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Huawei and Temenos Announce Technology Partnership Agreement

Huawei and Temenos, the banking software company, have announced a partnership to offer Temenos’ cloud-native core banking solution on the 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.

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,” added Mr. Ma Yue, Executive Vice President, Huawei Enterprise Business Group (EBG); President, Huawei EBG Global Partner Development and Sales.

By Arya

Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of  economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.

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