The vanguard of digital transformation, how the financial industry uses technology to empower business | TVP Financial Exchange Conference

introduction

The financial industry is the vanguard in the wave of digital transformation. This industry has been constantly innovating for thousands of years, from bartering to banknote issuance to digital assets, what has been inherited to this day is the original intention of ensuring the safety of customers' assets and improving the efficiency of asset circulation. After entering the era of industrial Internet, what new opportunities has the development of financial technology ushered in? Now that data assets have become a new factor of production, how to protect information security and utilize data value legally and compliantly? Under the premise of self-control, how to improve the performance and stability of domestic technology products to meet business development needs?

To this end, Tencent Cloud TVP launched an exchange meeting on "Enabling Financial Digitization and Building a New Industry Ecosystem", inviting industry experts to work together to add fuel to the reform of the financial industry that has entered the deep-water area. The following is the content of this meeting.

Guo Qing, an expert in the field of financial technology and Tencent Cloud TVP industry ambassador, opened the event as the host. He said that since the "14th Five-Year Plan", the construction of "Digital China" has become an important goal. Its core can be understood as the organic combination of digital economy, digital life, and digital government. In terms of production, life, and governance methods, digital transformation continues to improve. change. In the field of digital economy, it includes three major footholds: new technology industry innovation, industrial digitization and digital industrialization. Among them, the pace of scientific and technological development in the financial industry continues to accelerate, and the level of informatization construction in the financial industry is already in the leading position in all walks of life. In order to help more companies enjoy the dividends from the wave of digital transformation, it is the original intention of this event to gather experts to share and communicate with each other. He also sincerely hopes that through such activities, more companies can benefit from it and truly achieve Empower financial digitization and build a new industry ecology.

Subsequently, Feng Cheng, deputy director of the Financial Technology Department of the Yunda Institute of the China Academy of Information and Communications Technology, brought financial digital content sharing to the audience. Teacher Feng Cheng pointed out that the current exploration in various fields of financial innovation has entered the deep-water area and the critical period. In the future, there are still many difficulties in the transformation of the core module that need to be overcome. Teacher Feng Cheng said that in the next stage, major financial institutions need to focus on the core business transformation at the system level and a series of operation and maintenance related issues brought about by the transformation of Xinchuang.

1. "New infrastructure, new connections, new services", Tencent's plan to help banks digitally transform

Ren Lei, Senior Expert of Tencent Cloud Smart Banking Solutions, brought a theme sharing entitled ""New Infrastructure, New Connection, New Service", Tencent Helps Bank Digital Transformation Solution".

At the beginning of the sharing, Teacher Ren Lei first introduced the massive users and complex scenarios that Tencent Group and Tencent Cloud have accumulated in the Internet industry over the years. It is also in the process of these developments and serving C-end users that Tencent has accumulated leading Cloud infrastructure and technical capabilities are open to customers from all walks of life in the era of the industrial Internet, helping the rapid expansion of businesses in various industries.

"New infrastructure, new connections, and new services are the perfect summary for the financial industry, combined with Tencent's deep technology accumulation and mature products, to provide overall solutions to empower the industry's development vision." Teacher Ren Lei said that this set of financial industry digital transformation The sharp weapon can be summarized as a 1+4+5 product architecture solution: as shown in the figure below, the bottom layer is an independent distributed cloud platform, including proprietary cloud and financial zone, database, blockchain, security and other technical foundations. The 4 large and middle platforms include business capability center, mobile service middle platform, data support middle platform, and AI intelligent middle platform. 1+4 forms a landing system for new infrastructure. On top of this, the five major business platforms of retail finance, industrial finance, open finance, asset management industry, and insurance industry have formed new connections and new service solutions. It has truly achieved the transformation from financial cloud infrastructure construction to financial technology, forming a system and empowering business.

Subsequently, Mr. Ren Lei introduced several star products in this plan in detail. The first is Tencent Private Cloud TCE, a full-stack solution based on the privatization of Tencent's proven public cloud technology. TCE has outstanding features, including: continuous cost optimization, which reduces IT costs by 80% compared with traditional architectures; provides industry editions, enterprise editions, big data editions, and agile editions for different scenarios; has a full stack The product also supports all the current mainstream localized operating systems and chips, and realizes the independent controllability of the self-developed cloud platform + underlying overall technology. At the same time, it is also continuously optimized and improved to reduce the number of supporting servers in the cloud base to meet the needs of small and medium-sized private clouds.

Then there is TDSQL, a family of domestic financial distributed database products. Among them, the MySQL version of TDSQL can be said to be the leading product with the highest maturity and the most benchmarking cases in domestic distributed databases. In addition to extreme high reliability, it also has powerful performance, supporting Tencent's internal 30 billion accounts of various types, and system performance support More than 5 million QPS; fully compatible with MySQL, low technology stack threshold, and fully open system. At the same time, it has complete automatic fault diagnosis, recovery, optimization and other operation and maintenance tools.

The third is Tencent Cloud's native PaaS platform TCS. Tencent Cloud TCS has the following leading features: extremely flexible, starting from a minimum of 1 node, and supporting multiple deployment forms of virtual machines and physical machines. Through a powerful orchestration engine, you can run any combination of PaaS/SaaS services; abstract the operation and maintenance application model to realize the reuse of operation and maintenance models, as well as cloud operation and maintenance; manage the business life cycle from the perspective of the application, replacing the traditional IaaS with Compared with traditional IaaS, the business delivery efficiency is increased by 100 times; it is equipped with a large number of PaaS and SaaS products of Tencent, including relational database TDSQL, microservice framework TSF, cache database CRedis, etc.

Others include Tencent's micro-service platform TSF, Tencent's security solutions, Tencent's small program open capabilities, AI applications based on artificial intelligence platforms and large-scale model capabilities to build financial industry AI applications, and other technical capabilities in the digitization of IT architecture. In addition, in terms of digitalization of business operations, there are also layouts and investments such as Zhixin Chain, enterprise WeChat SaaS marketing, virtual business hall, one-stop intelligent risk control solution Tencent Tianyu, and office digital solutions based on Qiwei + Tencent Document + Tencent Conference .

At the end of the sharing, Mr. Ren Lei made an in-depth analysis of the in-depth use practice and benefits of the above star products in business scenarios in the financial industry based on specific customer cases in the financial industry.

2. Reshape fintech productivity and empower business digital transformation

Li Xiaoping, deputy chief engineer of Bank of China Software Center, brought a theme sharing entitled "Reshaping Fintech Productivity, Empowering Business Digital Transformation".

In his sharing, Mr. Li Xiaoping pointed out that the key to promoting the transformation of financial technology structure lies in the implementation of digital business philosophy. Behind this involves agile response to changes in demand, requirements for extreme user experience, improvement of resource utilization, and internal requirements such as ensuring business continuity. For a typical large bank in the financial industry, it is necessary to do a good job in architectural planning, and to build a complete infrastructure in the second place. It is also necessary to take into account multiple considerations such as middleware and architectural models.

Teacher Li Xiaoping said that the overall idea of architecture transformation can be divided into three links: planning first, technology driving, and safety as the key link:

Adhere to planning first, and do a good job in strategic top-level design. Strengthen the construction of IT basic capabilities, and build an enterprise-level IT architecture that is business-centric, data-driven, technology-based, and security-based, shared and reused by the group. At the same time, it undertakes the national development strategy, and promotes the transformation of the new generation of infrastructure technology architecture with distributed architecture and independent controllable implementation.
Adhere to technology-driven, build the foundation of digital transformation architecture. With the goal of unitized high availability and high scalability, a highly scalable and high-performance micro-service architecture of domain-driven design is established to break the bottleneck of storage and computing power. "Standardization, service, and componentization" establish a unified and reusable enterprise-level underlying technology platform, improve the standardization of application architecture, technical architecture, data architecture, and security architecture, and build strong technical support capabilities to provide agile delivery and safe production. Operations are guaranteed.
Adhere to safety as the key link, and realize the upgrade of independent and controllable capabilities. With the goal of 100% self-controllable and open source technology replacement, we will independently develop a new generation of digital infrastructure, realize the self-controllability of deep technology, and build a financial security dam. During the construction process, deeply participate in the formulation of industry standards, steadily improve the ability of scientific and technological governance, enhance the right to speak in the field, and help implement the strategy of strengthening the country through financial technology.

Mr. Li Xiaoping introduced that the Bank of China currently adopts the IT basic environment of "four places, eight centers and multiple activities", which can support distributed and centralized architecture deployment at the same time, taking into account the construction goals of balanced layout, green intelligence, cost economy, safety and reliability. . In terms of unitized architecture, unitized deployment is used as the key basic design. Efficient use of cloud computing and multi-site elastic capabilities supports parallel processing of massive business transactions. In terms of the construction of the underlying technology platform, an independent and controllable platform system has also been created, and the support capability for the entire life cycle of distributed applications has been built.

In particular, Mr. Li Xiaoping pointed out that the implementation of enterprise-level unit architecture and the enterprise-level message center supporting multi-site and multi-active are two key mechanisms. He said that only reasonable planning can promote the promotion of new technology platforms. The overall strategy behind this can be summarized as: top-level planning, platform construction, application pilots, platform optimization, and large-scale promotion. He finally said that this solution has been running stably since it was launched, and has begun to empower internal businesses and facilitate the rapid implementation of digital transformation.

3. Digital finance, a new connection for ecological co-prosperity

Xing He, the person in charge of the Tencent Cloud Mini Program Platform, brought a theme sharing entitled "Digital Finance, New Connections for Ecological Co-prosperity".

In the opening session, Mr. Xing He shared the evolution of the Internet ecology with the participants. He pointed out that Tencent has made a correct layout from the portal to the App era, and thus accumulated a large amount of traffic entrances, forming a new era of commercial fields brand new connector.

In terms of the digital ecological construction of mobile finance, Mr. Xing He summed up the following three dilemmas:

Low R&D efficiency, long release cycle, and poor user experience;
Low user activity and connection obstacles;
The ecological integration ability is weak and it is difficult to open up.

He said that building ecological co-prosperity through standard tools is an ideal solution: support agile iteration and modular dynamic updates through standard tool capabilities; support rapid business migration, fission sharing and customer drainage; Build an ecology and achieve good business growth.

Teacher Xing He said that the embodiment of ecological co-prosperity is the emergence of super apps, and Tencent’s leading position in it is that it can "move" WeChat applets to its own apps through the mini program platform to create super apps.

Specifically, the core capabilities of Tencent Cloud Mini Program platform products include the following aspects:

One-time development and multi-terminal operation
Mini Program Development Tool
Mini Program Open Platform
Small program operation management platform
applet container
Mini Program Security

In terms of application scenarios, it can be achieved: using small programs as the fulcrum to expand business forms; unified management and unified operation; interoperability with WeChat, realizing account docking, and supporting functions such as payment and sharing. In addition, it also provides small program container SDK components, complete management background logic process, and supports one-click export of apps and other powerful functions to help enterprises develop more efficiently.

In terms of financial scenarios, Tencent has proposed a "1+N" contact financial digital matrix, which can be developed through WeChat applets, which can be published to WeChat or its own App, and can also be easily introduced into external applets. It satisfies both development and operation, provides comprehensive operation tools, supports the connection of external applets running to terminal accounts in the App, supports the overall security system of applets, and helps users and enterprises better expand the ability of innovative traffic.

Mr. Xing He said that the mini-program platform supports a new and open financial business. Based on the open ecology and open banking system of the mini-program, an open ecosystem is built around the company's own App, so that "you have me, and I have you" , Drive low-frequency financial scenes through high-frequency life scenes. The small program open ecosystem connects local characteristic scenarios including: Regional banks should go deep into the scenarios where CBG customers are, gain insight into customer needs, and provide comprehensive solutions as service providers. In addition, in terms of open banking, marketing, and platform economic development, the Mini Program also has a clear focus to help the development and implementation of the entire system.

Teacher Xing He finally concluded that the "decentralized" design will support the incubation of more super apps and create a new connection for ecological co-prosperity. And the product logic should be considered and constructed from the five dimensions of cost, management, security, analysis, and openness. He finally announced that the Tencent Cloud Mini Program Market, which is under construction, will bring more possibilities to the entire industry, and welcomes the industry to join in and share the prosperity of the ecosystem.

4. DBbrain helps financial database management to be intelligent

He Wei, head of Tencent Cloud Database DBbrain, shared the theme of "DBbrain Helps Intelligent Financial Database Management".

At the beginning of the sharing, Mr. He Wei introduced to the participants the status quo of many domestic banks and insurance companies actively exploring distributed database applications under the wave of localization of the financial industry. Among them, Tencent Cloud's domestic distributed database TDSQL is one of the leading database solutions. Tencent Cloud TDSQL has many advanced features such as financial-level high availability, strong data consistency, open architecture, and enterprise-level security.

Database applications in the financial industry are faced with the challenges of large data volume, numerous transactions, and difficult correlation analysis, and have extremely high requirements for stability, security, and performance. To help users cope with these challenges, Tencent Cloud has launched DBbrain Database Smart Manager, which provides users with database autonomous cloud services with functions such as database performance optimization, security, and management. DBbrain has 7*24 hours of real-time monitoring, real-time diagnosis, in-depth analysis, intelligent optimization and other functions. It uses machine learning, big data methods, and expert experience engines to quickly replicate the mature experience of senior database administrators, and convert a large number of traditional manual database operation and maintenance tasks Automation and intelligence.

Multiple versions of DBbrain serve different scenarios and needs of enterprises on and off the cloud. Effectively guarantee the security, stability and efficient operation of database services.

DBbrain is rich in functions and can meet the database operation and maintenance needs of users in multiple scenarios.

In the user's business development stage, DBbrain provides SQL visualization execution and performance optimization suggestion functions, and supports users to perform SQL tuning and optimization in business research and development. In the daily operation and maintenance phase of the database, through 7*24 hours of real-time detection, DBbrain uses nearly a hundred diagnostic solutions accumulated in the system to provide a wealth of abnormal consultations and deliver abnormalities to users in a timely manner. Through tools such as slow query analysis, space exploration, and trend monitoring, it meets the needs of users for all-round inspection of the database running status.

The observability of distributed databases has always been a difficult point in the industry. In the advanced analysis version, DBbrain provides the ability to analyze the entire link of distributed TDSQL, which can clearly observe and analyze the whole process of each database request from the business sending to the database execution and returning the result. Through business drill-down combined with Top N analysis, it helps users know the direction of optimization.

At the end of the sharing, Mr. He Wei introduced the technical architecture and innovative technology of DBbrain, and analyzed the business application and benefits of DBbrain in detail based on the actual production cases of two financial companies using DBbrain.

5. Intelligent content production drives new business growth in the financial industry

Yuan Zetan, head of Tencent Cloud Intelligent Creation Platform, brought a theme sharing titled "Intelligent content production drives new business growth in the financial industry".

Teacher Yuan Zetan pointed out in the opening session that with the vigorous development of short videos, the demand for video creation of enterprises continues to increase. However, in the process of landing, they often face pain points such as high content creation costs, strict content review security risk control, and content accumulation management, which restrict financial companies from using short video marketing to empower their businesses.

Based on this, Tencent Cloud has created a one-stop solution for AI video creation and content intelligent media asset management - the intelligent creation platform, which provides enterprises with powerful capabilities covering everything from underlying capabilities to product function matrix to content creation process.

Teacher Yuan Zetan said that the intelligent creation platform provides strong support for corporate customers entering every aspect of the short video track, including:

Video editing: a lightweight online editing tool, lowering the threshold for creation and increasing creative efficiency by 50%;
Intelligent multilingual subtitles: intelligently recognize voice content and convert it into text;
Text-to-speech: Hundreds of timbres are available to choose from, and it supports fine editing capabilities such as pause and speech rate adjustment;
Sapiens clips: Text + voice-driven intelligent generation of virtual Sapiens videos, digital avatars of account managers, and marketing assistants;
Template editing: creative template + card editing, complete a small marketing video in 1 minute;
Yunzhihui Poster: massive templates, intelligent tools, 3 steps to generate high-quality marketing posters;
Cloud live broadcast director station: no need to purchase hardware and low cost to realize the traditional broadcast director station capability;
Live editing: editing while live broadcasting, accelerating the secondary marketing of content and improving ROI;
Cloud Retweet Live Playback: Provide on-demand and live broadcast tools to build a live broadcast channel;
Video stripping: extract highlights from long videos and distribute them as material and short videos;
Image quality enhancement & old movie repair: improve video clarity, intelligent noise reduction to remove scratches and snowflakes;
Dynamic effect creation: support the creation of text templates, textures, and special effects for use in track editing;
AE template creation: import AE templates and use them directly on cloud clips;
Collaborative review: Multi-person multi-terminal online high-definition review, frame-by-frame annotation, clear communication of review opinions;
Intelligent review: machine review, human review, custom review, covering 200+ categories, comprehensively identify risk content;
Level-by-level approval of content: The approver of the customized review process checks each level to keep the final line of defense;
Release after review: Release directly after review to ensure consistent review and release;
Online preview, security settings: no need to download and upload repeatedly, online sharing and high-definition viewing, multiple security guarantees;
Brand customer acquisition: brand customization, content drainage, to help enterprises acquire customers accurately;
Data recovery: view the reading data of the content, and accurately screen the interested target users;
Multiple sharing modes: meet the needs of file sharing in different scenarios;
Cloud media resources: media assets upload, multi-terminal upload, content solicitation;
Team file sharing, media asset permission setting: Collaborate and securely manage media assets;
Content intelligent recognition: Efficient and accurate search for media materials.

Teacher Yuan Zetan said that the Tencent Cloud Intelligent Creation Platform is a standardized SaaS delivery method, which provides two access methods: SaaS delivery and SaaS SSO integration mode. industry, enterprise customers are welcome to try the experience.

epilogue

The financial industry is an important industry related to the national economy and the people's livelihood. It has a long history of thousands of years, but with the development of emerging technologies, it is rapidly realizing the historical process of digital transformation. The practice of exploring financial technology applications inspires more traditional industry. The material property of ordinary people is not the only wealth entrusted by the financial industry. Data assets and personal information are precious information wealth in the new era. Under the premise of fully ensuring the security of personal information, doing a good job in data mining and creating greater application scenarios and value is worth fighting for every practitioner.

From the first day of its establishment, TVP has been continuously deepening every industry, every scene, connecting every enterprise and individual, and contributing to the prosperity of the digital world. "Influence the world with technology" and let technology benefit everyone.