Huawei and Partners Unveil AI Financial Solutions
Huawei launched AI financial solutions to construct a super-brain for smart finance. The aim is to support comprehensive smart services and help financial institutions achieve digital transformation.
The financial services industry has begun incorporating AI into services, but it faces many great challenges in doing so. It is widely applied but compute power is insufficient. AI has been used in multiple services domains, such as marketing, risk control, and operations so a single echnology cannot meet all of these requirements, and overall planning and deployment of an enterprise-class AI platform becomes crucial.
Furthermore, traditional financial enterprises find it difficult to attract high-end AI professionals. The industry needs to build an enterprise-class AI platform that covers various service scenarios and AI algorithms, facilitating the implementation of smart finance. To address preceding challenges, Huawei has tailored solutions for the financial services industry, involving the computing power, development platform, and ecosystem.
The Huawei Atlas AI computing platform is powered by Huawei's Ascend series AI processors, as well as industry mainstream heterogeneous computing components. Atlas offers various product form factors, such as accelerator modules, cards, AI edge stations, appliances, and TaiShan servers powered by ARM-based processor Kunpeng 920, providing an all-scenario AI infrastructure solution for the device-edge-cloud. It applies to finance and other fields.
The FusionInsight MindArts AI development platform features fast development, fast training, and fast rollout. The platform uses a self-developed MindSpore learning framework, and integrates multiple open source frameworks to manage and run algorithms from various vendors (Tensorflow, Pytorch, Caffe, and MxNet). It supports batch and online reasoning, accelerating algorithm execution by 30% or more.
The community provides a secure and open environment where universities, enterprises, and developers can share and trade their AI models, APIs, data, and competition cases. It connects participants in the AI development ecosystem, and helps developers and partners to apply AI and design solutions. It will also help them monetize these solutions. In addition, Huawei Cloud will set up special funds to encourage the sharing of AI models.
Based on Huawei's powerful AI platform and computing resources, Huawei and its partners provide AI solutions for financial clients and enable smart finance. AI voiceprint verification covers multiple fields, such as customer service, payment collection, and credit auditing. AI image recognition is applicable to bill and certificate verification of banking, securities, insurance, mobile payment, and P2P fields. Its business scenarios involve identification of certificates, financial bills, and invoices.
"Financial institutions need to consider AI capability development and smart financial services in a unified manner. Like people, these institutions need to use a brain to view, listen, speak, learn, and apply. Using the open AI platform with a unified architecture, we can develop strong compute power and build a super-brain to support smart financial services," said Cao Chong, President, Huawei EBG Financial Services Business.