The financial sector is subject to strict regulation and standards of compliance in order to establish high levels of accountability, prudence, security and risk management across all areas of commercial activity. Such requirements have led to some conservatism among financial institutions as to where the data they work with is housed and processed. It has made the migration of such data out of on-prem into outsourced or cloud environments more challenging and led to the adoption of hybrid IT models. This being said, this has also been a driving opportunity for Fintech, as a means of shaping the future of the financial sector in terms of the efficient control and analysis of the huge volumes of data collected.
The 8th DCD>Converged Hong Kong (November 10) will focus on advances in Fintech in the APAC region. DCD therefore spoke to Zhongrui Kuang, Board member and CEO at YCY Cloud. Zhongrui will be presenting a case study on how his cloud-based platform is being adopted in Chinese financial markets as a tool for managing compliance and risk issues, and the reasons he moved from a successful career as the head of quantitative trading within a major Chinese financial institution into the world of Fintech:
“There was a general lack of usage of IT in Chinese financial markets and institutions so I set out to offer a single platform to make it less complicated for enterprises to manage all kinds of compliance and risk issues in one dashboard. This has enabled better insight into regulation and risk, and has improved the clarity of those financial institutions such as the major trust funds who have adopted it.”
This will form the basis of his talk at DCD>Converged on 10th November:
“I will be speaking on the topic of how IT, cloud and colocation can meet the specific needs of the financial sector for power, latency and control, based on our experience across the largest financial institutions in China and the Shanghai Stock Exchange. China is becoming well advanced in online payment, in mobile banking and in the ability to handle real time transactions and my talk will cover these. As a more recent arrival into IT, China has been able to start from a higher point.”
Zhongrui contributes to DCD events in Mainland China and he is interested in reaction to his ideas and platform in the Hong Kong market as well as looking at its possible application to the market:
“Hong Kong is a key market because it is the first step out of China’s Mainland, it is the first place I would look to connect to so my clients could trade between Exchanges. The datacenters there are very well established and I look forward to meeting new partners so I don’t need to build from scratch.”
Zhongrui Kuang is one of 25 local & international thought leaders at DCD>Converged Hong who will present on the theme of “Data Infrastructure for an Era of Change”. This will include sessions and panels on the impact of technologies on the evolution of the data center, as well as how the fast-moving world of colocation, managed services and hosting is responding to the challenges and opportunities presented by cloud. The day will include also sessions on cyber-security and how Hong Kong, as one of the world’s leading commercial hub cities, is positioned to capitalise on developments in technology.
Conference & Expo DCD>Converged is part of the larger Hong Kong Datacenter Week featuring networking opportunities, training and the prestigious Datacenter Week Awards Gala & Ceremony.
DCD Datacenter Week Awards 2017
Known as the “Oscars of the Data Center Industry“, the 4th APAC Datacenter Week Awards Ceremony and Gala Dinner will be held immediately after the DCD>Converged Conference. This year, the eight awards categories received an impressive number of entries and nominations from across the APAC region including Australia, China, Hong Kong, India, Singapore, Indonesia, Korea, Malaysia and Philippines. Find out more about the shortlisted finalists here including hospitality packages available such as hosting clients at an Awards Gala table.
Qualified end-users can apply for complimentary registration at DCD>Converged Hong Kong 2017
DCD has moved to a ‘free-to-attend, by invitation’ event model for qualified end-user business executives, managers and technical professionals directly engaged with IT, data center and cloud infrastructure. If your company operates its own on/off premise data center(s), or if you are a significant end-user of data center outsourcing and/or cloud services and you are involved in technology planning, procurement, implementation, and operations, then you may qualify.
New to DCD: A complimentary Professional Advisor Passes is also available to one engineering/technical professional with management title/responsibility from each A/E consultancy/advisory firm (subject to criteria).
Find out more about which pass you qualify for and register for the conference, DCD>Converged here.
For any inquiries about registration please contact us at [email protected]