back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Temenos enters milestone partnership with Huawei

By Leandra Monteiro

June 04, 2021

  • China
  • Temenos
Share

Temenos, Huawei, banking software, Asia-Pacific, China, partnership, Huawei Cloud 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.

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 billion 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 to 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.

Previous Article

June 04, 2021

Standard Chartered appointed as Settlement Bank by AMF for the Euro in Buna

Read More
Next Article

June 04, 2021

Codat teams up with Personetics to boost engagement for SMEs

Read More










IBSi Daily News Analysis

wealth management

August 16, 2022

China

Self-employed struggle to access financial services. What can FinTech do?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Alaan launches UAE’s first business card with up to 2% cashback

Read More

August 12, 2022

ANZ New Zealand selects FIS’s modern banking platform

Read More

August 11, 2022

5 notable wealth management companies across the Americas

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022