Huawei Selects VoltDB to Power Financial Services Fraud Detection and Prevention Solution FusionInsight
VoltDB In-memory Database Implemented in Credit Card Fraud Offering Used by Leading Chinese Bank
BEDFORD, Massachusetts, Oct. 12, 2017 /PRNewswire/ -- VoltDB, the only in-memory transactional database for applications that require an unprecedented combination of data scale, volume, and accuracy, today announced it has been selected by Huawei as enabling technology in the tech giant's FusionInsight platform. The company has also been approved as a corporate-wide supplier to Huawei Technologies Co., Ltd.
VoltDB was chosen for its in-business transaction decisions, predictable low latency, instant online rule changes, high availability, elastic scalability and strong consistency. The Huawei FusionInsight platform is a Big Data Solution used by China's enterprises and retail financial services institutions to implement real-time history queries, credit investigations and build new event marketing services focused on customer-oriented precision marketing. With VoltDB, Huawei FusionInsight brings fraud detection latencies down dramatically, from post-business transaction detection to in-business transaction prevention.
"Huawei chose VoltDB not only for its ability to dramatically reduce current fraud detection latencies, but also for future applications which will automate real-time, in-process fraud prevention, with the potential to save millions of dollars," said David Flower, president and CEO, VoltDB. "We are partnering with Huawei as it develops fraud detection and prevention real-time solutions that demand high-throughput requirements, ranging from thousands to hundreds of thousands of transactions per second to more than a million per second at peak times. Huawei's selection of VoltDB reinforces our value in core vertical markets, including Financial Services and Telco. Huawei believes VoltDB is the right product to deliver predictable low latency, 100 percent correct data and scalable architecture."
For more information about VoltDB, visit https://voltdb.com/.