"Financial Cloud" establishes a bridge for Taiwanese banks to enter Shanghai

China's first "financial cloud" is China Telecom Shanghai Company by operators and service providers jointly created. Under the birth of such a "financial cloud", Taiwan's first bank, which has important influence in the financial circle of Taiwan, has also opened its first branch in the mainland of China--the Shanghai branch will officially open.

"Financial Cloud" is China Telecom Shanghai Company specifically for the financial industry tailor-made data Center "cloud services", it broke the traditional financial enterprise data center of the respective construction, the mode of operation, small and medium-sized financial enterprises will be "on-demand, on-hand" delivery model to obtain cloud computing services, Save a lot of construction and operation management costs.

Taiwan's banking sector accelerated its march into the mainland after the two sides signed the Financial Regulation (MOU) and the Economic Cooperation Framework Agreement (ECFA). However, how to deploy the banking it core system, the bank is vexed: "Most of the mainland's large state-owned banks have their own funds to build information systems, and for Taiwanese banks, if a separate system, the need for a one-time investment in the data center." Even if you do not build the computer room, also pay the custody fee. In addition, the purchase of deployment software and hardware, such as one-time investment is very large, late operation and maintenance costs are very expensive. ”

After being informed of this information, China Telecom's Shanghai company, in collaboration with IBM, has customized a "financial cloud" for Taiwan's banks. China Telecom Shanghai Company senior Engineer Liu introduced, and the strength of large financial enterprises, small and medium-sized financial enterprises pay more attention to cost control, "such as Taiwan's first bank scale, if the core system, one-time hardware and software investment at least tens of millions." and renting the ' financial cloud ' service, only pay monthly fee per month, save cost at least 2/3. Moreover, the deployment of the entire system will be reduced from the original 4 months to 1 weeks. ”

"The International financial Center is the traditional view of building many skyscrapers and bringing together many international financial institutions, and it needs to be revised, at least not as the only planning idea for Shanghai to build an international financial center," said Wu charged, deputy dean of the College of Antai Economics and management at Jiaotong University. London, New York, Tokyo and other international financial center cities because of institutions gathered, the region has a high density of employment, the public infrastructure has brought great pressure, and high business costs, Shanghai vigorously build a comprehensive financial services platform based on information, to help solve these problems. ”

Weihua, general manager of China Telecom's Shanghai company, said: "During the ' Twelve-Five ' period, Shanghai Telecom will serve Shanghai International Financial Center by speeding up the construction of a highly reliable financial data center environment, high quality call Center service and high level of application." On this basis, the company will also rely on the Asia-Pacific information Hub Construction, the development of cloud applications in different industries, to create the next generation of green data cloud data center and open cloud service platform to lay the foundation. ”

It is understood that recently China Telecom Shanghai Company has signed a memorandum of cooperation with the municipal Financial Services Office. The two sides will jointly focus on the overall goal of international financial center construction during the "Twelve-Five" period in Shanghai. Through the cooperation of government and enterprises, we should promote the combination of finance and information technology, strengthen the construction of financial electronic information security Network, vigorously develop electronic finance, optimize the financial informatization infrastructure and application environment, and enhance the financial competitiveness of Shanghai in the global market.

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