Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, July 27 2022 - 06:17
HSG and Huawei Jointly Released the Legacy Platform Migration Solution
SINGAPORE, July 26, 2022 /PRNewswire-Asianet/ --

Hi Sun Fintech Global (HSG) and Huawei officially announced the Legacy Platform 
Migration solution at the Huawei Intelligent Finance Summit 2022 under the 
theme of "Shaping Smarter, Greener Finance".

Based on Huawei Cloud, this solution adopts HSG technologies and tools to 
provide independent, innovative, intelligent, and economical legacy platform 
migration services, helping customers move from a closed mainframe environment 
to open cloud computing platforms. Moreover, it allows customers to fully 
inherit their business assets, greatly improve application scalability and 
integration capabilities, and quickly enhance the application requirement 
response and service innovation agility.

At the sub-forum with the theme of "Building a Trusted and Innovative Cloud for 
the Financial Industry", Sisi Yu, General Manager of HSG, shared the company's 
over 30 years of experience in the mainframe field based on current pain points 
in the global financial IT architecture. She presented the latest research 
achievements on cloud-native distributed architectures, and also discussed how 
to help customers build multi-platform and multi-technology solutions to 
provide better differentiated financial services for users.

Recently, the IT architecture of the global financial industry is undergoing 
tremendous changes and new technologies such as cloud computing, big data, 
blockchain, IoT, and AI are booming. The increasingly fierce cross-industry 
competition and complex customer requirements bring both big challenges and new 
opportunities to the financial sector. Mainframes used to have a dominant 
position in the industry because of the high availability and performance. 
However, the position is undermined by the high cost, closed technology, and 
inflexible architecture, as well as the emergence of cloud-native distributed 
technology. Financial institutions are exploring solutions for legacy platform 
migration to achieve independence, mitigate security risks, and reduce costs.

The Legacy Platform Migration solution jointly released by HSG and Huawei 
leverages open platforms, open-source technologies, and independent R&D to 
simplify application development. This helps customers improve the application 
development efficiency, linear system scalability, and comprehensive disaster 
recovery capability, achieving independent IT development.

Nicholas Ma, President of the APAC Enterprise Business Group, said, "Huawei can 
achieve shared success with our customers in building smarter and greener 
finance only through a healthy and sustainable ecosystem." Currently, HSG and 
Huawei have established a comprehensive partnership. In future, we will work 
together to bring greater value to the industry by accelerating digital 
transformation towards smarter and greener finance.


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   Caption: Sisi Yu, General Manager, HSG