SINGAPORE, March 30, 2015
/PRNewswire/ -- In recognition of its innovative UC solutions
and services in the banking sector, Huawei was the recipient of the
2014 Frost & Sullivan Asia Pacific Banking Industry Unified
Communication Solutions Product Innovation Leadership Award. The
company was honoured at the 2014 Frost & Sullivan Asia Pacific
Best Practices Awards held on the 16th of October at the Marina Bay
Sands Expo and Convention Centre, Singapore.
This Frost & Sullivan Product Innovation Leadership Award is
presented each year to the company who has successfully assessed
and met the needs of the market to deliver the most innovative
products, services and solutions in the video collaboration
market.
To develop and enhance the banking experience, it was vital to
introduce technology such as the Virtual Teller Machine (VTM) and
infrastructure products such as Virtual Teller Center (VTC) and
Virtual Teller Agent (VTA). These provided customers with
real-time, face-to-face video access to live tellers to fulfil
transactions, creating a familiar experience.
"Huawei is one of the pioneer vendors in developing and
implementing the VTM (Virtual teller machine) solution in
China. The innovation pushes the
limits of technology and design to create an effective and
efficient way of engaging with customers for bank branches. The
solution has been successfully adopted by a few large state-owned
and commercial banks in China. It
is expected to expand the customer reach of banks in other
countries in the near future," said Jessie
Yu, Industry Manager, Unified Communication and
Collaboration, ICT, Frost & Sullivan Asia Pacific.
In a highly competitive market and together with its strategic
expansion into enterprise business, Huawei has also initiated key
partnerships with industry-specific system integrators such as
GRGbanking, resulting in the development of remote banking
solutions – VTM, which have gained popularity.
Since their introduction in 2012, Huawei's VTM solutions have
been deployed in over 15 state-owned and commercial banks such as
Agriculture Bank, Bank of China,
Construction Bank, Ping An Bank,
Bank of Kunlun and Bank of Lanzhou.
One of the key differentiators of Huawei's VTM solution is its
software-based video endpoint. In addition to its competitive
pricing reducing the overall cost of the machines, it also offers
operational cost savings as the bandwidth requirement is lower as
compared to hardware solutions. Furthermore, the hardware video
endpoint can be included in Huawei VTM solutions.
As part of its commitment to providing the complete customer
solution, Huawei has also developed and introduced a host of
software applications to monitor the operation of its VTMs
including bandwidth allocation and control, energy consumption and
so on which further assists the customer in managing the VTM
machine more efficiently.
The 2014 Frost & Sullivan Asia Pacific Best Practices Awards
recognize companies across industries commending their diligence,
commitment, and innovative business strategies required to advance
in the global marketplace.
Frost & Sullivan identifies the outstanding industry
achievements in the past year by companies in the local and
regional markets through its in-depth analysis and coverage of
these industries. In keeping with Frost & Sullivan's
time-honoured commitment in pursuit of excellence and innovation,
the awards offered are carefully reviewed and evaluated to reflect
the current market landscape and include new emerging sectors.
For more details on the 2014 Frost & Sullivan Asia Pacific
Best Practices Awards, please
visit http://www.apacbp-awards.com/
To view the enhanced Frost & Sullivan multimedia wire
version of the press release, please visit
http://best-practices.frost-multimedia-wire.com/huaweibankingaward2014/
To view the e-book outlining Huawei's best practices in the
Asia-Pacific Unified Communication market, please visit
http://www.frost-apac.com/reader/2014HuaweiBanking/
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MEDIA CONTACT:
Melissa Tan
Corporate Communications – Asia
Pacific
E: melissa.tan@frost.com
P: +65 6890 0926