Huawei ISP Summit Asia Pacific 2019 was held today at the Mulia Resort, Bali, Indonesia, gathered over 150 key industry players and analysts to exchange views on How the ISP industry could speed up infrastructure transformation so as to tackle the innovation challenges in Asia Pacific in the AI & 5G era. Most top ISP providers in the region such as Telin(Singapore), IndoKeppel(Indonesia), Tata Communications(India), and UCloud(China). The summit, in its fourth year, took the theme of “Leading New ICT, Accelerate Service Innovation with ISP”.
Asia Pacific Internet services are ushering into the digital and AI era featuring data explosion and multiplied innovation after going through the data silo era and the fully connected era. The dramatic surge in demand for digital resources, the low latency of massive data transmission, large bandwidth, and network traffic optimization have brought huge business challenges to ISPs.
To rise to these challenges, ISPs need more open, more flexible, more agile, and more secure Internet infrastructure to meet Asia-Pacific users’ new requirements for Internet application services such as data centres (DCs), e-commerce, social networking, gaming, online payments, and tours, especially the requirements of multinational business development and technical innovation.
IDC research shows that companies in Asia Pacific have paid more attention on the return of investment than before. They have further reduced traditional ICT spending and chosen more cloud-based spending on infrastructure, software and services. According to IDC predictions, by 2020, at least 55% of organizations in the Asia Pacific region (excludingJapan) will be digitally determined, transforming markets and re-imagining the future through new business models and digitally enabled products and services. By 2022, the spending of enterprises in the Asia Pacific region (excludingJapan) on managed cloud services will be increased to nearly US$18 billion, driven by the need to optimize ROI, reduce budget and cope with the scarcity of cloud experts in the region.
At the summit, industry players agreed that, benefiting from the Smart Nation strategy and strong infrastructure, Singapore will continuously lead the regional digital economy in the Asia-Pacific region, as long as it makes good use of its own capital advantages and invests more in submarine cables and data centres. Indonesia, the Philippines, and Malaysia were also highlighted for their huge potential as digital economies, albeit with pressing needs for more backbone network and data centres.
Huawei today unveiled a suite of new solutions to help Internet Service Providers (ISPs) revamp Internet infrastructure in Asia Pacific, as the region embarks on a drive towards Artificial Intelligence (AI) deployment and 5G connectivity.
These solutions will enable traditional ISPs to reshape their legacy Internet infrastructure into a more open, agile and secure model that can handle a cloud-driven economy. These solutions include the industry’s first-ever data centre switch with an embedded AI chip, the CloudEngine 16800, FusionServer 2298 V5, all-flash storage OceanStor Dorado 3000, and 600G DCI + OXC. The suite of new solutions from Huawei comes amidst industry consensus that traditional ISPs in Asia Pacific will find themselves in a fully cloud-driven era by 2020, with accelerating AI innovation and data explosion.
FiberStar, a nationwide infrastructure service provider in Indonesia, and Huawei signed a memorandum of understanding (MoU) during the summit. This MoU aims to explore potential collaboration in areas of Fixed Network, Data Centre. Both parties will collaborate to accelerate the internet infrastructure transformation in Indonesia. Huawei will contribute as a strong technology partner in network and data centre solution design and execution.
Daniel Zhou, President, South Pacific, Huawei Enterprise Business Group said, “The current state and pace of development of Internet infrastructure in Asia Pacific remains uneven, with great variations from country to country. Huawei’s aim is to capitalize on our global expertise and experience to work with the countries that could benefit from support to reshape their Internet infrastructure and networks, such as Indonesia, Malaysia, the Philippines, India and Thailand. At the same time, we are committed to tailoring solutions for more advanced digital development needs of countries such as Singapore.”
He continued, “Huawei is currently the most ideal partner in driving ISP transformation within the Asia Pacific region. As a reflection of ISPs’ confidence in our abilities, Huawei’s ISP business revenue in the Southern Pacific Region achieved a 112% growth in 2018, and we expect this to grow steadily in 2019. As the application of clouds in the Asia-Pacific Internet industry accelerates, Huawei will continue to provide leading and innovative solutions for ICT infrastructure such as clouds, DCs, and networks, helping customers build an open, flexible, agile, and secure infrastructure platform to accelerate business innovation and remain competitive in the digital age.”
Wing Kin Leung, CTO of Marketing and Solution Sales Department of Huawei Enterprise Business Group commented, “As a provider and innovator of cloud services and infrastructure, Huawei will meet the needs of customers for rapid service rollout, flexible release of resources, big data analytics, ultra-wide DC interconnection, and VR and ultra HD streaming services, helping ISPs complete rapid transformation. By unified cloud management, Huawei cloud DCs enable application acceleration, agile delivery, and energy efficiency.”
Most recently, Huawei has helped Indonesia’s famous ISP Biznet complete digital transformation. Biznet offers Internet services to Internet vendors engaged in online local specialty sales, Internet enterprises engaged in live streaming and HD videos online, and innovative enterprises that invest in local social media or sharing platforms. These companies benefit people in Indonesia, which will finally vigorously advance the development of the digital economy in the Asia Pacific region and greatly extend the scope of the digital world in these countries.
Currently, in over 700 cities around the world, 211 of Fortune Global 500 and 48 of Fortune Global 100 have selected Huawei as their partner for digital transformation. Huawei has provided solutions for more than 1,000 Internet companies and DC service providers in more than 50 countries, helping them cope with the pressure of operational restructuring and infrastructure and complete digital transformation.
At Huawei ISP Summit Asia Pacific 2019, the leading global ICT solutions provider launched four new solutions to help revamp Internet infrastructure in Asia Pacific, in support of the region’s push towards 5G connectivity and increased AI deployment. These comprise the following:
- CloudEngine 16800: It is the industry’s first DC switch with an embedded AI chip that uses the innovative iLossless algorithm. The switch implements global network auto-optimization capabilities of millions of flows and application-based queues in various scenarios. This ensures that the intelligent and lossless DC network can achieve the highest throughput while packet loss is prevented. The AI computing power has been increased from 50 percent to 100 percent It provides the industry’s highest density 48-port 400GE line card per slot and the industry’s largest 768-port 400GE switching capacity.
- FusionServer 2298 V5: It provides flexible and ultra-large local storage expansion capabilities while delivering excellent computing performance, helping reduce data storage costs. In a 2U chassis space, 2298 V5 supports 2 Intel® Xeon® Scalable processors, 12 DDR4 DIMMs, and 24 3.5” and 4 2.5” (up to 4 NVMe SSDs) hard drives for local storage. It incorporates patented technologies such as Dynamic Energy Management Technology (DEMT) and Fault Diagnosis & Management (FDM), and integrates Huawei’s eSight software for entire-lifecycle management, helping customers drive down operating expense (OPEX) and improve return on investment (ROI).
- OceanStor Dorado3000 V3: It leverages industry-leading FlashLink® technology to ensure stable performance even during peak hours The intelligent multi-protocol interface chip supports industry-leading 32 Gbit/s FC and 100GE front-end protocols, while Huawei’s intelligent Baseboard Management Controller (BMC) manages CPUs, memory, and other components in a unified manner to shorten fault recovery time from two hours to ten minutes. The OceanStor Dorado3000 V3 also adopts industry-leading inline deduplication and compression technologies to cut the costs of energy consumption, cooling, and management and maintenance, reducing overall OPEX by 65 percent.
- DCI + OXC: Based on the algorithm accumulation of Huawei-developed optical digital signal processor (oDSP) chips, Huawei combines channel-matched shaping (CMS) and optical-layer AI neuron technologies to build 600G commercial capabilities, realizing the maximum transmission capacity and distance in the real environment and achieving the best transmission performance in the industry. The OXC all-optical switching technology builds a simplified optical layer. The all-optical backplane supports 32-degree wavelength switching and high integration. With the application of One Direction One Unit (1D1U), one board integrates the functions of multiple boards, such as multiplexer/demultiplexer, OA, and optical supervisory boards. This greatly reduces the number of boards required and simplifies internal fiber connections. It enables one-click service provisioning and automatic hitless bandwidth adjustment, making the network more flexible and intelligent to adapt to rapid changes in cloud services.
Huawei also demonstrated new ICT solutions to help ease Internet Service Providers into a smoother transition from a current model of data centres, dark fiber and Internet Access Provider (IAP), to cloud services, cloud connectivity and Managed Service Provider (MSP).
- DC to Cloud Service: Huawei’s cloud DC network features elastic scalability, easy O&M, and agile deployment, and an energy-saving technical solution with modular design. In addition, visualized tools for business design help complete business computing, storage, network, and application resource allocation within 10 minutes. The innovative SDN is compatible with traditional network solutions and integrates software and hardware to reduce the configuration workload by 90%.
- Dark Fiber to Cloud connectivity: Huawei’s solutions include interconnection switching devices designed with innovative SDN architecture and Cloud Fiber. This enables ISPs to implement fast transmission, flexible scheduling, and fast migration of data on a wide area network (WAN), and build and support virtual bandwidth operation services.
- IAP to MSP: Huawei demonstrated its rich service access capabilities to help IAPs improve competitiveness in bandwidth acceleration and help identify new opportunities for MSPs and develop cloud-based WiFi management solutions for enterprise customers.
Credorax Partners With Cisco to Boost Payments Gateway to the Next Level
Today, Credorax announced that it has partnered with Cisco to upgrade its data-center network’s capabilities, capacity and latency. The agreement enables Credorax to adopt Cisco’s advanced data-center networking technology, including an automation, visibility and management system. Credorax has also agreed to beta-test Cisco’s advanced and future monitoring and management products.
Credorax’s system is already considered one of the fastest in the world with its cutting-edge high throughput, low latency, and multi-continent redundancy, and Cisco’s technology will allow Credorax to push the envelope even further in terms of decreasing transaction latency and increasing throughput. Cisco’s software solution for centralized management and monitoring of network components will play a significant role in Credorax’s solutions, simplify their roll-out of new products and reduce ongoing cost of ownership.
As a licensed merchant acquiring bank, Credorax helps merchants accept payments easily with its recently launched Source gateway. The platform offers telecom-grade (99.999%) availability for processing payments as well as a host of payments products and services, including cards and alternative payment methods, hosted payment pages, advanced KYC screening, smart fraud solutions, and sophisticated business intelligence and data tools.
Cisco is at the forefront in building the network platform that can now deliver a connected, autonomous, and programmable digital platform for Credorax customers.
Cisco-Israel General Manager, Oren Sagi said about the collaboration: “Cisco is committed to do its utmost to provide its customers with the most innovative technologies while maintaining uncompromising quality. We are excited to collaborate with Credorax and help them develop the fastest and most reliable payments gateway possible. I am confident that this project is the first milestone for a successful cooperation between the two companies.”
Moshe Selfin, Credorax CTO & COO stated: “We’re thrilled join forces with Cisco. We have always strived to provide best-class service to our customers, and are confident that by incorporating Cisco’s network platform for data capacity and processing speed into our NextGen payments and acquiring platform, we are offering our merchants the best technology on the market.”
In an era of demanding customers and changing expectations, e-commerce merchants simply can’t survive without the best-in-class cross-border payments processing capabilities. Being both a technology company and an acquiring bank, Credorax has built a full suite of NextGen products and services to help merchants grow their business online. And now with Cisco’s support, Credorax has augmented its offering even further.
MetricStream Wins “GRC Product of the Year” at the 2019 Risk Technology Awards Hosted by Risk.net
MetricStream, a market leader in governance, risk, and compliance (GRC) apps and solutions, announced today that its Enterprise GRC Solution has been awarded the “GRC product of the year” at the 2019 Risk Technology Awards, hosted by Risk.net.
“We’re honored to win this award,” said Gaurav Kapoor, Chief Operating Officer, MetricStream. “We believe that it validates the strength, breadth, and depth of our GRC/IRM offerings, as well as our focus on continuous innovation—reflected most prominently in our GRC cloud, advances in predictive analytics, automation, and AI. Our mission is to enable organizations to ‘Perform with Integrity’. To that end, we’re deeply committed to forging long-term partnerships with our customers and supporting them throughout their integrated GRC journeys.”
The annual Risk.net awards recognize the need for innovative technology solutions to manage risk in a highly dynamic and complex business environment. The average financial services firm faces a plethora of risks, ranging from cyber threats and regulatory pressures, to fintech related disruptions and money laundering issues. As these risks grow more interconnected, siloed approaches to GRC are rapidly giving way to more integrated solutions.
The MetricStream Enterprise GRC platform provides a single, unified system to manage, coordinate, and track multiple types of GRC activities. The solution cuts across organizational silos, enabling a holistic and collaborative approach to GRC. Users can efficiently roll up operational risk, audit, compliance, Cyber and third-party risk information from across the enterprise, and transform it into actionable business intelligence to support decision-making. With support for mobility, real-time reporting, advanced risk analytics, and regulatory notifications, the MetricStream solution helps users manage complex risk requirements in an efficient manner.
Top industry analysts have consistently recognized MetricStream as a leader in GRC/IRM. The company’s wide range of solutions and underlying GRC platform are leveraged by leading financial services firms worldwide, including large global banks, mid-sized banks, private equity investors, investment banks, wealth managers, insurance firms, asset management companies, federal financial agencies, and clearing corporations.
MPOWER Financing rated Top international student lender by Nerdwallet and U.S. News
MPOWER Financing, a mission-driven fintech that provides financial access to higher education for high-promise international and DACA students, was recognized by both Nerdwallet and U.S. News & World Report as the top student loan provider for international students.
Nerdwallet, a comparison website for personal finance products, awarded MPOWER a 5-star rating for its student loans, indicating that its products are “among the very best for consumer-friendly features.” Nerdwallet also commended MPOWER for offering loans that are “ideal for international and DACA students without a co-signer or U.S. credit history.” MPOWER’s loans are available to students from around the world for both graduate and undergraduate degrees at more than 350 top universities in the U.S.and Canada.
U.S. News & World Report recognized MPOWER Financing as the “best lender for international students.” This determination was made on the basis of MPOWER’s product offerings, cost, customer servicing ratings, eligibility, and other features. U.S. News also detailed that MPOWER’s underwriting process considers a student’s academic success and career path – a process that is enabled by MPOWER’s use of big data analytics and artificial intelligence.
“I was having a tough time obtaining education loans from India without collateral,” wrote Kaushik Krishnan, one of MPOWER’s early students. “MPOWER was truly life changing for me. I’ve since graduated from my Masters program, found a job, and paid off my loan.”
“MPOWER allowed me to achieve my dream,” said Sol Bee, a South Korean student. “I was admitted to Berkeley in Fall 2016, but I couldn’t afford it at the time. MPOWER empowered me to be who I wanted to be by allowing me to take control of my finances and my life.”
“We’re honored by the industry recognition we’ve received, and the hundreds of heartfelt stories we get from students whom we have the privilege to serve,” says Manu Smadja, Co-founder and CEO of MPOWER. “We’re working hard to further improve our customer experience and to remain the best international student lending product on the market.”
MPOWER Financing, headquartered in Washington, D.C., and with offices in Bengaluru, New York City, and Toronto, is a mission-driven fintech company and provider of global educational loans. It is the only student lender in the world that leverages both overseas and domestic credit data, as well as future earning potential, to serve high-promise international and DACA students. MPOWER Financing works with over 350 top universities and colleges across the U.S. and Canada to provide financing to students from over 200 countries. Since 2014, it has received over $1B in loan application volume on its platform. MPOWER Financing helps students build their credit histories and provides them with personal finance education and career support to help prepare for life after school. The team is backed by Zephyr Management, Goal Structured Solutions, Gray Matters Capital, Lloyd Crescendo Advisors, 1776, Village Capital, Potentia, Breega, VARIV, DreamIt, Fresco, Chilango, Common Sense Fund, K Street, and University Ventures.
SOURCE MPOWER Financing
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