During the Huawei Intelligent Finance Summit 2022, Huawei launched the Digital Banking 2.0 solution leveraging Temenos’ open platform, and discussed with customers and key finance industry partners on how to build an architecture cloud-native to achieve business agility and industry innovation.
Faced with fierce competition from internet giants, banks are transforming from traditional financial service providers to providers of new digital financial services based on the industry’s ecosystem. New technologies such as cloud native, open API and big data, as well as the new economic environment, have driven digital banking to be open and intelligent, with continuous integration capability.
Banks need to go digital to meet the diverse new requirements in new scenarios, and digital banking is an unavoidable choice. In fact, global digital banks have experienced significant growth in recent years. According to statistics from Simon-Kucher’s new banking database, 153 digital banks emerged in 2020 and 2021, and this number will continue to increase in the future.
Huawei launches Digital Banking 2.0 solution leveraging Temenos’ open platform that supports bank architecture transformation and business innovation
During the summit, Huawei launched the Digital Banking 2.0 solution leveraging Temenos’ open platform. The new Digital Banking is an updated solution and leverages Temenos’ open platform for modular banking to deliver cloud-native banking functionality and data capabilities. The solution supports rapid launch of digital banks and helps larger banks accelerate their cloud modernization. This greatly improves implementation efficiency and customer satisfaction.
The Digital Banking 2.0 solution enables rapid integration and deployment of services based on a cloud-native architecture, delivering core banking functions to banks. The solution has the following key features:
Pre-integrated: The solution certified with Temenos and other industry partners offers a complete and comprehensive set of digital banking services for customers in different business scenarios such as retail, corporate and Islamic banking, etc.
Agile: The solution offers modular banking services that allow the development of new services that are iterated through simple assembly. At the same time, the cloud-native system is highly scalable and cost-effective, requiring less upfront investment.
Open: The platform offers open APIs for third-party invocation 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 Solutions Director at Huawei Enterprise BG Digital Finance, presented: “Digital Banking 2.0 can be delivered in SaaS or Cloud Foundation model. This solution helps customers improve the efficiency of business operations and cost management, so they can focus more on service innovation and ecosystem development. Based on collaboration with Temenos, a leading open platform for modular banking, this solution provides rich core banking functionality for banks.”
By building an agile, elastic, secure and reliable cloud foundation and integrating with partners to build scenario-based financial solutions, Huawei is committed to further promoting the development and innovation of financial services, together forging smarter finance. and ecological.
