloud , Huawei Cloud Middle East & Central Asia . “ Through innovation in infrastructure , application agility , and business intelligence , Huawei Cloud provides better options for global financial customers .”
This is clearly required . According to a report from McKinsey , only 30 % of banks that have undergone a digital transformation say it was a success . This is not unusual for any industry , but banks have particular traits that hold back their ambitions .
McKinsey identifies these as significant technical debt and a siloed and complex IT architecture . Complexity and lack of innovation are also cited as barriers .
Speaking at the Fintech Summit , senior executives outlined how Huawei Cloud can help traditional banks and fintechs achieve their goals when faced with these challenges .
Alex Zhao , General Manager of Global Finance for Huawei Public Cloud Business , unveiled GaussDB at Huawei Cloud Fintech Summit . Previously launched in Thailand , this was a regional first and included new features and upgrades .
GaussDB caters to the specific needs of the financial industry , utilising softwarehardware synergy and full-stack innovation to provide high availability , security , performance , elasticity , and AI-Native features .
Zhao outlined that GaussDB is easy to deploy and migrate , making it an ideal solution for the financial industry to quickly launch purpose-built services . The container platform allows customers to scale quickly
to handle growth and deal with peaks like a Black Friday ecommerce sale . This can help customers to scale 8,000 containers within 30 seconds , which can help improve efficiency – being able to scale quickly to meet demand .
Huawei Cloud can also provide all of the cloud-native infrastructure and services required by a digital bank . Digital banks have
94 January 2024