Huawei and Temenos Announce Technology Partnership Agreement
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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Caption: Huawei and Temenos Announce Technology Partnership Agreement
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