This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our privacy policy
The Bank of China provides an excellent reference case for the latest-generation of intelligent lossless storage networks.
By Reposted from e-Finance
From mobile payments and digital currency to online banking, digital technologies have reshaped everyday financial transactions. Fintech is a key driver of the digital transformation that's reshaping business models in the banking sector. New technologies like cloud computing, AI, big data, 5G, and blockchain present new vistas for banks going forward.
Back in 2018, BOC released the Technology-led Digital Development Strategy, placing digital technology at the top of its new strategic agenda. The purpose of the strategy was to build a digital bank that supports excellent user experience, a diverse ecosystem, online and offline collaboration, flexible product innovation, efficient operation management, and intelligent risk control.
The IT infrastructure underpinning fintech has become increasingly important. The demand for digital, personal services at the front end has grown considerably, as has the need for stronger computing power and higher stability and flexibility at the back end. Satisfying this demand entails restructuring financial IT infrastructure, including the deployment of an all-cloud, distributed architecture and mainframe offload.