Temenos and Huawei strengthen partnership to accelerate cloud modernization in banking

[Shanghai, China, June 12, 2023] At Huawei Intelligent Finance Summit 2023, Temenos, the leading banking software platform, delivered a presentation of Engage and Grow in a Cloud World, to explore the transformative power of open platforms (on-premise, cloud or SaaS) and how it offers limitless opportunities, to engage with customers and scale to meet massive demands.

To deepen their digital transformation goals, it is imperative for banks to adopt customer-centric banking solutions, and digital banks need a robust and scalable technology infrastructure to support a large number of transactions. With cloud technology, banks can build and deploy applications quickly and efficiently, while reducing costs and increasing flexibility.

The collaboration between Huawei and Temenos has already yielded results, particularly in the Asia-Pacific region, whereby working together to overcome shared challenges such as regulatory compliance, interoperability, and cybersecurity, banks can unlock new opportunities to provide more inclusive and accessible financial services to people. Craig Bennett, Managing Director of Temenos Asia Pacific, mentioned: "Temenos and Huawei have achieved some successful projects in the Asia-Pacific region. Both parties see great traction in the future market, and we support banks in modernizing their core banking systems on HUAWEI CLOUD and benefiting from scalability, cost, and operational efficiency."

"We are honored to work with Temenos to bring these innovative cloud-native solutions to market. We believe that cloud technologies will play a vital role in the future of banking, and these joint solutions represent an important step in our collective efforts to drive innovation and value for our customers." Solution Director of Digital Finance BU Huawei Clinton Chan said.

This summit in Shanghai is another important milestone in the ongoing partnership between Huawei and Temenos, which will leverage Huawei's global presence on leading-edge ICT infrastructure and deep expertise in cloud-based solutions, as well as Temenos' rich experience in delivering mission-critical core-banking systems to financial institutions around the globe. will drive technological innovation for global banks and financial institutions. Our mission is to drive technological innovation in global banks and financial institutions.

For more information about HIFS 2023, please refer to:https://e.huawei.com/en/events/2023/industries/finance/finance-summit.