During the recent Huawei Intelligent Finance Summit 2021, Huawei and Temenos, the banking software company, announced a strategic 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-Pacific (APAC) 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 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, and achieve industry-leading cost/income ratios.
The two companies have demonstrated success and have several 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 more regions with aligned marketing and sales processes.
