TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Summits
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Internet of Things

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Huawei Corporate News

Internet of Things

Standard Chartered and Huawei partner to develop internet of things solution to expand ecosystem lending

Via Huawei Corporate News

Oct 15, 2018

[Shanghai, China, Oct 15, 2018] Standard Chartered and Huawei have announced that they are developing an Internet of Things (IoT) powered solution that could revolutionise the way corporates communicate with banks for financing or payments. Rather than corporates having to manually initiate these transactions through paper-based or emailed instructions, corporates’ and banks systems will be able to ‘speak’ to each other in real-time, triggering financing or payment instructions through Application Programming Interfaces (APIs).

From left to right: Qiu Lei, Vice President of Marketing and Product Solution Sales, Huawei Enterprise Business Group, Huawei; Jerry Zhang, CEO, Standard Chartered China; Zhang Xiwei, President of Cloud Communications Product Line, Huawei; Michael Gorriz, Group CIO, Standard Chartered; Daniel Zhou, President of Enterprise Business Group, Southern Pacific, Huawei; Ye Jiwei, Head of Transaction Banking, Standard Chartered China.

The solution, unveiled during Huawei Connected 2018 in Shanghai last week, combines IoT and cloud capabilities so the bank will be able to track the movement of goods on a real-time basis, reducing operational risks and providing reliable data that can be used in financing decisions. Availability of real-time data enables straight-through processing for a wider class of use cases and can significantly reduce turn-around times, opening up possibilities for a broader range of financing solutions for manufacturers and their distributors.

The IoT solution uses Huawei’s OceanConnect, an open platform built on IoT, cloud computing, and Big Data technologies. With a cloud-based unified IoT device management capability as its core, it links up with connected devices and collects real-time data through a series of agents while providing user-friendly open APIs to application developers to design and orchestrate the business process.

Commenting on the partnership with Huawei, Dr Michael Gorriz, Group CIO of Standard Chartered said: “We are committed to delivering financial solutions to our clients across our diverse footprint and to bank businesses of all sizes. Technology can change the fundamental way we do banking. We found in Huawei a strong partner who shares our passion to transform the way we would like to support our clients and make banking seamless and effortless for them through the application of cutting-edge Internet of Things technology. We look forward to piloting the solution with clients and working with Huawei and other technology partners to explore new use cases.”

Qiu Lei, Vice President of Marketing and Product Solution Sales of Huawei Enterprise Business Group, said: “It is Huawei’s mission to help create a fully connected, intelligent world as more industries adopt IoT and embark on their digital transformation journey. In the face of the challenges within the journey, technology is often only part of the solution. Determination and vision are equally critical. We partner with Standard Chartered for their strong determination and great vision from the very top echelon of the company to support their clients when it comes to digital transformation.”

Standard Chartered has been actively working with tech companies to co-develop solutions to improve client experience and increase efficiency. Earlier this year, Standard Chartered set up SC Ventures, a business unit to catalyse intrapreneurship and innovation, invest in fintechs, and set up disruptive ventures. SC Studios, in Silicon Valley, allows them to connect with the latest technologies, tech companies, fintech and investor communities.

Related Topics
  • Announcement,
  • Asia-Pacific,
  • Finance & Banking,
  • Huawei,
  • IoT Services & Applications,
  • Telecoms Vendors & OEMs,
  • Tracker

More Like This

Access Evolution

IoT specialists are finding network security hard

Apr 19, 2021

Sustainability

IoT technology will save more than eight times the energy it consumes by 2030: Report

Apr 19, 2021

Access Evolution

Continuous profitable growth as S&T Group continues its IoT mission

Apr 15, 2021

Digital Platforms & Services

Satellite backhaul will be worth $25 billion by 2030

Apr 12, 2021

Access Evolution

HomeGrid Forum advances G.hn for industrial applications

Apr 12, 2021

This content extract was originally sourced from an external website (Huawei Corporate News) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

DSP Leaders World Forum 2021 Delegate Report

0:50

DSP Leaders Open Telco Summit

23:25

Extra Shot: Next Steps for DSPs

11:17

How cloud dynamics are reshaping the telecoms sector

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Summits
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
info@telecomtv.com
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices