Solution for New Generation Network Office Equipment Transformation for a Bank

Client Background

With the development of the financial economy, the bank's original management model, business philosophy, and development approach are no longer sufficient to meet the rapidly changing information landscape in terms of security and operational efficiency. To enhance office efficiency and security, the bank has decided to rely on next-generation 5G network security technology to combine smart branches with mobile office capabilities, creating a comprehensive, open, integrated, and highly secure new network system.

Reasons for Network Upgrade

• Security Enhancement: Network upgrades typically include updating security protocols and encryption technologies to counter evolving cyber threats. This helps protect customers' funds and personal information from hackers, cyber-attacks, and data breaches.
• Performance Optimization: As technology advances and business grows, banking systems require more efficient and faster networks to handle increasing transaction volumes and customer demands. Network upgrades can improve system performance and response speed, ensuring smooth transactions and inquiries for customers.
• New Features and Services: Network upgrades may introduce new features and services to enhance customer experience and meet market demands. This could involve improvements to mobile banking applications, enhancements to online payment systems, and more convenient digital banking services.
• Cost Reduction: Although network upgrades may require substantial investment, in the long run, they can help banks reduce operational costs. By increasing efficiency, reducing downtime, and cutting maintenance costs, banks can achieve higher economic benefits.

Challenges

• Security Vulnerabilities and Threats: Network upgrades may expose new security vulnerabilities. Hackers could exploit these vulnerabilities to launch attacks, steal sensitive information, or disrupt systems.
• Data Migration and Compatibility: For large banks, migrating data from old systems to new ones can be complex. Compatibility issues between new and old systems may also pose various technical challenges.
• Business and Service Interruptions: Network upgrades typically require system maintenance and downtime, which can affect daily business operations and customer services. Despite efforts to minimize downtime, some inconvenience and losses may still occur.
• Technical Complexity: Bank network systems are often highly complex, including multiple subsystems, databases, and applications. Upgrading these complex systems requires a high level of technical expertise and experience.
• Compliance Requirements: The financial industry is subject to strict regulations and compliance requirements. Banks must ensure that the new system meets relevant regulations and standards during the upgrade process, adding to the complexity and cost.

Solution

The overall strategy for the bank's network upgrade focuses on re-planning, combining wireless network coverage with wired infrastructure. The network upgrade solution encompasses security zone segmentation, boundary protection, internet access, and wireless security protection, comprehensively enhancing the bank's protection capabilities and configurations.

Scenario-based Solution for the Bank

Project Highlights

This project establishes an efficient and secure network system for the bank, enabling various remote secure access modes to meet the needs of remote work scenarios. Additionally, the network upgrade improves the bank's operational efficiency and business capabilities, supporting the bank in its journey towards differentiation and laying a solid foundation for becoming a comprehensive and sustainable financial service system.