SHANGHAI, Sept. 20, 2024 /PRNewswire/ -- FinVolution and Huawei Cloud co-hosted a global fintech workshop at FinVolution's Shanghai headquarters on September 18. The event brought together representatives from financial institutions and fintech companies across Africa and Latin America.
As part of the Huawei Cloud Spark Discovery Forum, attendees joined FinVolution to explore China's evolving credit technology landscape and the industry's globalization trends. Participants gained insights into FinVolution's international expansion and engaged in discussions with the company's senior executives and business teams.
Xiaodong Sun, Senior Vice President of FinVolution, presented on the development and future trends of China's credit technology industry. He highlighted, "China's CreditTech industry has become a global leader in innovation. Over the past decade, exponential growth has been driven by the increasing digitalization of financial services and the rising demand for personalized, data-driven credit solutions. The sector now plays a pivotal role in providing comprehensive, accessible credit services to underserved communities, while equipping financial institutions with cutting-edge technology."
Richard Ding, Senior Strategy Director at FinVolution, shared the company's progress in international strategic expansion. FinVolution has built leading fintech platforms in Indonesia and the Philippines, and through its intelligent voice robot SaaS platform, BLU AI, the company has extended technology services to Latin America and Africa.
At the workshop, FinVolution showcased BLU AI, its overseas intelligent voice robot. Leveraging AI and big data, BLU offers precise multilingual speech recognition, natural language understanding, and outbound call services, enhancing workflow efficiency and service quality for FinVolution's platforms and overseas clients. Currently, BLU AI supports nearly 40 fintech platforms across seven countries in Asia, Latin America, and Africa, with a speech recognition accuracy rate exceeding 95%, supporting Chinese, English, Spanish, Indonesian, and Tagalog.
During the Q&A session, global industry peers expressed great interest in FinVolution's international business practices. FinVolution's representatives shared practical insights on achieving deep localization in multiple countries and the impact of tailored technology solutions.
As of Q2 2024, FinVolution had served 5.6 million overseas users, with its international business contributing nearly 20% to the company's total revenue, solidifying its position as the company's second growth driver.
Recently, FinVolution was named "LendTech of the Year" at the Asia FinTech Awards, further underscoring its success in advancing digital financial inclusion and expanding its influence in the Asia-Pacific market.
About FinVolution Group
FinVolution Group is a leading fintech company that connects millions of consumers as well as small-sized enterprises with financial institutions.
Founded in 2007 and listed on the New York Stock Exchange in 2017, we have been at the forefront of the pan-Asian credit technology industry, pioneering innovative technologies in credit risk assessment, fraud detection, big data, and artificial intelligence. With a proven track record of robust growth in pan-Asian countries, we have established leading fintech platforms in China, Indonesia, and the Philippines.
For more information, please visit: en.finvgroup.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
FinVolution and Huawei Cloud Host Global FinTech Workshop, Spotlighting Globalization Trends
Enhancing Data Center Efficiency in the AI Era
WUHAN, China, Sept. 20, 2024 /PRNewswire/ -- Over the past two decades, the rapid growth in the number of Internet users and connected devices has dramatically boosted traffic to global cloud platforms and enterprise data centres. This surge has positioned data centres at the forefront of technological innovation. In recent years, the widespread adoption of AI technology has prompted data centres to evolve toward more efficient computing. As a result, data centre operators worldwide are striving to develop faster, denser, more cost-effective, and more energy-efficient infrastructures.
In the field of short-haul optical communications for data centers, transmission solutions using vertical cavity surface emitting lasers (VCSELs) and multimode fibres (MMFs) are favored for their cost-effectiveness. For 25 Gbaud transmission, OM3 and OM4 fibres have become the dominant choice for link coverage ranging from 70 to 100 meters. However, as data centers transition to higher transmission speeds, the industry is shifting towards the use of 100G/Lane VCSEL transceivers. This shift has introduced new challenges for fibre, the medium for data transmission. Issues such as the central wavelength drift of the light source and bandwidth limitations of traditional OM4 fibre at 850nm or longer wavelengths may lead to a reduction in link transmission distance.
To address these challenges, Yangtze Optical Fibre and Cable Joint Stock Limited Company (hereinafter referred to as "YOFC") has leveraged its deep technical expertise in MMFs to design the high-performance MaxBand® OM4 Pro/Ultra series of MMFs, specifically tailored for 100G/Lane optical transceivers. These new fibre products enhance the transmission efficiency of data centers.
YOFC's MaxBand® OM4 Pro/Ultra series of MMFs are fully compatible with existing OM4 and OM5 fibre optic standards, as well as systems based on these standards.
Traditional OM4 fibre provides high bandwidth at 850nm but is limited in bandwidth for longer wavelengths with a narrow operating window. By expanding the operating window to 850~870nm, YOFC's MaxBand® OM4 Pro fibre effectively compensates for signal degradation resulting from wavelength shifts in optical modules. This ensures high-quality signal transmission, reduces connectivity costs for AI data centers, and enables a seamless upgrade for data center multimode connectivity solutions to 400G, 800G, and higher speeds.
OM4 Ultra fibre extends the operating window to 910nm, achieving dual operating windows of 850~870nm and 910nm. This innovative design supports 400Gb/s, 800Gb/s, and 1.6Tb/s single-wavelength and dual-wavelength transmission systems. Utilizing wavelength division multiplexing (WDM) technology, it enables high-speed transmission through fewer fibres, paving the way for potential upgrades to 1.6Tb/s in data centers.
YOFC MaxBand® OM5 fibre provides comprehensive high bandwidth in the 850~950nm wavelength range. It supports BiDi or SWDM multi-wavelength transmission systems from 40Gb/s to 1.6Tb/s, offering a robust fibre foundation for future SWDM transmission solutions of 1.6Tb/s and above.
With the advancement of data center technology, YOFC's MMFs have evolved from single-window to wide-window, dual-window, and multi-window solutions, offering comprehensive fibre options to customers. These innovative fibre products not only fulfill the demand for higher-speed networks but also ensure backward compatibility, facilitating seamless integration with existing technologies. By providing new fibre optic solutions, YOFC supports the green and low-carbon development of large-scale data centers in the age of AI, driving data centers toward a more efficient and environmentally friendly future.
As a global leader in optical communications, YOFC has been deeply committed to innovation in MMFs for many years. Their MMF products are widely used around the world, earning the trust and praise of numerous customers. With these groundbreaking solutions, YOFC is dedicated to satisfying the growing demand for data transmission with enhanced efficiency and reliability. In doing so, the company is facilitating the growth of data centers in the AI era and beyond by addressing their need for higher speeds.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
YOFC Unveils MaxBand® OM4 Pro/Ultra Series of Multimode Fibres
YOFC Unveils MaxBand® OM4 Pro/Ultra Series of Multimode Fibres
YOFC Unveils MaxBand® OM4 Pro/Ultra Series of Multimode Fibres
YOFC Unveils MaxBand® OM4 Pro/Ultra Series of Multimode Fibres
