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: https://iop.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