TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Infosys Newsroom

Tracker

Infosys Finacle and Huawei partner to create new financial cloud solution

Via Infosys Newsroom

Sep 1, 2016

Joint offering will enable banks globally to accelerate digital transformation while keeping technology costs under control

Bangalore and Shanghai – September 1, 2016 : Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), and Huawei, a leading global ICT solutions provider, today announced the global availability of the industry leading Finacle Universal Banking Solution Suite on Huawei’s FusionCloud based cloud platform. With this joint offering, financial services clients can expect substantial reductions in infrastructure and application management costs with high resilience and enhanced customer service efficiency across channels. The highly available platform will allow customers to run Finacle suite of applications on a private cloud network, delivering considerable performance, maintenance and total cost of ownership advantages.

Highlights:

  • As part of this partnership, Huawei and Finacle carried out a benchmarking activity, observed and reviewed by the global advisory firm EY. The test was simulated on a Finacle database size of almost 1 TB, with 6000+ branches, 33 million+ customers, 61 million+ accounts and 20,000+ branch users. 3,846,000 transactions were successfully processed in a total test duration of 2 hours and 33 minutes at the rate of 627.66 transactions per second in one hour of peak user load
  • The solution will provide enhanced agility and quick service rollout, by enabling elastic, on demand and secure computing resource pools, while supporting all-round management and service automation. Customers will gain a range of flexible capabilities such as product factories, extensive parameterization and reusable business rules, and Open APIs, thereby enabling greater agility
  • The solution will help reduce operating expenditure by ensuring optimum infrastructure utilization. Besides, customers will enjoy superior operational excellence owing to flexible process orchestration, robotic process automation, straight through processing and industry standards driven integrations
  • 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. This along with a unified and frictionless omnichannel experience will markedly improve user satisfaction
  • Extensive self-service capabilities will allow users to apply for computing, storage and network resources to be allocated on a per use basis. This will thereby reduce dependence on IT support and maintenance resources, and enhance end-user satisfaction

Quotes:

Qian Yuan (Diana), President – Marketing and Solution Sales Department, Huawei Enterprise Business Group:

“This new offering from Huawei and Finacle will empower financial institutions with a world class banking software, with competitive capex, reduced opex and superior flexibility in operations. With reduced total cost of ownership and increased return on investment, banks will benefit from substantial savings which can be channelled to accelerate innovation and strengthen profitability.”

Andy Dey, President – Customer and Operations, EdgeVerve:

“The increasing digitally native customer base of financial institutions is resulting in rapid increase in transactions loads, pushing the need for flexibility in designing and managing IT deployment strategies. This joint offering from Finacle and Huawei is a perfect fit, bringing to market an industry leading, digital age banking solution suite along with the security, flexibility and scalability of a private cloud.”

Related Topics
  • Announcement,
  • Asia-Pacific,
  • Cloud,
  • Device Software & Apps,
  • Digital Platforms & Services,
  • Finance & Banking,
  • Huawei,
  • Infosys,
  • News,
  • Tracker,
  • Transformation

More Like This

Security

Samsung 5G base stations achieve Common Criteria certification in North America

Jan 22, 2021

Digital Platforms & Services

Telenor: The Covid-19 digitalisation wave makes its mark on 2021 tech trends

Jan 22, 2021

Sustainability

Tele2 launches new sustainability strategy to lead in sustainability

Jan 22, 2021

Access Evolution

Acting Chairwoman Rosenworcel on designation to lead FCC

Jan 21, 2021

5G

Samsung expands 5G technology leadership with fully virtualized commercial 5G RAN

Jan 21, 2021

This content extract was originally sourced from an external website (Infosys Newsroom) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

1:4:29

Great Telco Debate: Live Debate – Day 2 (On-demand)

1:18:20

Great Telco Debate: Live Debate – Day 3 (On-demand)

43:08

Developing an ecosystem for vRAN

2:23

The TelecomTV Snapshot: The Great Telco Debate 2020 - CSP Highlights

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices