LAS VEGAS, Oct. 31, 2024 /PRNewswire/ -- PhotonPay, an innovative digital infrastructure service provider, debuted at Money20/20 USA 2024, the leading global fintech event held in Las Vegas, October 27-30, connecting innovative thinkers from the payment, fintech, and financial services industries to explore the latest trends, technologies, and strategies that are shaping the future of fintech and financial services.
Money20/20 USA 2024 gathered over 3500+ enterprises, 500 speakers and more than 250 sessions. Under the theme of "Human X Machine", the event explored the evolving relationship between AI and financial with a particular focus on how partnerships between key players in fintech and financial services are driving innovation in the industry.
At the event, PhotonPay showcased how its cutting-edge global payment solutions are transforming enterprise payments and engaging with industry leaders to discuss the latest trends and advancements in financial technology. The company's core products, including Global Accounts, Card Issuing, Online Payments, Payouts, FX Management, and Embedded Finance, were highlighted for their ability to provide secure, efficient, and cost-effective solutions for enterprises worldwide. By simplifying complex global payments and offering tailored solutions, PhotonPay empowers businesses of all sizes to thrive in global markets, from streamlining global payments to improving liquidity management.
As a fintech card issuer for the Greater China region of the Discover® Global Network, PhotonPay is committed to strengthening its partnerships with financial institutions and technology leaders to further strengthen its capacity to deliver secure and reliable payment solutions.
Since PhotonPay was founded, it has always put the safety of customers' funds in the first place, serving more than 200,000 enterprises of different sizes from all over the world, applying and obtaining payment licenses or permits from Hong Kong SAR, the United States, Canada, the United Kingdom and other countries, and collaborating with top-tier banks and global financial institutions to continuously build innovative products and services.
Capitalizing on the new opportunities brought about by digital globalization, PhotonPay remains committed to building innovative digital infrastructure. PhotonPay will continue to explore more potential partnerships to shape the future of fintech and drive global financial ecosystem development.
About PhotonPay
Founded in 2015, PhotonPay is a digital financial infrastructure providing global cash management services to businesses. Our innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance.
With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale.
Headquarters in Hong Kong and providing localized services through eight international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serving more than 200,000 enterprises globally.
www.photonpay.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
PhotonPay at Money20/20 USA 2024: Driving the Future of Global Payments
ISTANBUL, Nov. 1, 2024 /PRNewswire/ -- At the 10th Ultra-Broadband Forum (UBBF 2024), David Wang, Huawei's Executive Director of the Board and Chairman of the ICT Infrastructure Managing Board, delivered a keynote speech titled "UBB Advanced Paves the Way to All Intelligence". When opening the event, he shared his latest insights into the AI industry and elaborated on Huawei's All Intelligence strategy. He also proposed a new direction for the synergistic development of UBB and AI to help the industry reach the intelligent world faster – technological innovation and business incubation.
The Fourth Industrial Revolution has been progressing rapidly thanks to AI, with AI becoming a major driver of global economic growth. Widespread commercial use of AI is accelerating, and new applications for personal use, enterprise efficiency, and smart homes are disrupting multiple markets. It is also driving communications network upgrades, in terms of capacity, latency, and architecture.
In his speech, Wang noted, "Huawei has continued innovating by focusing on two areas: UBB for AI and AI for UBB. The innovation we are doing under UBB for AI is based on ultra-large bandwidth, deterministic low latency, and network architecture. The network capability improvements we've achieved support higher quality AI development which will help carriers achieve business growth. This innovation also focuses on AI for UBB. We are applying AI to networks to improve network experience, to speed up service provisioning, and to streamline network O&M. This helps carriers build highly autonomous networks."
Last year, Huawei released its All Intelligence Strategy to, "show how to connect all things, model all applications, and compute all decisions." Huawei offers leading digital and intelligent infrastructure that provides computing, storage, and transmission power for industry. Huawei is also using its Pangu Models to create advanced industry-specific models, with the aim of supporting a vast range of models and applications, and helping customers from different industries pursue intelligent transformation.
Within the telecom industry, Huawei offers leading AI solutions, which must be supported by transmission power. As critical infrastructure, UBB networks provide this kind of power to help other industries go digital and intelligent more easily. To this end, Huawei advocates two development paths for UBB networks: "UBB for AI" and "AI for UBB".
UBB for AI: high-quality AI development
UBB 5.5G incorporates technological innovation at multiple network layers to support AI requirements.
For data center networks (DCNs), Huawei offers a Dragonfly+ Topology architecture and new DC-OXC technologies that help build large-scale computing centers.
For data center interconnect (DCI) networks, Huawei uses a number of innovative technologies like 800G IP + Optical networking, flexible IP service-flow level scheduling, and lossless transmission to realize more efficient use of computing power across data centers.
For data center access (DCA) networks, Huawei's OXC Mesh networking is capable of greatly reducing network latency. Its Wi-Fi 7 and 50G PON technologies can provide the ubiquitous 10 gigabit access that is necessary for widespread AI adoption by end users. In addition, Huawei's FTTR is already being used to create "intelligent hubs" and enable intelligent applications for many homes.
Huawei's Xinghe security gateway and hybrid ASON also guarantee resilience over end-to-end networks for AI application connections.
These innovations significantly improve bandwidth, latency, availability, and large-scale networking capabilities and will help carriers differentiate themselves in the intelligent era.
AI for UBB: highly-autonomous networks
UBB networks are also becoming larger and handling more complex scenarios, driving carriers to seek new ways to improve O&M efficiency and network autonomy. A promising method being explored is embedding AI directly into networks.
Huawei has built an AI-enabled O&M architecture for UBB networks that uses digital twins and its own Telecom Foundation Model. This architecture enables the creation of intelligent role-oriented "copilots" and scenario-specific "agents" that automate onsite operations and remote maintenance and optimization, which is necessary for the evolution to level 4 autonomous driving networks (ADNs).
Multiple leading carriers have successfully improved their network O&M efficiency by working with Huawei to apply this architecture commercially.
For home broadband, ADNs can support network self-optimization to ensure user experiences, reducing the churn rate by 57%.
For transmission networks, network planning and service deployment efficiency is crucial. ADNs can support service self-planning and deployment based on service level agreements, rather than manual planning. This can cut service provisioning times from one month to one day.
For IP network maintenance, fault location has always been a challenge. ADNs can enable virtual employees to support troubleshooting, reducing network troubleshooting times by 50%.
At the end of his speech, Wang called for the entire UBB industry to actively embrace the intelligent era by pursuing innovation in UBB 5.5G network technologies for long-term competitiveness. He also advocated for industry-wide incubation of new intelligent services in addition to new network capabilities, saying that new partnerships and business opportunities in AI applications will drive intelligent service transformation and new business growth.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Huawei's David Wang: UBB Advanced Paves the Way to All Intelligence
