SHENZHEN, China, Sept. 20, 2024 /PRNewswire/ -- Managed by IFC, a member of the World Bank Group, and supported by the G20 Global Partnership for Financial Inclusion, the Global SME Forum 2024 was held in São Paulo, Brazil from September 16 to 18. Leading financial institutions, fintech enterprises, and SME industry experts worldwide joined this annual event to explore the digital-sustainable transitions of SME finance in the age of AI.
WeBank attended the Forum as the only Chinese financial institution invited. At the roundtable sessions on "Navigating the SME Finance Lifecycle from Inception to Maturity" and "Digital Banks: Powering SME Growth," Vincent Zheng, Deputy General Manager of the Corporate Digital Marketing Department at WeBank, addressed the current progress of SME finance in China and WeBank's digital practices in the area.
At the Forum, the Global SME Finance Awards 2024 announced winners of the year. WeBank won the platinum prize of "SME Financier of the Year – Commercial Bank – Global" and "SME Financier of the Year – Asia" for its digital practices in SME finance. With the win of "SME Financier of the Year – Asia," WeBank became the first financial institution to receive the highest recognition under the category in two consecutive years.
From digital credit to full-process service for MSMEs
At the main stage event of "Navigating the SME Finance Lifecycle from Inception to Maturity," SME business executives and representatives of investment institutions from China, Arabia, Cambodia, Nigeria, the United States, and Brazil discussed about local SME financial services, delivering encouraging insights to financial practitioners from emerging financial markets.
In China, there are over 53 million micro-, small- and medium-sized enterprises (MSMEs), making the nation one of the markets with the most MSME entities. The past decade saw a significant improvement in the coverage, accessibility, and satisfaction of MSME financial services thanks to the development of financial inclusion in China.
"With the rapid advance of data infrastructure in China over the past few years, the interactive mechanisms of bank-tax and bank-business enabled WeBank to integrate the authenticated and authorized third-party credibility data from tax, industry and commerce, credit, justice, electricity, and social security into our risk control systems and business practices. Our online unsecured corporate working capital loan product 'Weiyedai' launched in 2017 has now received applications from over five million MSMEs. Meanwhile, the number of applying enterprises accounts for about 7% of the total number of operating enterprises where we provide services, " said Zheng.
WeBank now has a digital product portfolio and specialized financial services to support MSMEs through a full lifecycle including credit, account management, payment, settlement, trade finance, insurance, and wealth management. 'Weiyedai' also offers supply chain financial services to upstream and downstream enterprises from the supply chains of key industries. For sci-tech enterprises, WeBank integrates a customized service system to comprehensively fulfil their demand for digital operation and sustainable innovation.
AI empowers digital banks to better serve MSMEs
Powered by digitization, digital banking is now a key player in the finance sector. Along with the World Bank Group and fellow fintech enterprises, executives of digital banks from China, Brazil, Cambodia, Nigeria, South Africa, and other emerging markets joined the Forum for a dedicated session on the role of digital banks in empowering SMEs.
WeBank, as the first digital bank in China, utilizes digital tools in big data risk control, accurate reach, and enterprise service to apply digital and intelligent solutions to the full process of MSME financial services. The practice serves as an example of digital inclusive finance with bearable costs, controllable risks, and sustainable business growth.
"WeBank continues to integrate innovative digital solutions into its products and services. For instance, WeBank built a financial large language model to improve the understanding of MSME customers. With a better understanding of these customers, we could optimize the experience and performance of customer service, banking risk control, digital marketing, and operation, in addition to MSME-oriented services such as digital venture capital," as Zheng noted.
About WeBank
Launched in 2014, WeBank Co., Ltd. ("WeBank") is the first digital bank in China. WeBank provides convenient financial services to micro-, small- and medium-sized enterprises (MSMEs) and the public, and continuously improves the quality of services in response to customers' specific needs. WeBank now ranks 255 in the Top 1000 World Banks by The Banker.
WeBank focuses on innovation and technology. WeBank has maintained its proportion of technical personnel above 50% since its establishment, while its research and development expenses accounted for around 10% of its revenue. WeBank is now at the top of the industry in core technologies such as artificial intelligence (AI), blockchain, cloud computing and big data.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
WeBank Awarded with SME Financier of the Year in the Global SME Finance Forum 2024
Supermicro's End-to-End Liquid-Cooled Solutions Propel Industry's Transition to Sustainable AI Data Centers with the NVIDIA Blackwell Platform
SAN JOSE, Calif., Oct. 16, 2024 /PRNewswire/ -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, is accelerating the industry's transition to liquid-cooled data centers with the NVIDIA Blackwell platform to deliver a new paradigm of energy-efficiency for the rapidly heightened energy demand of new AI infrastructures. Supermicro's industry-leading end-to-end liquid-cooling solutions are powered by the NVIDIA GB200 NVL72 platform for exascale computing in a single rack and have started sampling to select customers for full-scale production in late Q4. In addition, the recently announced Supermicro X14 and H14 4U liquid-cooled systems and 10U air-cooled systems are production-ready for the NVIDIA HGX B200 8-GPU system.
"We're driving the future of sustainable AI computing, and our liquid-cooled AI solutions are rapidly being adopted by some of the most ambitious AI Infrastructure projects in the world with over 2000 liquid-cooled racks shipped since June 2024," said Charles Liang, president and CEO of Supermicro. "Supermicro's end-to-end liquid-cooling solution, with the NVIDIA Blackwell platform, unlocks the computational power, cost-effectiveness, and energy-efficiency of the next generation of GPUs, such as those that are part of the NVIDIA GB200 NVL72, an exascale computer contained in a single rack. Supermicro's extensive experience in deploying liquid-cooled AI infrastructure, along with comprehensive on-site services, management software, and global manufacturing capacity, provides customers a distinct advantage in transforming data centers with the most powerful and sustainable AI solutions."
https://www.supermicro.com/en/solutions/ai-supercluster
Supermicro's liquid-cooled SuperClusters for NVIDIA GB200 NVL72 platform-based systems feature the new advanced in-rack or in-row coolant distribution units (CDUs), and custom cold plates designed for the compute tray housing two NVIDIA GB200 Grace Blackwell Superchips in a 1U form factor. Supermicro's NVIDIA GB200 NVL72 delivers exascale AI computing capabilities in a single rack with Supermicro's end-to-end liquid-cooling solution. The rack solution incorporates 72 NVIDIA Blackwell GPUs and 32 NVIDIA Grace CPUs, interconnected by NVIDIA's fifth generation NVLink network. The NVIDIA NVLink Switch system facilitates 130 terabytes per second (TB/s) of total GPU communication with extremely low latency, enhancing performance for AI and high-performance computing (HPC) workloads. In addition, Supermicro supports recently announced NVIDIA GB200 NVL2 platform, 2U air-cooled system featuring tightly coupled two NVIDIA Blackwell GPUs and two NVIDIA Grace CPUs that is suited for easy deployment with diverse workloads such as large LLM inference, RAG, data processing, and HPC applications.
Supermicro's leading 4U liquid-cooled systems and the new 10U air-cooled systems now support the NVIDIA HGX B200 8-GPU system and are ready for production. The newly developed cold plates and the 250kW capacity in-rack coolant distribution unit maximize the performance and efficiency of the 8-GPU systems, providing 64x 1000W NVIDIA Blackwell GPUs and 16x 500W CPUs in a single 48U rack. Up to 4 of the new 10U air-cooled systems can be installed and fully integrated in a rack, the same density as the previous generation, while providing up to 15x inference and 3x training performance.
SuperCloud Composer software, Supermicro's comprehensive data center management platform, provides powerful tools to monitor vital information on liquid-cooled systems and racks, coolant distribution units, and cooling towers, including pressure, humidity, pump and valve conditions, and more. SuperCloud Composer's Liquid Cooling Consult Module (LCCM) optimizes the operational cost and manages the integrity of liquid-cooled data centers.
Scaling the infrastructure for multi-trillion parameter AI models, Supermicro is at the forefront of adopting networking innovations for both InfiniBand and Ethernet, including NVIDIA BlueField®-3 SuperNICs and NVIDIA ConnectX®-7 at 400Gb/s, NVIDIA ConnectX®-8, Spectrumâ„¢-4, and NVIDIA Quantum-3 to enable 800Gb/s networking for the NVIDIA Blackwell platform. The NVIDIA Spectrum-Xâ„¢ Ethernet with Supermicro's 4U liquid-cooled and 8U air-cooled NVIDIA HGX H100 and H200 system clusters now powers one of the largest AI deployments to date.
From proof-of-concept (PoC) to full-scale deployment, Supermicro is a one-stop shop, providing all necessary technologies, liquid-cooling, networking solutions, and onsite installation services. Supermicro delivers a comprehensive, in-house-designed liquid-cooling ecosystem, encompassing custom-designed cold plates optimized for various GPUs, CPUs, and memory modules, along with multiple CDU form factors and capacity, manifolds, hoses, connectors, cooling towers, and monitoring and management software. This end-to-end solution seamlessly integrates into rack-level configurations, significantly boosting system efficiency, mitigating thermal throttling, and simultaneously reducing both the Total Cost of Ownership (TCO) and environmental impact of data center operations for the era of AI.
Supermicro at 2024 OCP Global Summit
Learn more at OCP Global Summit Booth #21, San Jose, California, October 15-17, 2024.
About Super Micro Computer, Inc.
Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro's motherboard, power, and chassis design expertise further enable our development and production, enabling next generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Asia, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names, and trademarks are the property of their respective owners.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Supermicro's Liquid-Cooled SuperClusters for AI Data Centers Powered by NVIDIA GB200 NVL72 and NVIDIA HGX B200 Systems, Deliver a New Paradigm of Energy-Efficient Exascale Computing
