Huawei, Temenos announce technology partnership
Tech giant Huawei and Temenos, a banking software company, have partnered 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. The scope of the partnership covers sales and marketing, implementation and training.
Announced at Huawei Intelligent Finance Summit 2021, the partnership covers Asia-Pacific, with a specific focus on China, and also Africa, Europe, Latin America and the Middle East.
According to the companies the partnership brings together the extensive cloud hosting, implementation, and integration strengths of Huawei and the power of Temenos’ banking software.
Financial institutions will be able to modernise their core banking systems on Huawei Cloud and benefit from elastic scalability, cost and operational efficiencies.
Together, the companies will help banks of all sizes to go to market faster, open up new business models, and achieve industry-leading cost/income ratios.
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, the companies add.
“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 modernise their systems, reduce IT complexity and cost, and gain greater speed to market.”