Why Huawei Cloud?

Safer

A stable and prosperous ecosystem compliant with regulatory requirements and compatible with open source. With the help of Huawei Cloud, GLDB earned security compliance from MAS quickly. Huawei Cloud is interconnected with 50+ ecosystem partners quickly in an ecosystem compatible with open source.

Smarter

Excellent user experience driven by data and AI. Fast response to data read and analysis, quick approval of loans, and flexible, reliable, and convenient experience.

Faster

Product iteration accelerated by superior performance. The launch of new functions and products such as digital loans and supply chain finance is shortened from months to days.

Challenges
  1. 1. Compliance: To migrate services and data to the public cloud, GLDB must meet MAS's strict compliance requirements in the shortest possible time. This will both cater for business benefits and satisfy regulatory compliance.
  2. 2. Technologies: GLDB needs a flexible architecture and scalable cloud service resources to handle service surges and scalability requirements. Additionally, financial institutions have demand extremely high system reliability and availability.
  3. 3. Ecosystem: GLDB needs to maintain technological neutrality and prevent vendor lock-in from affecting the construction of a more open banking ecosystem. GLDB hopes that the cloud service provider can be compatible with open source. GLDB needs to establish an ecosystem cooperation with multiple suppliers in a short period of time. So, the cloud service provider needs to be able to quickly and effectively interconnect with multiple suppliers within a limited project period.
  4. 4. Services: Users and staff in China and Singapore need to frequently access the system without transferring data out of their respective countries. So, the cloud service provider needs to provide professional technical support in both Chinese and English in a timely manner.

Solutions

GLDB chose Huawei Cloud because of its extensive compliance experience, leading cloud native technologies,

history of sophisticated cooperation with ecosystem partners, and professional services.

  • Extensive experience in security compliance
  • Huawei Cloud provides standardized security compliance processes and tools to help customers meet compliance requirements. We provide platforms for compliance baselines, compliance solution packages, and compliance monitoring. Huawei's iceberg security system provides a series of security services, including cloud security services, automatic security systems, and full-lifecycle data management, as well as extensive security compliance experience. E2E HTTPS encryption is used for transmission to ensure data security. LandingZone is used for IT governance. Cloud Connect and Cloud Bastion Host are used to isolate servers for the second time. Identity and Access Management is used for identity authentication and avoids unauthorized access.

  • The high flexibility and superior performance of cloud native
  • ECSs and CCE/CCI containers can be provisioned quickly for cluster expansion. MapReduce, a big data platform, delivers higher data analysis performance. Databases such as RDS for MySQL and RDS for PostgreSQL provide three times higher performance than on premises in high concurrency scenarios. In addition to the primary node of each database instance, 5 read replicas are provided for faster read speed. Tier-3 data centers provide intra-city active-active and third-party backups. So, the failure of a single data center does not affect system availability.

  • A proven ecosystem for partner cooperation
  • The ecosystem is fully compatible with open-source community products, including OSs, databases, middleware, and big data platforms. For example, RDS for MySQL is 100% compatible with open-source MySQL. Huawei Cloud has extensive experience cooperating with mainstream ecosystem partners, which means less risk associated with a limited project period or major changes. For example, Temenos designed a digital core system based on Huawei Cloud.

  • 24/7 professional services
  • Huawei Cloud local teams offer 24/7 online support globally in both Chinese and English. Direct Connect and Cloud Connect enable global VPC interconnection for cross-boarder O&M for GLDB. The standard time needed for troubleshooting is as follows: general guide < 16 hours; core system breakdown < 15 minutes.

Customer Benefits

Benefits

Efficient and secure transactions

GLDB was certificated for security compliance by MAS quickly, making it the first digital bank in Singapore to launch services. When data is transferred across boarders, only network access points are provided and data is not flushed to disks. In this way, data in Singapore never leaves the country. Cloud Connect provides remote access for employees outside China while always maintaining the privilege of least principle.

Fast product rollout and excellent user experience

Agile development and high-performance R&D platforms allow for fast service iteration. For example, the time required for developing and rolling out new functions (for example, digital loans) is greatly reduced. Easy-to-use application features are provided on the GLDB digital banking platform so that users can easily apply for digital loans and the loans can be quickly approved online. This provides users with flexible, reliable, and convenient experience. A high-availability, high-reliability system provides financial-level protection for services and data.

A prosperous ecosystem compatible with open source

A future-oriented prosperous ecosystem compatible with open source and maintaining technological neutrality will be built to run in "digital core + omni-channel applications" mode. Current situation: Huawei Cloud has interconnected with more than 50 ecosystem partners and delivered a mature digital banking solution to GLDB in a very short time.

Efficient O&M

GLDB can enjoy cross-region, multi-language consistent service experience. GLDB can provide stable banking services in major activities, such as new product release.