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SINGAPORE, July 21, 2022 /PRNewswire=KYODO JBN/ --

During Huawei Intelligent Finance Summit 2022 — Huawei, launched the Digital

Banking 2.0 solution leveraging Temenos open platform, and discussed with

customers and top partners in the financial industry about how to build a

cloud-native architecture to achieve business agility and industry innovation.

Digital banking is a global trend

Facing fierce competition with Internet giants, banks are transforming from

providers of traditional financial services to those of new digital financial

services based on the industry ecosystem. New technologies — such as

cloud-native, open API, and big data — as well as the new economic environment

have been driving digital banking to be open, intelligent with seamless

integration capability.

Banks have to go digital to meet the various new requirements in new scenarios,

and digital banking is an inevitable choice. Indeed, global digital banks have

undergone explosive growth in recent years. According to the statistics of

Simon-Kucher's new bank database, 153 digital banks emerged in 2020 and 2021,

and this number will continue to rise in the future.

Huawei releases Digital Banking 2.0 Solution leveraging Temenos open platform

supporting banks' architecture transformation and business innovation

During the summit, Huawei released the Digital Banking 2.0 Solution leveraging

Temenos open platform. This new Digital Banking solution is an upgraded

solution and uses Temenos open platform for composable banking to provide

cloud-native, core banking functionality and data capabilities. The solution

supports the quick launch of digital banks and helps larger banks accelerate

their modernization in the cloud. This greatly improves the rollout efficiency

and customer satisfaction.

Digital Banking 2.0 Solution enables fast service integration and rollout based

on a cloud-native architecture, providing core banking functions for banks. The

solution has the following key capabilities:

Pre-integrated: The solution certified with Temenos and other partners in the

industry offers a complete and comprehensive function stack of digital banking

for customers in different business scenarios, such as retail, corporate and

Islamic banking, etc.

Agile: The solution provides composable banking services that allow new

services to be developed and iterated through simple assembly. At the same

time, the cloud-native system is highly scalable and cost-effective, requiring

less initial investment.

Open: The platform provides open APIs for third-party invoking and integration.

It enriches the ecosystem and supports more business scenarios. All of this

results in improved system operational efficiency and user satisfaction.

Neo Gong, Senior Solution Director of the Huawei Enterprise BG Digital Finance,

introduced, "Digital Banking 2.0 can be delivered in the SaaS or cloud

foundation model. This solution helps customers improve their efficiency of

business operations and cost management, so that they can focus more on service

innovation and ecosystem development. Based on the collaboration with Temenos,

a leading open platform for composable banking, this solution provides rich

core banking functionality for banks."

Through building an agile, elastic, secure and reliable cloud foundation, and

integration with partners to build scenario-based financial solutions, Huawei

is committed to further promote the development and innovation of financial

services, shaping smarter, greener finance together.

About Huawei Intelligent Finance Summit 2022

Huawei Intelligent Finance Summit is Huawei's annual flagship event for the

global financial industry. HiFS 2022 runs from July 20 to 22 in Singapore. With

the theme of "Shaping Smarter, Greener Finance", Huawei Intelligent Finance

Summit brings together leading figures, KOLs, academic experts, and innovative

practitioners in the global financial industry to discuss how to shape green

and digital finance in light of the future development trend of the financial

industry. For more information, please visit:

https://e.huawei.com/en/special_topic/Industry/finance/2022-finance-summit　

Source:Huawei

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=425918　

   Caption: Jason Cao, CEO of Huawei Global Digital Finance & Jimmy Ng, CIO and Head of

Group Technology & Operations, DBS