Huawei Launches the SOCC Solution, Safeguarding Stable Transactions in the Financial Industry

SINGAPORE, July 25, 2022 /PRNewswire/ — Recently, at the Huawei Intelligent Finance Summit 2022, Huawei released the industry’s first Storage-Optical Connection Coordination (SOCC) solution. This solution leverages the advantages of storage devices and optical transmission products to prevent financial transaction failures caused by network jitter, ensuring stable and reliable financial transactions.

Dr. Margaret Hu, President of Marketing and Solution Sales, Global Digital Finance, Huawei, launched SOCC solution

The transaction link latency has a direct impact on customer experience. For this reason, financial regulatory authorities have exacting requirements on the transaction link latency and transaction success rate.

To reduce the impact of network jitter on financial transactions, Huawei’s SOCC solution enables direct handshakes through the SOCC channel between the industry-leading financial DCI optical transmission device OptiXtrans DC908 and all-flash storage OceanStor Dorado. In this solution, the optical network is used to detect link faults. When the link jitter exceeds the threshold, OptiXtrans DC908 notifies OceanStor Dorado to switch I/O channels within 2 seconds (down from the previous 120 seconds), greatly slashing the exception duration of financial transactions and ensuring zero financial transaction failure.

In addition, Huawei SOCC solution optimizes the optical link switching time from 50 ms to 5 ms to greatly reduce frame freezes of digital financial services caused by network faults. With innovative SOCC technology, Huawei optimizes the protection performance from the aspects of storage I/O links and optical links, thereby ensuring higher network reliability.

Huawei SOCC solution is designed for the financial industry to solve service loss caused by link switching and ensure the stable financial transactions. With leading innovative technologies and capabilities, Huawei will continue to build excellent products and solutions for the financial industry and enable green, digital, and smart finance.

About Huawei Intelligent Finance Summit

Huawei Intelligent Finance Summit (HiFS) is Huawei’s annual flagship event for the global financial industry. HiFS 2022 ran from July 20 to 22 in Singapore. With the theme of “Shaping Smarter, Greener Finance”, HiFS 2022 brought together leading figures, KOLs, academic experts, and innovative practitioners in the global financial industry to discuss how to shape green and digital finance in light of the future development trend of the financial industry. For more information, please visit: https://e.huawei.com/en/special_topic/Industry/finance/2022-finance-summit

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Stunning Quality, User Friendly – Toshiba TV Z770

HONG KONG, July 25, 2022 /PRNewswire/ — Premium in picture and sound quality with ultra-easy access, Toshiba TV’s Z770 showcases just how the master television craftsman is channeling its technological prowess into concrete design by bringing viewers even more brilliant viewing experiences. With an impressive 43% increase in volume delivered and a 43.7% uptick in sales, Z770 found strong signs of consumer approval in the second quarter of the year.

At the core of this television is the REGZA Engine 4K Pro, Z770’s flagship AI-powered engine that threads every pixel seamlessly into scenes with stunning picture quality – even for originally non-4K content. Combining real-time AI picture quality analysis and adjustment, the world-class engine with its deep neural-network accelerator is designed to deliver precisely the nuanced authenticity of every single image displayed.

Fronted by a pair of cinema-grade speakers, Z770’s audio system is an equally impressive feat. To deliver the most realistic impression of a pitch-perfect surround sound system, Toshiba TV’s REGZA Power Audio Pro+ constantly tunes the television’s sound wave, making certain that the audio output stays on point, clear and vibrant at all levels without cracking. And if that’s not enough, you can always choose to switch on Dolby Atmos or IMAX Enhanced mode. Designed to amplify the audio via precisely placed multi-channel speakers, they recreate every pitch in its full contextual originality, making your experience at home a more wholistic acoustic immersion rivaling that of a well-establish movie theater.

To add further subtle but significant qualitative improvements to the overall viewer experience, Z770’s far-field speech function gives you a wide range of access to the TV without having to click on the remote control; coupled with a voice recognition ability that responds swiftly and accurately to the familiar sounds of your voice, the television brings content from all over the world with an efficiency that safeguards your leisure like none other.

With a remarkable entourage of visual and audio features aided by easily accessible interactive designs Z770 is the perfect companion for immersing in the homely coziness of your leisure.

To find out more about the Z770 series and the brand’s latest products that deliver the most brilliant cinematic experiences, stay tuned to Toshiba TV on social media: Facebook, Instagram, Twitter, YouTube.

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Huawei & MuRong Jointly Release the Mobile Payment and Micro Finance Solution

SINGAPORE, July 25, 2022 /PRNewswire/ — During Huawei Intelligent Finance Summit 2022, Huawei and Murong jointly release the Mobile Payment and Micro Finance Solution. This solution reflects the leading technologies innovation for inclusive finance which makes inclusion possible to meet the opportunities and challenges of Financial Industry.

Digital transformation and innovation are developing rapidly. The opportunities and challenges coexist in the post-pandemic era, like cashless, cardless, contactless, etc. The number of mobile wallet users has grown rapidly. Mobile Payment market scale expect to increase to 1.3 Billon by 2023,  surpassing credit cards and cash with rapid adoption. The FinTech investments and innovation are increasing year by year.

In one word, the requirement to Mobile Finance and Micro Finance is becoming necessary to the people and connecting the diversified lifestyle.

Huawei and MuRong released this joint solution for Mobile Payment and Micro Finance to help banks to build a “1+4+7” end-to-end solution.

“1” means a Cloud-Native platform, which is provided by Huawei,

“4” demonstrates the 4 types of financial applications, which are Micro Saving, Micro Loan, Mobile Payment and Digital Marketing. These applications are operated on the MuRong Inclusive finance service platform,

“7” includes specific products, which are SuperAPP, Micro Saving, Micro Loan, Open Banking, Digital Payment, Digital Marketing and Digital Operating.

Besides, “N” likewise, banks can provide N kinds of financial scenarios, connect end users, and help merchants Acquiring customers, greatly enhancing the bank’s attractiveness to merchants.

It indicates that through this solution, Commercial bank, Payment Institution, Telecom Operator and Fintech Company can be connecting and jointly innovating to benefit each other accordingly.

Global Senior Consultant of MuRong Technology Solution Center, Han Yidong said, “MuRong is the global leading provider of digital financial IT solutions, we have cooperated with Huawei to integrate digital technology innovation to explore the markets of inclusive finance.”

“Looking back the journey of cooperation between Huawei and Murong, the concrete achievements have already been reached. Furthermore, the joint innovative solutions also is in progress, expecting more cooperation with MuRong to create new value together for our customer.” said Song Danping, President of Global Ecosystem Cooperation,Huawei Global Digital Finance.

Looking ahead, Huawei will continue to incubate the more finance solutions, by using innovative technologies and cooperating with partners, to accelerate more joint solutions for global financial customers to move towards Shaping Smarter and Greener Finance.

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Cyber insurtech BOXX Insurance supercharges leadership team with appointments from Paypal and Deloitte

TORONTO, July 25, 2022 /PRNewswire/ — Toronto-based global cyber insurance specialist BOXX Insurance today announced the appointment of Eric Newman as its Chief Operating Officer, and Steve Penney as Chief Technology Officer.

Eric Newman, Chief Operating Officer at BOXX Insurance

BOXX is modernizing cyber insurance and uses advanced technology to identify and address cyber threats proactively.

Newman will support the development of BOXX’s strategic growth agenda leading strategic planning, governance, legal and compliance functions. He will further strengthen BOXX’s leadership team as the company continues to scale globally.

“I am delighted to be joining the team at BOXX and am thrilled about the growth agenda ahead of us,” said Newman. “This is an incredibly exciting time for BOXX.”

Based in Palo Alto, Newman brings deep expertise in building and scaling innovative security and fraud prevention technologies. Prior to joining BOXX, Newman held leadership roles at both publicly held and private companies, including PayPal, Simility, RiskIQ, Pindrop, RSA Security, and Silvertail Systems.

Steve Penney, Chief Technology Officer at BOXX Insurance

As Chief Technology Officer, Penney will lead BOXX’s technology and data strategy, championing BOXX’s product-led growth and market expansion.

“The challenge to develop BOXX’s technology organization from the ground up, sitting at the junction between insurance, technology and data, delivering ground-breaking innovation is a fabulous opportunity one rarely gets,” said Penney.

Penney joins BOXX from Deloitte, where he led digital technology, commerce and transformation initiatives for many leading organizations. Prior to this, Penney led the Digital Transformation team at TELUS Communications, where he was responsible for the delivery, management and governance of TELUS’ digital consumer applications products and platforms.

“I am delighted to further strengthen our leadership team,” BOXX’s Co-founder and CEO, Vishal Kundi said. “As we gear up for the next phase of growth, I am excited to welcome Eric and Steve. They bring deep expertise and experience and their appointments underline our ability to attract talented individuals to our team.”

Boxx Insurance Logo
About BOXX Insurance

BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. BOXX Insurance Inc. is privately-held with headquarters in Toronto, Canada. BOXX’s vision is to help businesses, individuals and families stay ahead of, respond to and recover from cyber threats, putting their digital safety first. For further information, please visit www.boxxinsurance.com

Media contact: alex.tomaszewski@boxxinsurance.com

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Digital Innovation: Huawei Unveil MEGA digital Infrastructure Solutions

SINGAPORE, July 24, 2022 /PRNewswire/ — During the Huawei Intelligent Finance Summit 2022, Huawei proposed the Multi-domain collaborative, Efficient, Green, and Autonomous (MEGA) financial digital infrastructure, and unveiled solutions empowering digital transformation of financial industry.

MEGA infrastructure is a global trend for finance.

Riding on the megatrends of fully connected, fully intelligent, and all scenarios finance, digital innovation is the key competitiveness for business growth, operational resilience, and sustainability, which has also become the crucial engine of the global digital economy. The ultimate user digital experience and business innovations are accelerating digital transformation of the financial industry.

Dr. Margaret Hu, President of Marketing and Solution Sales, Global Digital Finance, Huawei, said: “For digital and intelligent transformation of finance, Huawei will work with partners to embrace challenges ahead, and help the financial sector build MEGA digital infrastructure.”

MEGA represents multi-domain collaborative, efficient, green, and autonomous. Huawei believes these directions of MEGA is important for financial digital infrastructure evolution in the new era. To build MEGA digital infrastructure, the computing power, storage, and connectivity will be reshaped to empower financial institutions achieve high-efficiency, high-availability, and high-performance services through in-depth Cloudification Collaboration, Cross domain Collaboration and Heterogeneous Collaboration.

Nicholas Ma, President of the Enterprise Business Group, Huawei Asia Pacific Region, Huawei, said: “To build the green, digital and intelligent finance, we can move faster together only with healthy and sustainable ecosystem collaboration. We plan to enhance the ecosystem collaboration with global partners to match the digital demands from financial industry based on our fundamental research capability, innovative solutions, technology platform and Huawei Cloud.”

Driving digital transformation with innovation, Huawei Unveil MEGA Infrastructure Solutions

Based on Huawei’s leading innovative technologies and capabilities, Huawei works with partners to develop innovative digital infrastructure solutions.

  • Industry’s first Storage-Optical Connection Coordination (SOCC): The combination of millisecond-level optical transmission link fault detection and fast storage switchover algorithm reduces the I/O link switchover from 120 seconds to 2 seconds when a transmission line is faulty, ensuring zero transaction failures and 24/7 online service for financial customers.
  • Multi-Domain Controller (MDC): Financial customers’ public clouds, private clouds, and traditional data centers are isolated from each other, which makes it difficult for multiple departments to collaborate on network O&M. The MDC solution implements network-wide simulation verification and one-click configuration delivery, reducing the network change efficiency from days to minutes.
  • Converged Storage Pool: To meet customers’ multi-environment requirements, all data from physical machines, VMs, containers, or public clouds, can be stored in one data resource pool and centrally managed using Huawei Data management engine (DME). This solution consolidates the data resources, improving the overall resource utilization from 40% to 70%, and lowering the TCO by 30%.
  • Guaranteed Data Protection: In antivirus and anti-ransomware scenarios, the firewall, all-flash production, and all-flash backup are combined to achieve integrated protection ranging from virus detection, prevention, and isolation to data recovery. The virus detection rate is increased from 99.5% to 99.9%, and the backup and recovery time is shortened by five times. This solution effectively prevents virus attacks such as ransomware and ensures financial service security.
  • Huawei works with Netis to jointly develop a service-level intelligent O&M solution for the financial industry, to address a series of IT O&M challenges.by this solution O&M of services, applications, clouds, data centers, networks, and devices can be visualized from end to end, covering all links.
  • Huawei & Tongdun jointly developed Intelligent Risk Decision: Combining Tongdun’s industry-leading decision-making engine, model management capabilities, and with Huawei Cloud, leading data & AI technologies, such as Hetu, DGC, Lakehouse, and GES. This solution helps financial customers improve decision-making efficiency by over 70% in scenarios such as anti-fraud and credit rating. The average response time in large-scale concurrency scenarios can reach less than 50 ms. In addition, hundreds of typical rules and models are built in, facilitating quick deployment and meeting service challenges.

To date, Huawei has served over 2,000 financial customers in more than 60 countries and regions, including 49 of the world’s top 100 banks.

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‫ تحتفل J&T Express بالذكرى السنوية الرابعة لتأسيسها في فيتنام

مدينة هو تشي منه، فيتنام، 25 يوليوز/تموز 2022 / PRNewswire / — تحتفل شركة J&T Express للخدمات اللوجستية العالمية بالذكرى السنوية الرابعة لتأسيسها في فيتنام اليوم، بمناسبة أربع سنوات من التوسع المكثف لشبكتها المحلية. في الوقت الحالي، توفر J&T Express تغطية على الصعيد الوطني من خلال شركاء الشبكة في أكثر من 1900 مستودع بريد سريع.

J&T Express Celebrates Its Fourth Anniversary in Vietnam

منذ إطلاقها في فيتنام في يوليوز/تموز 2018، سعت J&T Express إلى تكييف عروضها باستمرار لتلبية احتياجات السوق المحلية. من تقديم الخدمات العادية مثل J&T Standard Express و J&T Fast لتلبية احتياجات البريد والبريد السريع، قامت J&T بتوسيع منذ ذلك الحين خدماتها لتشمل عروض أوسع مثل J&T Super (التسليم السريع) و J&T Fresh (تسليم المنتجات الطازجة) و J&T International (الخدمات اللوجستية الدولية).

 على خلفية جائحة كوفيد، استجابت J&T Express بتقديم خدمات التسليم بدون تلامس لضمان الحد الأدنى من الاضطرابات في فيتنام وإرفاق “بطاقة طرد الأمان” بالطرود للإشارة إلى الحالة الصحية للساعي. في شهر غشت/آب الماضي، أطلقت J&T Express خدمة J&T Fresh في فيتنام لتقديم الدعم اللوجستي لاستهلاك المنتجات الزراعية في جميع أنحاء فيتنام خلال موسم الحصاد. وشمل ذلك دعم الحصاد، ونقل المنتجات، وتوجيه المزارعين في التعبئة، وتعليمهم كيفية تحميل منتجاتهم الزراعية على مواقع التجارة الإلكترونية. هذا مثال رائع على كيفية قيام J&T Express بالاستفادة من خبرتها العالمية لتلبية الاحتياجات المحلية لكل سوق.

تظل التكنولوجيا هي أساس عروض خدمات J&T Express . في وقت سابق من هذا العام، افتتحت J&T Express مركز الفرز Cu Chi في فيتنام – وهو منشأة تبلغ مساحتها حوالي 60 ألف متر مربع مزودة بأنظمة لوجستية ذكية عبر المعالجة والتخزين والتسليم. المركز مجهز بآلة فرز أوتوماتيكية عبر الحزام، والتي تتيح المسح الآلي للرموز الشريطية وفرز العبوات على أساس الوجهة. وهي مجهزة أيضًا بنظام DWS المتقدم ونظام الفرز الذكي المتكامل للعجلة الدوارة، مما يساعد على فرز الحزم تلقائيًا. مع المركز الجديد وتقنية الشركة المطورة، زادت قدرة المعالجة اليومية لشركة J&T Express بالفيتنام في النصف الأول من العام بنحو 4 مرات على أساس سنوي مع دقة فرز تزيد عن 99٪.

قال تشارلز هو، نائب رئيس مجموعة J&T Express ، “كانت فيتنام هي السوق الثانية التي دخلت J&T Express بعد تأسيسنا في إندونيسيا. أنا فخور جدًا بما حققناه في فيتنام في مثل هذا الوقت القصير. هذا دليل قوي على نجاح نموذج أعمالنا القابل للتكرار بشكل كبير والتزامنا بالاستمرار في تنمية كل سوق وإفادة المجتمعات المحلية التي نعمل فيها. اليوم، نمت J&T Express لتصبح شبكة تغطي 13 دولة في جميع أنحاء آسيا والشرق الأوسط وشمال أفريقيا وأمريكا اللاتينية، ولكن مهمتنا في أن نكون مزود خدمة سريع موجه نحو العملاء وقائم على الكفاءة لم تتغير أبدًا. “

قال فان بينه، مدير العلامة التجارية لشركة J&T Express بالفيتنام، “عندما ننظر إلى الوراء في رحلة J&T Express بالفيتنام على مدى السنوات الأربع الماضية، أشعر بالامتنان والتواضع على حد سواء للمدى الذي وصلت إليه J&T Express . بالنظر إلى المستقبل، أنا متحمس بنفس القدر للفرص المستقبلية لمواصلة تقديم أفضل الحلول القائمة على التكنولوجيا للعملاء والشركات التي تستفيد من شبكتنا العالمية المتوسعة. ما زلنا آملين ومتفائلين بشأن نمو الخدمات اللوجستية والتجارة الإلكترونية في فيتنام ونتطلع إلى المساهمة كلاعب رئيسي “.

نبذة عن شركة J&T Express

شركة J&T Express هي مزود عالمي للخدمات اللوجستية، وتحتفظ بشركات رائدة في مجال التوصيل السريع في جنوب شرق آسيا والصين، وهو السوق الأكبر والأسرع نموًا في العالم. تأسست شبكة J&T Express سنة 2015، وتمتد أعمالها إلى 13 دولة، بما في ذلك إندونيسيا وفيتنام وماليزيا والفلبين وتايلاند وكمبوديا وسنغافورة والصين والمملكة العربية السعودية والإمارات العربية المتحدة والمكسيك والبرازيل ومصر. وإذ تلتزم بمهمتها “الموجهة نحو العملاء والقائمة على الكفاءة”، تلتزم J&T Express بتزويد العملاء بحلول لوجستية متكاملة من خلال بنية أساسية ذكية وشبكة لوجستية رقمية، كجزء من استراتيجيتها العالمية لربط العالم بكفاءة أكبر وتحقيق فوائد لوجستية للجميع.

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