How does changing business environment impose challenge for the financial sector?
Nowadays, information technology is critical for the delivery of services to customers and competitiveness in the financial industry. The globalization of financial business imposes further pressure to the challenges and tests on the capabilities of existing infrastructure.

Financial network is characterized by their heterogeneous environment, legacy systems and stringent service levels. However, the new business initiatives and stiff competition also put pressure on the financial industry to introduce new applications and services, such as Internet banking and global wealth management, to their network.

With its customer-oriented philosophy and support of open standards, Huawei-3Com is working with financial institutions around the world to modernize and rejuvenate their network infrastructure to cope with changing business requirements and models.

Why is interoperability critical for today's financial network solution?
For instance, Shinsei Bank in Japan turned to IP phone to reduce costs and enhance productivity. When Huawei-3Com took over the project, compatibility with IP phones from heterogeneous vendors became a key factor in protecting the existing investment while upgrading the network to accommodate demand from new applications.

Huawei-3Com delivers solutions with solid security, multi level resiliency, state-of-the-art technology, and most importantly, interoperability with different vendors' solutions. Huawei-3Com is an active player in international standardization organization to ensure its products orchestrate a solution with perfect harmony. Seamlessly integrated into the bank's infrastructure, Huawei-3Com's solutions exceeded all expectations and maximized the benefits of its network infrastructure.

How can financial institutions profit from a multi-service network with QoS?
To reduce cost and enhance efficiency, many financial institutions focus on building multi-service networks with robust QoS implementation. To meet new business requirements, IZB, a member of the EKONET group, which maintains the finance network in Germany, decided to upgrade their national network in Southern Germany to MPLS from legacy ATM core. Again, IZB partnered with Huawei-3Com to build a carrier grade multi service network with almost zero risk for traffic during the migration.

With this platform, the customers can replace expensive dedicated lines with MPLS VPN while multicasting to integrate voice, data and video traffic into a single platform, once again without compromising any parameters in security and compatibility.

The IZB project is a milestone by itself as it demonstrates that Huawei-3Com can meet the quality demand from German financial institution, one of the most stringent customers in the world.

Of course, Huawei-3Com is also engaged in the transformation of China's financial industry to meet the expectation of its customers. China is the most populous country in the world, where Huawei-3Com built the backbone for China Construction Bank, the second largest bank in the country with million of customers, to cope with its tremendous growth.