Chinese tech giant Huawei (News - Alert) has released a new cloud solution designed to support financial institutions that are rebuilding digital architecture.

The China Banking Association’s Industry Service Report 2020 discovered that contactless transactions reached 370 billion last year, clearly demonstrating that financial services are shifting into the digital space. The latest solution from Huawei attempts to address the astronomical rise in internet finance, by providing services that create reliable and quick transactions for financial institutions looking to capitalize on customer’s preferences for online availability.

"Huawei's Financial Cloud-Network Solution lays the cornerstone of connectivity for financial institutions who prefer 'stable + agile' infrastructures to inspire their business innovations," said Kevin Hu, President of Huawei's Data Communication Product Line. "This future-proof solution accelerates the provisioning of numerous innovative financial services, delivers diversified and personalized network experience, and boosts O&M efficiency and automation, paving the way toward intelligent finance."

The Financial Cloud-Network Solution consists of four key features to support streamlined financial activity, which include Financial Data Center Network (DCN), Financial Wide Area Network (WAN),Financial Campus Network, and Zero-trust Financial Network Security. Huawei developers hope that by providing these infrastructural upgrades, financial institutions can not only speed up operations, but open the doors to new improvement opportunities using cutting edge tech like automation and artificial intelligence.