Huawei and Infosys Finacle's Collaboration to Aid Digital Transformation in Banking Sector

SHANGHAI: Huawei collaborates with Infosys Finacle to announce a new innovation in the financial sector, named Finacle Universal Banking Solution Suite. The new venture is addressed towards the IT challenges of the finance and banking sectors including core banking system, online banking, mobile banking, customer relationship management (CRM) and wealth management.

The latest offering from the companies is hosted on Huawei’s FusionCloud.The 32-socket Mission Critical server KunLun is coupled with Infosys Finacle’s suite of products including core banking system, online banking mobile banking, CRM and wealth management to help financial institutions reduce total cost ownership (TCO), improve agility, and accelerate digitalization. This will allow customers to run Finacle suite of applications on a private cloud network along with a range of flexible capabilitiessuch as product factories, extensive parameterization and reusable business rules, and Open APIs. The solution will provide a real-time 360 degree view of customer with actionable insights from its powerful analytics capabilities, helping banks drive right-sell opportunities and create personalized services for customers.

“Powerful forces are reshaping the financial industry, transformation is vital to remaining competitive but there are multiple challenges associated with making this a reality. Huawei recognizes customer needs as the primary force driving ICT deployment. Huawei’s work with Infosys allows us to better understand the needs of the customer, and also carry out business-driven ICT infrastructure (BDII) construction. With this partnership, we can merge the latest innovations with detailed industry expertise, ensuring that we can co-create and deliver solutions and experiences that go beyond the sum of our individual capacities," says, Diana Yuan, President of Marketing and Solutions Sales, Huawei Enterprise Business Group.

Financial institutions are deploying cloud in multiple services areas and to match up to this trend, Huawei has developed a series of strategic partnerships to build China Merchants Bank, China Construction Bank, Industrial and Commercial Bank of China, and Santander. The company aims to offer systems to their customers that are lower cost, more flexible, and more secure.