Infosys partners Huawei for financial cloud solution

Infosys Finacle today said it has partnered Huawei to develop a financial cloud solution that will enable banks globally to accelerate digital transformation while keeping technology costs under control.
Infosys Finacle is a part of EdgeVerve Systems, a wholly owned subsidiary of Infosys.
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, a statement said.
No financial details of the partnership were disclosed.
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, it added.

The solution will also help reduce operating expenditure by ensuring optimum infrastructure utilisation, it added.
"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," Huawei Enterprise Business Group President (Marketing and Solution Sales) Qian Yuan said.
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, EdgeVerve President (Customer and Operations) Andy Dey added.