Huawei teams up with 11 fintech groups for open cloud push

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Huawei has partnered with 11 fintech firms to help develop an open cloud platform to boost the financial industry's digital transformation.

The companies working with Huawei include Accenture, Beijing Advanced Digital Technology, Beijing Yucheng Technologies, Beiming Software, DHC Software, Deloitte Business Advisory Services, Digital China System Integration Service, First Data, Infosys Technologies, Micro Focus, and Worldline Technologies.

Huawei will contribute its Business-Driven ICT Infrastructure (BDII), using its skills as a hardware supplier to help the banking industry realise the potential of the cloud.

“The new ecosystem is designed to address the IT transformation needs of financial organisations [and] promotes BDII within the financial industry by enabling our partners to focus on their core competencies,” David He, president of marketing and solution sales at Huawei’s enterprise business group said.

“For example, consulting firms, application vendors, and system integrators will be able to leverage their in-depth understanding and practical experience around industry applications, while Huawei, as a hardware platform provider, will focus on ICT infrastructure.”

The new initiative will allow traditional financial orgaisations to embrace open source cloud-based solutions for applications including creating an online banking cloud, a credit loan cloud, a direct banking cloud, a micro-and-small-loan service cloud, a core account cloud, a credit card core application cloud, as well as mobile teller and home banking capabilities.

"Huawei facilitates IT architecture transformation within the finance industry by providing highly reliable x86 cluster systems to support core transaction systems, in addition to cloud architecture for finance that supports the transformation of the business and processes of banks,” Wang Hongfeng, general manager of finance solutions at Huawei added.

"Through cross-practice cooperation, Huawei hopes to speed up the evolution toward open platform architecture in the financial services industry.”

Clare Hopping
Freelance writer

Clare is the founder of Blue Cactus Digital, a digital marketing company that helps ethical and sustainability-focused businesses grow their customer base.

Prior to becoming a marketer, Clare was a journalist, working at a range of mobile device-focused outlets including Know Your Mobile before moving into freelance life.

As a freelance writer, she drew on her expertise in mobility to write features and guides for ITPro, as well as regularly writing news stories on a wide range of topics.