Huawei made its debut as a platinum sponsor at the NDC & Temenos Bank of the Future Forum (BoFF 2022), where it unveiled its hybrid cloud value proposition for banks on Temenos Core Banking.
Huawei is ideally positioned to assist banks in creating a modernized IT platform to enable digital transformation as a strategic partner of Temenos. Temenos Core Banking may be deployed on a certified platform using Huawei hybrid cloud, which is cloud-native. Recent collaborative benchmark testing demonstrates great performance for online transactions using the x86 architecture, which is the industry standard.
Leading banks are taking cloud transformation as a key IT initiative. The cloud-based IT architecture can help banks not only transform the core banking, but also with other business scenarios including payment, data analytics, compliance, DevOps, and so on. Compliant with SBP regulations, Huawei hybrid cloud provides a basket of solutions including an on-premise private cloud stack, in-country public cloud, and international public cloud for local banking customers. To help the banks do the cloudification journey, Huawei’s hybrid cloud possesses the following capabilities:
· Certified Cloud Platform for a Risk-Free Core Banking Upgrade.
· Flexible Hybrid Multi-Cloud Architecture for Local & International Branches to meet Regulatory Compliance.
· Modern Distributed Database Architecture for Uncompromised Performance, Scalability, and Reliability.
· Fully compliant with global security and data compliance standards.
We must live in a secure and stable network environment, according to Huawei CSPO, who spoke at this BoFF 2022 event.
In order to accelerate banks’ cloud transition in the MEA area, Huawei and Temenos also signed a strategic cooperation in Kenya in October 2022. This will improve the two organizations’ current cooperation and help the industry’s growth.
Huawei “empowers agile capabilities that provide ‘Everything as a Service for financial institutions based on global cloud service capabilities. We offer cloud-native banking solutions in strategic partnership with Temenos, the industry leader in banking software, and have implemented our solutions based on Huawei’s public cloud in Singapore. According to Jason Cao, President of Huawei Enterprise BG’s Global Financial Services Business Unit, “Huawei will continue to delve deeply into the global financial industry, develop the global ecosystem to cooperate with partners, and share our best experiences to accelerate.”
By the end of 2021, Huawei has provided services to more than 2,000 financial institutions across more than 60 nations and regions, including 48 of the top 100 banks in the world.
