Huawei hosts online event on Intelligent IP Infrastructure for banks
Event speakers were King Tsui, chief architect for Global Financial Industry of Huawei Enterprise Group and Henry Aguda, chief technology and operations officer and chief transformation officer of Union Bank of the Philippines (UnionBank). The conference was held amid the onset of new technologies such as 5G, Ai, IoT, and SuperAPP which have stimulated the innovation of new-generation “banking-on-everything” services, all seen to bring huge amount of data. In order to survive, banks need to implement fast connection and high-performance processing, and use AI technologies to flexibly build an All-Ethernet and intelligent-based cloud architecture. Huawei underscored how it can provide a scalable, high-performance, and low-latency intelligent network to help customers achieve service-driven digital transformation. Tsui highlighted the importance of an intelligent IP infrastructure, and how it can support the needs of financial institutions in the next decade. “Intelligent IP is the foundation for today and for the next 10 years. 5G is pretty much ready also to replace or upgrade any existing architecture. It’s a good time to keep moving forward,” Tsui said. Meanwhile, Aguda said that financial institutions are only as fast as their infrastructure and one key component of this infrastructure is the network. “In the Philippines, there are challenges in terms of having good internet connection and this is what we’ve partnered with Huawei to do,” Aguda said, adding that during the lockdown, around 260,000 new customers signed up with UnionBank’s digital app. UnionBank’s upgraded infrastructure also paved the way to launch game-changing products such as the retail bond system, AI for chatbots, and voice assistance.
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