-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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