Huawei Certifies and Offers Temenos’ Cloud-Native Core Banking Solutionby Fintech News Singapore June 4, 2021
Huawei and Swiss banking software company Temenos announced a partnership to offer Temenos’ cloud-native core banking solution on the Huawei Public Cloud.
Temenos is the first core banking software to be certified with the Huawei Public Cloud and its infrastructure.
The partnership covers Asia with a specific focus on China and it also includes Africa, Europe, Latin America and the Middle East.
It brings together the extensive cloud hosting, implementation, and integration strengths of Huawei and the power of Temenos’ industry leading banking software. The scope of the partnership covers sales and marketing, implementation and training.
Financial institutions will be able to modernise their core banking systems on Huawei Cloud and benefit from elastic scalability, cost and operational efficiencies.
Together, Temenos and Huawei will help banks of all sizes to go to market faster, open up new business models.
More than 3,000 banking and financial institutions worldwide, serving the banking needs of 1.2 billion people, rely on Temenos cloud-native, API-first technology. Huawei also works with more than 2,000 financial institutions worldwide, including 47 of the world’s top 100 banks.
Philip Barnett, President of Strategic Growth, and Member of Executive Committee of Temenos, said:
“This joint go-to-market strategy with Huawei will massively accelerate our market penetration in China which represents approximately a USD 6 billion addressable market and we are extending to the Middle East, Africa, Europe and Latin America.
Our certification on Huawei Cloud demonstrates that our cloud-agnostic banking platform enables banks to pursue a multi-cloud strategy and have the highest levels of active-active resilience with the cloud provider of their choice.”
Ma Yue, Executive Vice President, Huawei Enterprise Business Group (EBG); President, Huawei EBG Global Partner Development and Sales said,
“Huawei is willing to continue to strengthen cooperation with industry-leading technology solution competent partners such as Temenos. The digital ecosystem is a place where all participants create and share value together.
By strengthening partnerships, we can solve problems and create value for customers together, expand the cake, and open up new growth space for the finance industry,”