Ping An Technology and Huawei Sign Intent-Driven Network Joint Innovation Agreement to Promote Finance Industry Digital Transformation

[Shenzhen, China, April 18, 2018] Today, at the Huawei Global Analyst Summit 2018, Huawei signed a joint innovation agreement with Ping An Technology, an industry-leading technology company. Through this cooperation, the two companies will leverage their advantages and work together to establish Intent-Driven Network joint innovation and promote the digital transformation of the finance industry. Huawei's Intent-Driven Network solution introduces Big Data and AI technologies into All-Cloud Networks. The solution is driven by business logic and service strategies of users, helping enterprises construct user experience-centric digital networks. It covers five main scenarios: enterprise campus, data centers, branch interconnection, WAN, and network security. Intent-Driven Network uses a more intelligent, simplified, ultra-broadband, secure, and open approach to bring the digital world to every person, every home, and every organization, building a fully connected, intelligent world.

William Fang (fourth from right), CTO of Ping An Technology and Zhong Kaisheng (sixth from left), President of Huawei Switch & Enterprise Gateway Product Line Sign Intent-Driven Network Joint Innovation Agreement

William Fang, CTO of Ping An Technology, expressed his eagerness for more in-depth cooperation between the two parties. He said, "Joint innovation is the key to overcoming future challenges. We hope to seize the opportunities presented by Internet Plus to improve the experience of Ping An's customers and promote the concepts of ‘Technology Drives Finance’ and ‘finance serves lives’. With the signing of this agreement, we have strengthened our cooperation with Huawei. In addition, we will leverage more diversified Intent-Driven Network joint innovation practices to accelerate the digital transformation of the finance industry and lay a solid foundation for implementing the business strategies for Ping An Cloud and our smart city services."

Zhong Kaisheng, President of Huawei Switch & Enterprise Gateway Product Line, said: "Ping An Technology is a leader and practitioner of technology in China. As such, we are delighted by this joint innovation between both parties in Intent-Driven Network. In combination with the extensive experience and advantages of Ping An Technology in ‘Technology + Internet’, our products and solutions will help them to build a more intelligent, simplified, ultra-broadband, secure, and open Intent-Driven Network."

At the press conference, the two parties also introduced the latest SD-WAN commercial use cases. Ping An has leveraged the Huawei SD-WAN intent-driven interconnection leased line solution to launch the first AI customer service in the industry. By matching information from biometric authentication technologies, such as face recognition and voiceprint, with Big Data, they can remotely verify customer identity information and achieve online all-in-one service processing. The introduction of the AI customer service thoroughly solves the pain points of traditional insurance services, such as slow authentication and claim settlement, greatly improving the insurance service experience for users.

Huawei enterprise network products and solutions have been widely used in more than 100 countries and regions, accelerating enterprises' digital transformation based on Smart Connection of Everything. To date, 197 of the Fortune Global 500 companies and 45 of the top 100 enterprises have partnered with Huawei in digital transformation.