PR89913

GENEVA, Switzerland and SHANGHAI, China, June 4, 2021 /PRNewswire=KYODO JBN/ --

-Temenos Becomes First Core Banking Software Provider Certified with Huawei

infrastructure and Huawei Public Cloud

-Temenos and Huawei will jointly go-to-market with leading-edge financial

services offerings in the cloud to drive scalability, operational efficiency,

time-to-market, and innovation

-Temenos cements its leadership in the cloud delivering its software across all

major public cloud providers

During Huawei Intelligent Finance Summit 2021, Huawei and Temenos, the banking

software company, announced a partnership to offer Temenos' cloud-native core

banking solution on the Huawei Public Cloud. Temenos is the first core banking

software certified with Huawei infrastructure and Huawei Public Cloud.

Geographically, the partnership covers Asia with a specific focus on China and

it also includes Africa, Europe, Latin America and the Middle East.

The partnership 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 modernize 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, and achieve industry-leading

cost/income ratios.

The two companies have demonstrated success and have a number of existing

customers and successful projects in APAC. The two companies already see

significant market traction and have a number of new prospects in the works.

Temenos and Huawei will jointly go to market focusing on China and moving to

the more regions with aligned marketing and sales processes.

Temenos and Huawei have extensive reach into the global financial services

market. 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.

The growing demand for cloud-based models has accelerated during the

coronavirus pandemic, as banks require more resilient and agile technology

propositions. Cloud has become the established software deployment method for

digital-first banks that need to launch fast with minimum IT infrastructure

cost. Larger banks increasingly shift to the cloud to incrementally modernize

their systems, reduce IT complexity and cost gain greater speed to market.

Philip Barnett, President of Strategic Growth, and Member of Executive

Committee of Temenos, said: "We are delighted to extend our leadership in the

cloud and be the first to certify with Huawei. This joint go-to-market strategy

with Huawei will massively accelerate our market penetration in China which

represents approximately a USD 6 bn addressable market and we are extending to

the Middle East, Africa, Europe and Latin America. Together, we can help

digital-first banks as well as large banks in need of core modernization

accelerate their move in the cloud. Our API-first, cloud-native core banking

solution based on Huawei Cloud will provide flexibility, agility, elasticity,

and accelerate time to market for banks. 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."

"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," said Mr. Ma Yue, Executive Vice President, Huawei Enterprise

Business Group (EBG); President, Huawei EBG Global Partner Development and

Sales.

Huawei Intelligent Finance Summit 2021 was held in Shanghai from Jun 03 to 04.

Huawei Intelligent Finance Summit is a global ICT event hosted by Huawei and

focused on the financial industry. It was founded in 2013, all participants

were the industry elite in the financial industry. For more information about

Huawei Global FSI Summit, please visit:

https://e.huawei.com/topic/2021-event-fsi-summit/en /index.html

Source: Huawei

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